As the new year rolls out with unseen opportunities, it carries with it a backlog of events that probably no body including the creators would have envisaged in January 2015. Starting with Brexit, demonetization in India and the unexpected US election results, there has been a lot for the industry to adapt. Whenever civilization has gone through one of these disruptive, dislocating technical revolutions-like Gutenberg's introduction of the printing press-the whole world has changed in a profound manner. But, there is something different about the flattening of the world in the next decade, and it is going to be qualitatively different from similar such profound changes; the speed and breadth with which it is taking place. This flattening process is happening at warp speed, and, is directly or indirectly touching a lot more people on the planet at once. The faster and broader the manner of transition to a new era, more likely the potential for disruption.
VUCA: Volatility, Uncertainty, Complexity, or Ambiguity
The notion of VUCA was introduced by the U.S. Army War College to describe the more volatile, uncertain, complex, and ambiguous, multilateral world, which came into the fore with the end of the Cold War (Kinsinger & Walch, 2012). The acronym itself was not created until the late 1990s, and, the notion and acronym really took hold after the terrorist attacks of September 11, 2001. VUCA was subsequently adopted by strategic business leaders to describe the chaotic, turbulent, and, rapidly changing business environment that has now become the "new normal." For leaders in the military and beyond, the doctrine underscores the importance of strategic decision making, readiness planning, risk management, and situational problem solving.
Understanding VUCA in present day business
Diese Geschichte stammt aus der January 2017-Ausgabe von Human Capital.
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Diese Geschichte stammt aus der January 2017-Ausgabe von Human Capital.
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Continuous Learning For Growth
Of late, for organizations particularly in the service sector, people have become the strategy. And, if that is the case, the Learning and Development (L&D) department in organizations, and the industry in general, is likely to witness significant growth in 2017 and the years thereafter.
Creating Open Spaces And Minds
As the boundaries of life between work and home continue to blur, employers and employees are sitting up and are noticing the ways and means to offer and avail a worthwhile experience at the workplace.
Striking The Right Balance
In 2017, an employee in the HR Department of a leading global company received an excel sheet attachment in his official mail. While the content seemed harmless, it was in fact a well disguised Ransomware attack which had in fact placed several companies worldwide in the dock. Ransomware attacks targeting HR departments across the globe have since been in vogue since they possess valuable employee data which can be used to commit crimes such as tax frauds and the like.
The Multifaceted Advantages Of AI
AI can speed and automate data collection, make fundamental observations, systemize HR issues, and differentiate customer and employee profiles. But, corrective measures and final decisions can only be approved by people who can understand how to leverage AI tools to acquire accurate information sans the noise and interpret them the right way.
Engagement Surveys: A Means Or An End?
Surveys are not merely a way to check the pulse of the organisation; they should ideally be used as vehicles to improve the organisation culture, people practices and employee experiences which gradually translate into business success.
What Is And What Needs!
The idea of the best fit works only in a perfect universe. In reality, what talent specialists and hiring managers should focus on is getting the close fitment. They should work with an approach that bridges the gap between what is (available) and what needs to be (done).
A Matter Of Strategic Timing!
The term 'work-life balance' has become a popular chant for all working professionals today. A world of different opinions continue to pervade our lives, with one actually affirming that there truly is no direct relationship between the parallel worlds we live in.
Picture Out Of The Frame
A few months ago, Moon Jae-in, the President of South Korea, made an unusual announcement.
Analysis
It is paramount for a pharmaceutical company to meet the business requirement of regulatory compliance.
How Can They Fire Her?
It is a common phenomenon in the corporate landscape to misinterpret the inability to respond to a query by a Manager as a serious lapse which at times leads to termination of his/her services. As a fallout, not only do they risk losing out a person with superior managerial skills, they also dampen the spirit of the juniors in her department, leading to sinking morale and reduced engagement.
