Today’s business world is operating in a highly dynamic and fast-paced environment called the VUCA World. The acronym stands for Volatility, Uncertainty, Complexity and Ambiguity. This complex flux can be attributed to geographic,economic, political, demographic, technology and many other paradigm shifts happening across various industries.
Today’s operating model is changing rapidly with projects becoming more agile-centric, people working as a network of teams, and organizations experimenting with user-driven practices like continuous ongoing feedback, net promoter scores (NPS), cross-functional collaboration, working in iterative cycles, and so on.
It is imperative to note that Human Capital / HR function is an integral part of today’s turbulent business landscape.HR function is transitioning from administrative& operational function to more strategic, agile and people engagement function. HR professionals and practitioners need to maximize business agility, sustainability and competitive advantage by opting for our Agile HR Solutions to seamlessly orchestrating the right individual competencies, work processes, and organization capabilities.
Traditional recruitment and hiring practices are becoming strategic, proactive and agile. Talent acquisition team need to prioritize requisitions, use growth-hacking techniques to source and assess talent, use visual boards to foster transparency, operate as collaborative partners and retrospect for continuous improvement.
Many companies are adopting agile methodologies to manage their projects – shorter cycle projects and multiple managers. Hence, annual performance appraisal management is no more relevant and companies need to adopt an ongoing and iterative performance feedback cycle.
Learning & Development (L&D) is becoming agile and learning in sprints is becoming a norm. Curated content, online/video learning, design thinking principles and data analytics are being used to foster microlearning and learning agility.
Deloitte Human Capital Trends Report 2018 highlights the importance of transitioning from conventional standardized rewards to a more personalized and agile rewards. Research by Globoforce explicates that employees who receive regular small rewards are eight (8) times more engaged than employees who receive annual raises.
Today’s business era is highly unpredictable, and organizations need to be designed for agility, cross-collaboration and adaptability. Its imperative for organizations to transition from traditional command-and-control culture to a coaching culture. Research explicates the importance of coaching culture as it is highly correlated with employee engagement and organization’s performance. .