Saturday, November 30, 2019

New Skills requirements are growing

new skills

Demand for new skills is growing. 

The new skills requirements are entering the job market. This new skills may cause disruptions and gaps in the job markets.  The new skills are tech-enabled, and the economy of small jobs and gig works has emerged. Employers are adopting new technologies for digital transformation. Workers opt for work flexible hours, most often to offer products and services through technology.  In a fast-moving economy, everything is now a matter of acquiring new skills or upgrading your skills. Not only freshers, employees who are having 20 or 30 years of experience are also looking for training in new skills.

Changing business landscape:

Due to digital transformation, companies consider that the future professions are in these sectors of new technologies.  Example: AI  (artificial intelligence) is being popularised and adopted in major industries. We have artificial intelligence-based new skills and jobs, some traditional jobs that are going to disappear. Repetitive jobs that will be replaced by bots that will be able to perform simple tasks  quickly. We need to reform, and we need new skills in the workforce.

Support Systems:

To build this skilled workforce, young people must move towards these sectors. You can call STEM at the global level, that is, all sciences - Science, Technology, Engineering, Mathematics and then move towards specific skills training in these new technologies. Evolving of science, technology and Industry require regular updating of knowledge. The desire to acquire new skills must be supported by an ecosystem of training providers and freelance trainers through relevant training programs. There are short courses, certifications, diplomas and degrees to meet the specific needs of Industry's digital transformation, not only supports the individuals and industries, but also directly contributing to the country's economic growth.

Thursday, November 28, 2019

Skills management - Act on time

skills management

No company has the means to lose its talents. Whether a small and medium organisation or larger, the flight of skills is not necessarily the result of poor performance or personal reasons of an employee, and it is also due to improper skills management, which, if not optimized, are wasted.

Talent and skills management is wide open; it is no longer just the elitist lot of pure geniuses. Expertise in the workplace is more like that set of skills and abilities that every employee has. Talent is a precious asset, especially since the role of each staff member of an SME is often crucial.

Here are some notable points that will help manage the talents of your company.

Act on time:

Some decisions sometimes have to be made quickly. Except that when it comes to the career management of an employee, it is difficult to rush things. You could miss out on an invaluable talent, even affecting an employee's mobilization.

Make sure you can act on time and diligently, without compromising the relationship with the employee. A definite human resources plan will enable you to perform quickly and efficiently without losing your overall vision.

Skills management is a team affair. In this respect, the small number of employees of an SME is in your favour: it will be easier for you to have access to both the manager and the employees. Take the time to discuss the company's vision and department with the manager. Establish together the direction his department will take and

Wednesday, November 20, 2019

Why One Shouldn’t Miss to Up-Skill

up skill

Skills are considered a vital commodity for professionals and one should never miss to up-skill because it provides an amazing opportunity to enhance your employability and boosting your confidence. The idea to learn new skills isn’t new because every professional or business leader wants to adapt to different situations while meeting the challenges with confidence.
Here’re some good reasons why one shouldn’t miss to up-skill:
·       Helps you to stay in line with the latest trends and demand –  

      The world of business is undergoing rapid changes driven by Big Data, Robotics and AI and you need to up your game in order to stay relevant in your industry. You need to understand the latest trends and demands and prepare yourself for the new challenges. 

·       Bigger Paycheck  

     Upskilling can actually help you rake in the moolah because your employer would realize your enhanced potential and increase your salary quickly. Industry data reveals that employees who enhance their existing skill set or learn new skills enjoy a higher salary. 

·       Enable smoother career Transition  
    If you’re planning to join a new company and that too in a new role then nothing can ensure a successful transition than learning new skills. Any course or program that helps you to enhance your work with the help of industry-based assignment will prove to be immensely beneficial.
 Upskill to improve your employability quotient while making you more industry relevant. 

Monday, November 11, 2019

How to Become a Leader in What You Do

to be a leader

Natural born leaders are a rare breed. Majority of the leaders take the responsibility of training themselves to inculcate leadership qualities. Irrespective of whether you’re trained by someone wise or learn from various personal experiences, you can always become an effective leader.
Here’s a list of 5 things that you can do to become a leader in what you do:
·       Always keep the promises  
     Never ever break your promises because nothing can harm your credibility more than unfulfilled expectations or breached promises. It’s important to make only the promises that you can keep. Commitment to your words will help in developing integrity and discipline. 

·       Power Dressing 

     Yes, leadership is reflected in your dressing. You need to dress in order to influence. You must dress according to your appearance, personality and professional position. 

·       Respect and treat your team wellRemember a leader is as good as his/her team. Give your team the respect it deserves and treat them well so that they do the same while serving your customers. 

·       Give immense importance to personal growth 

      Commitment to personal growth leads to the team’s growth. All this ultimately culminates into better service levels and operational efficiency. 

·       Frequently ask for feedback 
     Don’t wait until one of your teammates criticizes you. Instead go ahead ask for feedback from your teammates.
All the above things, if practiced properly, can make you a good leader in any field.

Sunday, November 10, 2019

Local Talent First when Recruiting

hiring local talent

Local – the word has a certain positive ring to it, which usually is a sign of quality. Even in this age of globalization, locally sourced anything comes with a seal of quality. More and more companies are investing in the local economies as well as talent pools. Thus, companies are following a policy of local talent first when recruiting. 
Here’s why the policy of hiring local talent can give your company an edge over your competitors:

·       Customers will definitely laud your organizations efforts  

     Customers prefer to transact with people from their own community. Your customers will actually thank you because right from the government to the local administrative bodies, everyone’s pushing for local and your organizations effort will never go unnoticed. Hiring local talent sends a clear message to your customers that you stand firmly with others in improving the local economy. 

·       Financial incentives  
     Local governments often incentivize companies for hiring local talent. Your organization too can avail such benefits by hiring local talent first.
Apart from just financial benefits for your organization, your company’s policy to hire local will give the local economy of your state a huge boost. Go local and experience quality like never before.

Saturday, November 9, 2019

Improve Skill Set to Support Digital Economy

digital skills gap

We’re witnessing an ever growing digital skills gap, which needs to be addressed at the earliest so that it doesn’t snowball into a bigger problem. The demand for digital skills is much higher than the available talent pool, even when the unemployment rate is extremely high around the world. Thus, urgent action is required in order to help young people improve skill set to support digital economy. 

Access to learning as well as employment opportunities can be improved through the following measures. 

·       STEM Style School Curriculum  

      High school students need to be provided with STEM programs focused on digital technology. Young students need to be offered the right learning platform to acquire digital skills, which would go a long way in bridging the digital gap. 

·       Diploma level education in digital technology –  
     You talent needs to be tapped while they’re still in school and colleges. Thus, the importance of diploma level education in computer basics and its practical implementation must to be included in the academic curriculum. This will not only improve their employability quotient but also support digital economy in a big way.
Supporting digital economy by readying the future workforce is the only way to close the digital gap and boost the economy.

Friday, November 8, 2019

Building Cultural Synergy in Workplace

cultural synergy

Every organization aims to succeed through collaboration among capable and talented employees. Effective teamwork is all about looking at the big picture wherein it’s the performance of the team that matters more than individual performances. Global workspace entails that the company must pursue cultural synergy in workplace with absolute seriousness. 

Here are some important tips to build cultural synergy at workplace:

·       Clarity –  

      All the team members, even if they’re from different countries, need to possess clarity about project objectives. Even though every team member would carry out different functions in pursuit of the same goal but their objectives also need to be the same in order to avoid conflict and chaos. It’s imperative that everyone is aware of their goals so it’s important for the company to define the goals of each team member. 

·       Communication – 
      Nothing can be more damaging to cultural synergy at workplace than lack of communication. All team members need to communicate with one another in order to understand what they need. It’s important that every team member finds a balance between being polite and direct. You have to be clear with your instructions and needs while understanding the stress or burden you’re placing on others.
Team members come with different interests, skills, abilities and temperaments, which can create confusion and hamper communication. Thus, building cultural synergy in workplace is challenging but commitment to your team will help you to iron out the differences quickly.

Thursday, November 7, 2019

Always Something New To Learn

Learning skills

In our zeal to succeed, we often forget that success is guaranteed through knowledge, which in turn can be acquired only through learning. In your pursuit for knowledge and new skills, you will always get something new to learn. In order to lead, you need to be well trained, competent, up to date in your domain and confident. Learning must be aligned with your job role and skill-set requirement. 

All good and efficient leaders need to demonstrate effective learning and development skills. Investing time, money and effort on learning will boost your moral, enhance your employability quotient and increase your credibility. With all these things in mind, here is a list of questions to consider prior to learning something new:

·       Why do you think you need to learn something new skills?
·       Does it match the skills requirements at your workplace?
·       Do professional bodies of your state accredit the institute or learning portal?
·       What is the pocket pinch?
·       How much time do you need to devote on a daily basis?
·       Is there facility for online classes?

You can’t afford to be stagnant because in this age of disruptive economy, it’s important to stay relevant by upgrading your skills. There’s always something new to learn in order to keep pushing yourself and exploring your capabilities.

Wednesday, November 6, 2019

High Trust and High Performance Culture in Work Place

high performance culture
If you wish to improve performance of your team then it’s imperative to build a culture of high trust. Research has revealed that trust helps in reducing social frictions and enhancing cooperative behavior among the team members. Team leaders/managers can easily create a high trust and high performance culture in workplace by sticking to some of the fundamentals. 

Culture can actually propel the growth rate and profit of your company as it influences the behavior of every team members and their interaction levels with their colleagues. This in turn influences the way all team members work towards creating a value for the company. Culture isn’t static and can actually be measured as well as improved like other existing business processes. Organizational trust is a vital part of culture and it has a direct impact on the team members’ willingness to push themselves beyond their set roles. 

Trust actually works like a lubricant that reduces social frictions, which makes it easier for team members to work with their colleagues while being more efficient and enjoying their work. It’s a well-known fact that when every team member works effectively as a team, the productivity as well as innovation level rises. 

You need to improve the trust factor in your business and if you’re able to measure as well as manage your organization’s high trust and high performance culture then it can actually enhance performance by quite a few notches.

Tuesday, November 5, 2019

How Future Workplace Will be Different

Future Workplaces

We often tend to wonder how the future workplace will look like and will we be still working in cubicles or something new would replace them. Well, these thoughts might provoke strange reactions but the rate at which our business environments are changing, the day is not far when humans and bots will work in collaboration with one another. 

The workplace of the future will be based on a unique digital ecosystem that would carry a sense of purpose and collaborative culture. The future workplace will not only empower but also inspire everyone to put up their best through smoother communication, improved collaboration and quick problem solving.  It will deepen engagement and boost productivity. 

Technology will play a critical role in shaping future workplaces wherein it will help companies attract the right talent, appeal to different generations of workforce and bridge the digital and physical workspaces. Integration of data into decision-making would lead to an efficient business environment. 

Future workplaces will provide the right digital platforms for both the human and digital employees to work side by side. Now, success in such a new model will need a holistic approach for facilitating digital transformation. If you wish to be a part of future workplace then you’ll have to constantly upgrade your skillset to stay relevant.


Saturday, November 2, 2019

How to Become Successful in Disruptive Economy

Image- Courtesy - WIKI

 “Disruption is here to stay”!

Disruptive economy gives rise to two different types of opportunities. First, the companies are able to redefine why and how they work. Second, the companies are able to adopt so that they are able to serve their employees better. The essence of disruption lies in the fact that companies are able to redefine their product or purpose along with the brand’s value proposition.

Disruption leads to eruption and if you too want to become successful in disruptive economy then here’re two things that you need to do:

•    Open innovation – In order to ensure future of work for the company, you will need to use the inflow and outflow of information to drive internal innovation. You’ll have to prepare the company to tap into tactics, trends, procedures followed by your competitors and find out what to train for. This will help you open up new business innovation windows and expand your business to new markets.

•     An eye for the intangible metrics – Financial and data figures are meant for the investors and consumers. However, if you really want to be successful in disruptive economy then you need to manage the intangible metrics associated with the human capital. You can manage the human capital through a forward thinking policy, which facilitates autonomy, transparency, effective leadership and collaboration.

Friday, November 1, 2019

Choosing New Skills – Challenges and Advantages

new skills

Humans have managed to outlive all other beings on earth by virtue of their undying curious nature. If you’re not curious about your surroundings and happenings then you’re as good as dead! 
Similarly, if you’re always trying to find and learn new skills then it proves that you’re alive and surely superior than your lazy contemporaries. However, while choosing new skills, you will certainly encounter several challenges but at the same time realize the advantages as well.
Challenges of choosing new skills
Working out of the comfort zone – 

 It’s one of the biggest challenges of learning new skills; you’ll need to come out of your comfort zone and perform. 

Time management – 

 Like everyone else, you too have 24 hrs to manage your personal as well as professional commitment, so time management can be a challenge. 

Fear of failure -  
You might be anxious about your performance and learning capacity; however, learning new skills is all about beating the fear of failure.
·      Fun Yes, learning new skills come with its share of fun, even if you’re learning something as drab as accounting. Real life case studies and practical applications can definitely make learning fun. 

·      Sense of pride and accomplishment – Acquiring new skills every now and then can boost your pride and instill a sense of accomplishment. 

·      Phenomenal Payoff – Apart from monetary payoff, learning skills can boost your confidence like nothing. There’re more reasons than one to learn new skills and enjoy their fruits at different points in time of your life.