Change is happening at a faster pace than ever before. Environmental pressures, population growth, massive technological advancements, shifting consumer preferences, and significant shifts in the demographics of the workforce are just some of the forces shaping our realities in real time.
The past Future of Jobs Report from the World Economic Forum predicts on an average, companies estimate that around 40% of workers will require reskilling of six months or less and 94% of business leaders report that they expect employees to pick up new skills on the job, a sharp uptake from 65% in 2018.
No one clearly knows what the future entails. But what all of us can agree upon is that how businesses use technology and prepare their talent for these uncertain changes in the future, as has been the case with COVID, shall determine their success in times of rapid changes.
The findings of the Asia Pacific State of HR Transformation Study by Alight Solutions highlighted that the organizations with a clear HR Service Delivery Model and HR Technology Strategy organizations are five-fold more confident on program design and execution, and are twice more productive.