𝗪𝗵𝘆 𝗚𝗼𝗹𝗶𝗮𝘁𝗵𝘀 𝗺𝘂𝘀𝘁 𝗯𝗲 𝗽𝗲𝗿𝗲𝗻𝗻𝗶𝗮𝗹𝗹𝘆 𝗮𝗴𝗶𝗹𝗲 𝘁𝗼 𝘁𝗮𝗰𝗸𝗹𝗲 𝘁𝗵𝗲 𝗻𝗲𝘄 𝗗𝗮𝘃𝗶𝗱𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗰𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝘄𝗼𝗿𝗹𝗱

In today’s fast-paced and ever-evolving business landscape, staying ahead requires more than just keeping up with changes—it demands proactive transformation.
The Goliaths must be perennially agile to tackle the new Davids, who will enter anytime, from anywhere. The hyperconnected world has enabled smaller new entrants to outsmart the established big players. Business transformation exercises, which used to be once in a blue moon mega-exercise, will happen frequently and multiple times a year. This is due to the paradigm shifts in business facilitated by tech advancements. The hyperconnected world is not offering any geographical immunity or market immunity due to the constant evolution of deep tech both horizontally and vertically, its growing utility and its constant integration. As leaders, we must recognize that business transformation is no longer a rare, monumental event but a continuous, dynamic process essential for survival and growth. The typical process of organization structuring and designing will undergo a massive shift. Talent will come and exit the organization in many ways. The HR function must get ready with workforce data, skilled resource mapping and manpower forecasting with the push of a button. HR will have to account for Gig, Contractual and Third-party employees and at times take help of the community to meet the ‘staff on demand’ requirements. The HR policies and ERP systems of today are inflexible and oriented towards its on-roll employees. This needs to be revamped completely. The HR budgeting exercise will be impacted by factoring in the impact of artificial intelligence and machine learning on the businesses. There will be a constant churn of roles getting redundant because of technological changes. The balance roles will be getting upgraded. Corporate leaders especially the HR will have to understand the emerging technologies as good as the technocrats and keep on factoring these changes in its workforce plan. The current deep tech revolution is only the tip of the iceberg in terms of technological waves. The upcoming development in areas like Neurology, Biochemistry, Virtual reality will completely change the outlook of workplace management and HR. How are you gearing up to adapt with such changes? hashtag

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