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Talent Trending

There is a feeling among several commentators that freelance working may just be a temporary shift. However, talent management professionals need to get over this mentality, as this trend is sure to stay. In the wake of the current pandemic, USA has seen about forty- eight million people register for unemployment insurance. This has even included Uber drivers, who are technically listed among essential workers. The stay- at- home trend means, that there is much lesser a demand for ride hailing. Gig workers have traditionally been kept out of employment benefits. Even Uber drivers have been listed as independent contractors, rather than as full- time employees. The Pandemic Unemployment Allowance will come as some relief to the same workers. This faulty system of listing the drivers as independent contractors enables the likes of Uber and Lyft to save millions of dollars’ worth of employment taxes. Mass unemployment is what experts are trying to figure out a solution for, not misclassification. Demand for sub- contracted or gig employees will only increase in this pandemic, as has been the trend for all such economic crises in the past.

Source:https://hbr.org/2020/07/gig-workers-are-here-to-stay-its-time-to-give-them-benefits?utm_medium=email&utm_source=newsletter_daily&utm_campaign=dailyalert_not_activesubs&deliveryName=DM86926

Uploaded Date:04 August 2020

The art of thinking for oneself needs to be revived. Vikram Mansharami, who is a trend analyst feels that complex decisions must never be made in a vacuum, but post due consideration with business consulting experts. However, the ultra- reliance needs to go. He also feels that today’s management profession is staffed with several super- specialists. These professionals may be really good at their tasks, but come unstuck when some new challenges come up. That is why Mansharami advocates for the presence of more generalists. He also feels that the latter breed of pros understand corporate strategy better, as they can view the broader aspects of business, beyond their own little expert niches.

Source:https://hbr.org/podcast/2020/06/the-lost-art-of-thinking-for-yourself?utm_medium=email&utm_source=newsletter_daily&utm_campaign=dailyalert_not_activesubs&deliveryName=DM84772

Uploaded Date:17 July 2020

The present work culture is one where professionals need to be ‘turned on’ at all times. Due to the proliferation of digital gadgets, employees are expected to be hooked on to work, or at least be connected beyond the usual working hours. The concept of remote working or work- from- home, does not help either, with policies quite ad- hoc. It has been observed how different personality types cope up in different ways to this new reality. Personality can be assessed on how the employees deal with the external world, on the basis of experience, their talent management abilities or in how they see the perceived logic. Some strategies too have been identified for coping with this situation. One is to ensure some space and time, where one can simply ‘switch- off’. Another is where information overload can be managed. Employees need to understand how to track relevant business intelligence, so that every small bit of data, does not bother them. The right boundaries need to be in place so that the human thinking preferences can be maintained. A work and life balance needs to be found that can suit them.

Source:https://hbr.org/2020/06/how-different-personality-types-cope-with-an-always-on-culture?utm_medium=email&utm_source=newsletter_weekly&utm_campaign=weeklyhotlist_not_activesubs&deliveryName=DM86084

Uploaded Date:17 July 2020

People from different sectors, and with varying degrees of expertise have been trying to predict how the post- COVID- 19 world will appear like for the workforce. Through the broad estimates, four scenarios have emerged. The first is the possibility of there being digital enclaves. This is a situation where the economy has come back alive, but trust issues still remain between countries. This mars the social integration among people. Another is where the entire humanity now gets tech- powered. Under this situation, the world economy has recovered, and human interaction has not declined, but instead gone up. This is because people have realized the importance of social interactions. The third scenario is much scarier. In this, there is a prolonged economic recession worldwide. This has resulted in deepening of fissures between people, cultures and organizations. The fourth scenario gives us all hope. It is where talent recruitment hasn’t declined much in spite of the economic chaos reigning in. This is so because the civil society pulls together. Now, families, NGOs and communities battle on to support one another.

Source:https://knowledge.wharton.upenn.edu/article/planning-post-covid-19-workforce-four-scenarios/

.Uploaded Date:09 June 2020

Remote working has been a rising trend over the past few years. For a lot of professionals, this actually meant taking work home, in addition to the grind of regular office anyway. However, now with the onset of the COVID- 19 pandemic, remote working has risen many fold. This has led to certain challenges on the mental health side. Due to the omnipresence of digital gadgets like phones and laptops, employees are made to experience an “always- on” feeling. To ensure that this does not lead to a future mental health pandemic, companies need to devise sound and empathetic talent management systems. Employees too need to work on building their willpower to stay strong at such times. Likewise boundaries too need to be erected which have to be stuck by. The communication, both internal as well as external, needs to be deliberate and direct.

Source:https://hbr.org/2020/05/how-to-cope-with-that-always-on-feeling?utm_medium=email&utm_source=newsletter_daily&utm_campaign=dailyalert_not_activesubs&referral=00563&deliveryName=DM81229

Uploaded Date:25 May 2020

It has been observed over time, that successful people aren’t necessarily happier than the others. This has also been noticed among students, where a similar comparison could be between the meritorious candidates, versus the rest. Top psychologist and talent management expert Laurie Santos, who is a trainer at Yale University, wanted to understand the crux of why this was happening. So, she launched a new programme titled “Psychology and Good Life”. This course was a grand success, where about a fourth of the top performers at Yale, enrolled for. A lot of this non- happiness could be traced to the overarching societal presence now of social media, through which people tend to judge themselves by comparing with others. Business intelligence shared by a You Gov poll confirmed how nearly a third of all millennials are unhappy. This clearly puts to rest the theory that depression is merely age- related. The human brain can also be ‘dishonest’ to the persons. Happiness and mindfulness too may be related, but aren’t the same. Some companies have made efforts to curate a work culture, that promotes employees’ happiness. The available metrics to measure happiness though may not really be accurate.

Source:https://www.strategy-business.com/article/Why-arent-successful-people-happier?gko=304af

Uploaded Date:20 May 2020

Business leaders will need to find innovative solutions on how to lead their teams in the post- pandemic world. Companies will need to consider the requirements of its employees thoroughly. Several of the business leaders have started ways to mitigate the crisis over a series of phases. The first of these is the shelter- in- place one. An empathetic touch to the talent management systems is now needed. That may explain how countries with female leaders are tackling the present global pandemic much better. This includes the countries such as Finland, New Zealand, Germany Denmark, Iceland and Norway. The next phase will be that of re- opening. This is when physical distancing norms will truly need to be incorporated. Then will arrive the post- COVID- 19 phase. Now, risks will be paramount, but may be necessary to ease the economies back.

Source:https://hbr.org/2020/05/lead-your-team-into-a-post-pandemic-world?utm_medium=email&utm_source=newsletter_daily&utm_campaign=dailyalert_not_activesubs&referral=00563&deliveryName=DM79741

Uploaded Date:20 May 2020

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