Welcome to The Ledger where we sum up the latest finance and accounting news and trends for you. On this week’s entry, we’re diving into the topic of what the future of work looks like and how to navigate the new normal during uncertain times. Read on to learn how talent management is shaping the future of work, what the future of work looks like, how Gen Z is disrupting and adapting to the new work era, and how to embrace continuous learning to survive in the future of work.
How Talent Management Is Molding & Adapting to The Future Of Work
As Covid comes to a slow halt, companies are realizing what the pandemic has cost them in terms of their workforce. Most businesses have embraced the disruptions with ease, including implementing a new work-from-home policy. But the way organizations find, hire, and retain talent has been radically altered. Moreover, the pandemic has forced companies to face three long-term talent trends that have been brewing for well over a decade now: on-demand skills are almost non-existent, adopting and adjusting to uncertain times, and welcoming flexibility in the workplace. One response to the above challenges is to implement a flow-to-work model which pools resources and allows organizations to access the right skills when needed. But before companies make the leap towards this process, they need to ask themselves these four questions:
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What type of work would benefit from flexible deployment?
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What types of talent should be organized into pools?
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How should talent within each pool be deployed?
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What is the mechanism for making staff deployment decisions?
To explore more about how the flow-to-work model adds value to a business, especially in a post-covid era, read the full article on McKinsey.com.
What Does The Future Of Work Look Like
It’s the million-dollar question that employees and employers alike are asking themselves. In fact, most people are bummed that a return to the office has yet to happen. And according to Kevin Delaney, co-founder and CEO of Charter, “A lot of people thought they were going back to the office, thought their kids were going back to school and we’re seeing that’s pretty far from the experience…” However, now’s the time for businesses across all industries to seize the opportunity to change the way things were before the Covid outbreak and going forward in a post-pandemic world. So what exactly does the future of work look like? The Female Quotient recently hosted a one-day summit centered around creating a new workplace and here are some key takeaways:
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The modern workplace is actually not so modern after all.
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We need to normalize personal life benefits for all employees.
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Hybrid work is the only workplace model that provides the same equity opportunity.
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The new workplace has changed for the better.
To learn how to become more resilient and dynamic in a post-covid era, head over to Forbes.com to read the full article.
How Gen Z Is Disrupting The New Work Era
It’s hard to imagine that the earliest members of Generation Z began entering the workplace just five years ago. And just like most of us have been accustomed to this past year and half, the newest generation demands work flexibility. But unlike the previous generations who were familiar with the typical in-person 9 to 5 work schedule, Gen Z is breaking the mold and they have the right idea. Before Covid put the world into a frenzy, it was almost unheard of to have a fully remote workforce. However, thanks to the accelerated need for a virtual workforce, companies saw a 13 percent uptick in productivity and an increased culture of trust fostered between employers and employees. Overall, the pandemic has changed how we work for the better. Moreover, traditional working models are no longer fit for this century.
To read more about how Gen Z is altering the future of work, take a look at the full article on FastCompany.com.
Embracing Continuous Learning To Survive In The Future Of Work
In a world that is constantly changing, it’s vital that we learn to adapt. Sure, perfecting your craft is great in the grand scheme of things, but soft skills is where the rubber meets the road. And if you want to persist in a post-covid era, you need to develop a continuous learning mindset. Take a look at these 11 strategies to help you develop a habit of lifelong learning:
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Ask why. Question everything but be open to changing your mind.
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Learn to love challenges. Push yourself beyond your current limits.
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Embrace failure. Every mistake is an opportunity to learn.
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Practice mindfulness. Mindfulness can boost your mental agility, self-awareness, and more.
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School is only the beginning. Never stop seeking opportunities to learn.
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Be open to feedback. Feedback helps fuel personal development.
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Become a polymath. Develop a deep knowledge in multiple areas, not just one.
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Teaching brings mastery. Answering questions on a whim is the easiest way to test your knowledge and learn what you don’t know.
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Stay curious. Be present in conversations and open to learning from strangers.
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Prioritize process over goals. Focus on the process of learning instead of focusing on completing a class or certification.
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Give yourself the gift of grace. It’s okay if you don’t know something – embrace the challenge and begin the process of learning.
To explore more about adapting to the future of work, and how to grow personally and professionally by embracing lifelong learning, read the full article on Forbes.com.
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