PN I envisage five critical areas titled 5C's for future talent - Curiosity, Courage, Collaboration, Connectivity and Compassion.
b) Courage : Talent of the future will need courage and resilience to handle ambiguity, uncertainty and disruption. This will need individuals to take decisions fast, often with limited knowledge and understanding.
d) Connectivity : The future will be driven by technology and connectivity, which will make different form of value addition possible like gig economy. Connectivity also means constant being updated, which can help talent provided they are willing and able.
How is AI, robotics, automation affecting the employment scenario in India?
There are statistics that speak a loud about the growing unemployment in the country, so much so that highly qualified individuals are forced to take up meager jobs to make a livelihood.
To avoid any kind of social unrest, how more employment opportunities can be generated?
Encourage local entrepreneurship - instead of focusing on employment, can they set up micro enterprise which can focus on service needs in a collaborative environment. There are large areas of our country which are not yet penetrated by lot of services and products and industries are looking at collaborative models. Corporate and Govt. can back these enterprises' as a risk reduction strategy.
Is the current HR ecosystem ready to take on the challenges of a highly demanding and dynamic future workforce? How HR should evolve and upgrade its competencies to address this challenge?
- Create a digital culture.
- Leadership preparedness.
- Realign talent management.
- Focus on capabilities.
- Create a workforce which is agile and curious.
- Curate platforms and systems where value addition can come from diverse sources.
- Employee experience.
- Uphold values and be custodian of culture.
- Be proactive and use data analytics to predict.
- Focus on productivity and create hunger for performance.
PN As of now, there are lot of tasks being done by machines which were at some time in past, being done by humans. So this transition has already happened. In future, we will see more of this happening - with the added feature that - the machines will be more intelligent; have better memory and connectivity as compared to human. Work design should be such the strengths of both human and machine needs to be used - machine in cognitive intelligence and human in emotional, creative and coordination work. There is no point in getting human to compete with machine in an area/task that machines can do better. It is better that we use machines for what it does well and incorporate it as part of our work output.