Viewing Posts by Kavitha Gunasekaran
The 21st century has redefined several aspects of our lives – both personal and professional. On the professional front, the exponential technological growth and disruptions have completely changed the business landscape. Not only has it changed the way businesses are held these days, but also the place in which the business itself takes place – the Workplace.
The change has pervaded all facets of today’s workplace including its very own structure. Slowly disappearing from the landscape are the exclusive buildings for companies and corner offices for senior executives, welcoming the culture of co-working shared office spaces, mostly with different start ups sharing the same office space. The top co-working companies like Regus, We Work, Knotel are driving the creation of ecosystems that bring together different organizations and startups and create increased opportunities for mentoring, collaboration and entrepreneurial innovation.
The workplace today is very dynamic influenced by the volatility of the business landscape. In these testing times, businesses are making their best attempts to not only sustain their market visibility, but also thrive in uncertain waters. The biggest concern facing companies today is a disengaged workforce. The need to be proactive as well as competitive has also led to new-age businesses coming up, that have re-defined the rules of business and the workspace.
What businesses are facing today, is a workforce comprising of employees spanning across three generations – Gen X, Gen Y and Gen Z. The dynamics of such a diverse workforce is definitely the most important thing to be factored in, while taking measures to improve productivity and scaling up of businesses. Given the distinct times from which the people have started their careers, given their priorities from loyalty towards the organization to work-life balance to craving instant recognition, a well thought out HR strategy is required to be adopted as well as project managers are to be sensitized in order to engage all of the personnel equally without leaving out any of them. A one size fits all approach will never succeed in identifying high-performing individuals or potential leaders to lead new projects or take up higher roles. This fallacy is true for our education system as well as for any type of performance evaluation for that matter.
How to combat the changing dynamics of the workplace of the 21st century:
Hence, all organizations, including the traditional hierarchical organizations that still continue to carry out business as earlier, have the pressing need to analyse their policies concerning the workspace, the workforce, upskilling and empowering managers and have a relook to update themselves to changing times.