by Analytics Insight
August 1, 2021
The new advancing trends like artificial intelligence, machine learning, robotics, and other cutting-edge technologies are transforming the way of work changing the profile of the workforce. Since technology becomes more horizontal that affects every industry vertically, the workplace evolves in lockstep. The future of work is dependent heavily on technology. The leaders of today need to inculcate the right skills to help organizations maintain a sense of competitiveness, in aspects of upskilling as well as initiating mentoring for the betterment of the teams.
With several benefits, technology has also impacted the staff as every robot took over 1,000 workers, thereby reducing the employment rate. According to the report, Robots and Jobs estimate that nearly 400,000 jobs would be lost as evidence from U.S Labour Markets.
The World Economic Forum also expects that technological innovations in the workplace will likely eliminate nearly 85million jobs across the globe by 2025. On the other side, technologies are also capable of generating 97million jobs with new and diverse skill sets.
How can the Workforce go Hand in Hand with Technology?
Hiring a diverse skilled workforce comes with cause and effect since productivity has not kept pace with technological innovations. To catch up to this speed, upskilling and adopting innovations through leadership is the only way. Leaders should start focusing more on where and how employees can get work done at a faster pace than on the results and accountability. Most of today’s roles must be designed keeping in mind the future.
Although this transformation is not easy, it is not impossible either.The leader needs to standstill throughout this transition. Since repetitive tasks can be taken over by technologies, employers need people with strong technical skills across various streams such as artificial intelligence, machine learning, data science, analytics, and cloud computing. Teams should be given priority when it comes to more value-generating tasks as technology cannot make decisions on its own. In such a case, critical thinking skills are essential for leaders as well as for teams.
What Kind of Leadership is Needed?
Technology evolves on a daily basis and so organizations should constantly adapt to the cutting edge and bleeding edge to stay in the market. This requires agile leadership, and companies need the right leadership structure in place to allow for this evolution.
What do you think? Does the hierarchical strategy work here? The answer is no. The hierarchical strategy may not be the right approach here. Rather pick up selected people from the company and train them with management responsibilities that can be spread across the organization. Leadership models should be capable of capturing the new path forward in this digital era.
Large teams are not quick moving as that of the small teams that are easy to reassemble to move to new projects and challenges. This model is more product, customer, and service dependent and can help bridge the gap between technology and productivity. But to form teams requires a clear understanding of the various skillset, scorecards, and purposes.
The company’s resources need to change for a growth mindset that can ultimately drive the leaders to strategize things along with the latest trends and innovations. The companies and organizations should be able to dislocate themselves before their competitor does.
It is vital for leaders to be strong advocates for their teams so that individuals and the team as a whole can achieve their set goals. The leader needs to equip the team with the right resources and direction, understanding the strengths and weaknesses to coordinate effectively. This can be of great help in providing training or additional staff with the right skillset.
In the current scenario, communication skills are imperative. The team members need to receive constant feedback so that they can adjust goals moving ahead. More frequent communication means more transparency, which is the foremost key in developing teams.
To the Leaders of the Future
The leaders of the future need to be able to provide a clear direction and strategy to staff. They should be capable enough to influence and guide people. Leaders outgrow when they have followers rather than the transitional model where leaders are promoted regardless of the following. It is wise to be mindful of the strategies and technologies being adopted by the leader for the future of the organization.
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