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Businesses Are Getting Used to the Consistently Inconsistent Economy
There’s no light at the end of this tunnel, but at least we’re getting used to the dark.
See on blogs.hbr.org
Photocredi: Violet Kashi
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Deloitte’s Surveying the talent paradox from an employee perspective
The economic turbulence of the past few years has created a talent paradox: amid stubbornly high unemployment, employers still face challenges filling technical and skilled jobs. Employers now need to adjust their talent management initiatives to focus on retaining employees with critical skills who are at a high risk of departure and the capable leaders who can advance their companies amidst continuing global economic turbulence.
To help employers gain a better understanding of the latest employee attitudes and emerging talent trends, Deloitte Consulting LLP teamed with Forbes Insights to survey 560 employees across virtually every major industry and global region. Based on the results and Deloitte’s analysis of the talent market, three emerging challenges rose to the top:
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Structure follow strategy but the market is the common ….Oxford economics paper Global talent 2021
Photocredit: mountain wildflower by ~hypertech on deviantART
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Watching and listening: Race Against the Machine: A Conversation with Andrew McAfee (no typo)
Digital technologies are rapidly encroaching on skills that used to belong to humans alone. This phenomenon is broad and deep and has profound economic implications. Many of these implications are positive; digital innovation increases productivity, reduces prices, and grows the overall economic pie. But digital innovation has also changed how the economic pie is distributed, and here the news is not good for the median worker. As technology races ahead, it can leave many people behind. Workers whose skills have been mastered by computers have less to offer the job market and see their wages and prospects shrink. Entrepreneurial business models, new organizational structures, and different institutions are needed to ensure that the average worker is not left behind by cutting-edge machines.
McAfee brings together a range of statistics, examples, and arguments to show that technological progress is accelerating, and that this trend has deep consequences for skills, wages, and jobs. He makes the case that employment prospects are grim for many people today, not because technology has stagnated, but instead because we humans and our organizations aren’t keeping up.
Photocredit: 500px / Photo “chilled to the bone” by Thomas O’Hara
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- Andrew McAfee’s Blog – The Business Impact of IT (serve4impact.com)
Public services by design
Found at Public services by design | Public | Public.
Two years ago Michael Bichard, chair of the Design Council and former civil service mandarin, waxed lyrical about how design could drive innovation and sustainability in public services.
To be continued at http://www.guardianpublic.co.uk/pubic-services-design-frontline-innovation
Photocredit: Rick Elkins
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- Nick Marsh: A review of the Design Council | Policies | BIS (bis.gov.uk)
- Nick Marsh: Methods for financing social innovation #3 – Social Impact Bonds ” Sidekick Studios: A social innovation company (sidekickstudios.net)
Saul Kaplan’s Future of work
First sentence should be broadened. During any Labor Day one should reflect on the future of work. And then act accordingly.
It seems fitting during Labor Day week to reflect on the future of work. Today’s concept of work, employment, and jobs are an outgrowth of an industrial era that is long gone. The industrial era is not coming back and it is time to rethink the basic concept of work. Despite what politicians say most of the jobs lost in the current downturn aren’t coming back. Work takes on new meaning in the 21st century and it is time to change our conversation. The real wake-up call of this downturn is the enormous skill’s gap between the requirements of a 21st century economy and the skills and experience of the current workforce. Waving our hands and political rhetoric will not close the gap. Our education and workforce development systems must be transformed. Now. The nature of work and the way we think about jobs must change dramatically. Labor Day seems like a good day to start.
Here are 20 random thoughts on the future of work.
Photocredit: jasonrowe.
And click here for another view about the future of work (with appraisal for The power of pull)
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- Work Less & Get More Done This Summer (fredzimny.wordpress.com)
- Should Megatrends Influence Innovation Strategy? (business-strategy-innovation.com)
- The Art of Beginning for Improving Social Media Practice (bethkanter.org)
- The Evolving Social Organization (jarche.com)
- Give workers the right skills (timesunion.com)
- Amy B. Dean: Reviving Workers’ Rights in a New Economy (huffingtonpost.com)
Recommended: Dan Robles’ Few Predictions for the Innovation Economy
Found at A Few Predictions for the Innovation Economy.
Network will become the corporate structure of the future. They will spit out start-ups at an astonishing rate.
The “resume system” will be banished forever possibly earning the title of the cruelest human invention since the lobotomy.
The University System will be challenged – the relevance of the college degree will be questioned in an economy that favors unique combination of knowledge assets rather than everyone having the same “degree”.
Everyone will have visibility of supply and demand for knowledge assets meaning that employers and employees will have equal information about cost, availability, and demand.
To be continued at http://www.ingenesist.com/business-plans/a-few-predictions-for-the-innovation-economy.html
Photocredit: Charge Bikes – Juliet
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- Three Things Government Can Do to Boost Innovation (business-strategy-innovation.com)
- dan: Google CEO Warns of Information Armageddon (ingenesist.com)
- David Gurteen: Developing A Knowledge Strategy (David Skyrme) (skyrme.com)
- Tangential Innovation Communities (relationship-economy.com)
