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Global workforce on the verge of upheaval: Boston Consulting Group

Admin| Apr 01, 2017 - 12:29 AM

Global workforce on the verge of upheaval: Boston Consulting Group

Workforce dynamics are undergoing worldwide upheaval. Rapidly evolving technologies, business models, demographics, and workplace attitudes are triggering a tidal wave of change, according to a report by The Boston Consulting Group. The report titled Twelve Forces That Will Radically Change How Organisations Work is the first in a series on the New New Way of Working. 

BCG looked at 60 major trends, grouping them into 12 primary forces that affect both the demand for and the supp......

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Automation's impact will be grave, 4 out of 10 jobs to go: Experts

Admin| Mar 27, 2017 - 12:59 AM

Automation's impact will be grave, 4 out of 10 jobs to go: Experts

NEW DELHI: Automation is the new norm across sectors and will affect the bottom of the pyramid so much so that four out of every 10 jobs globally would be lost due to this by 2021, experts say. 

Automation is the new normal in sectors like engineering, manufacturing, automobiles, IT and banking. As automation adoption increases, all high transaction and labour intensive jobs will take a hit. 

According to PeopleStrong CEO and Founder Pankaj Bansal, there will be a visible change in t......

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Five ways to create effective feedback mechanism

Admin| Mar 17, 2017 - 12:11 AM

Five ways to create effective feedback mechanism

An effective feedback system in any organisation is the one that enables two-way free communication. There have been many instances in the past where organisations have been able to find solutions using this feedback mechanism. ET offers some tips to build an effective feedback mechanism. 

1. Go Anonymous 
"Use an anonymous feedback platform where employees can anonymously ask questions," says Kevin Freitas, HR director at InMobi. This creates a comfort level among employees to be abl......

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Jobs may be harder to come by on global slowdown, automation

Admin| Mar 14, 2017 - 01:06 AM

Jobs may be harder to come by on global slowdown, automation

MUMBAI: Opportunities for job seekers in the country are expected to be less bright in the April-June quarter than they were a year ago as Indian companies grapple with increasing technology automation, global business uncertainties, and a scarcity of talent for niche skills. 

Only 19% of the 4,389 Indian employers participating in the ManpowerGroup Employment Outlook Survey Q2 2017 said they planned to increase staffing. About 1% planned to decrease and 68% expected no change, resulting i......

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What if a robot took away your job? Seven survival tips to stay relevant

Admin| Feb 22, 2017 - 11:31 PM

What if a robot took away your job? Seven survival tips to stay relevant

Have automation and mergers forced you to have a rethink about your career prospects? If this is still not ringing a bell, then it is time you wake up and smell the coffee! Consulting firm Capgemini India says a majority of India’s IT workforce cannot imbibe the required emerging skill­sets, and warns of high job losses in middle and senior levels. So if robots are really coming for your job, do you have fallback option?

Here are a few points you should keep in mind.

1. Slash expense......

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89 percent people positive about benefits of automation in workplace

Admin| Feb 19, 2017 - 11:03 PM

89 percent people positive about benefits of automation in workplace

New Delhi: Adobe released the findings of its Digital Insights report into the Future of Work (FOW), revealing that people are open to man and machine collaboration for work benefits. Based on over 3 million FOW related social mentions across several digital platforms including Twitter, news, blogs and forums from 2016 to 2017, the “Future of Work” report concludes that contrary to popular belief, 89% of people are positive about the role robots can play in helping them in the w......

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‘47 Percent modern day jobs will be claimed by automation by 2033’

Admin| Feb 06, 2017 - 11:31 PM

‘47 Percent modern day jobs will be claimed by automation by 2033’

NEW DELHI: A University of Oxford study has revealed that by the year 2033, as many as 47 per cent of modern day job roles could be claimed by automation. Take for instance the hospitality industry, it will experience or be exposed to technological advances in four areas in 2017.

The first and the foremost is the use of Geo­targeting and Beacons. Geo­technology provides filtered, location­based information from services or devices such as Snapchat or iPhone. With the help of GP......

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Tata Motors shrinking structure of its white collar workforce

Admin| Jan 23, 2017 - 11:04 PM

Tata Motors shrinking structure of its white collar workforce

MUMBAI: Tata Motors is shrinking structure of its white­-collar workforce to five layers from the existing 14, in what is seen as the biggest organisational restructuring in the company’s history.

Some job losses were envisaged as part of changes, but a decision has yet to be taken, people in the know said. The new structure will take effect on April 1 and is aimed at cutting down time the nation’s largest automobile company by revenue takes to react to market dynamics. The......

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Instead of immigrants, automation may take away more jobs

Admin| Jan 16, 2017 - 10:38 PM

Instead of immigrants, automation may take away more jobs

PARIS: Donald Trump has been crowing as companies including Ford renounce plans to move factories to Mexico. But the main beneficiaries of this shift back to the US aren’t saying much by way of celebration ­ industrial robots don’t tend to speak.

While globalisation’s detractors blame countries such as China and Mexico for stealing the factory jobs of the West, experts point to less obvious culprits which are harder to scapegoat and to overcome in an interconnected ec......

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'Employers in India likely to trim head count on automation'

Admin| Jan 16, 2017 - 10:14 PM

'Employers in India likely to trim head count on automation'

More than a quarter of employers in India are expected to reduce their headcount on account of automation, which is expected to impact majority of companies worldwide, says a report.

In a report released today, leading HR consultancy ManpowerGroup said new technologies would require increasingly specialist skills for people and organisations.

"Over a quarter of employers in India expect to reduce headcount," the report said, adding that Bulgaria, Slovakia and Slovenia are close behind.

The f......

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