Thursday, Feb 27 2020 | Time 17:29 Hrs(IST)
image
  • Police constable suspended for kicking suicide victim’s father
  • Day chill revisits Kashmir; Rain, snow predicted from Friday
  • Inclusive sanitation as part of urban agenda can’t be ignored to achieve 5 trillion dollars economy: Puri
  • Govt shops accused of selling liquor to selected companies without permits
  • Number of COVID-19 cases in Switzerland reaches four
  • Confer Auroville ‘University of Peace’ status: Prof Swaminathan
  • Well settled process followed in Justice Muralidhar's transfer: Law minister
  • Army Commander presents bravery awards to soldiers at Investiture Ceremony
  • Aravali Hills: Selja writes letter to Haryana CM
  • SIAM proposes to set up South Asian Automotive Forum
  • Sixth Coast Guard OPV 'Yard 45006' launched
  • Delhi violence: Board exam postponed for Feb 28, 29
  • Delhi violence: CBSE asks for details of affected students from schools
  • OIC condemns Delhi violence
  • Srinagar to have more flea markets, Mayor seeks registration of street vendors
States » East


Need reskilling and non-traditional talent nurturing in a culture of lifelong learning – Finds new global research from Infosys

Kolkata, Sep 12 (UNI) Infosys Knowledge Institute (IKI), the thought leadership and research arm of Infosys, today unveiled market research titled ‘Infosys Talent Radar 2019.’
The report revealed several insightful findings, most importantly about the talent famine, skills in high demand, the rising importance of soft skills and the barriers to talent transformation across global enterprises.

According to the research, although nearly all large enterprises are pursuing improvement initiatives, digitizing the business is less about disruption and more about meeting focused objectives which include better understanding of customers and markets (46% of respondents), customer experience (45%), increasing productivity (40%), and employee experience (35%).

Digital initiatives require people with sophisticated technical skills and the ability to continually update those skills as cycles continue to shorten. The five technical skills in greatest demand today are analytics (67% of digital initiatives), user experience (67%), automation (61%), IT architecture (59%) and artificial intelligence (58%).
Digital projects are focused on creating superior customer and employee experiences, and soft skills have become just as important as technical ones. Those in greatest demand are teamwork (74% of digital initiatives), leadership (70%), and communication (68%). However, our respondents seem to underestimate the relative importance of two soft skills: empathy (52%), which is essential for design thinking, and learnability (56%), which is key to the continuous personal and technical development essential for today’s digital talent.
For both hard and soft skills, the capabilities hardest to find and in greatest demand are analytics, communication, and adaptability. However, the skills companies need most vary by industry and the types of digital initiatives they are pursuing.

Digital initiatives require skills that can and will evolve. Organizational processes and culture determine the readiness to meet any talent need.
Infosys analyzed five key areas on how well respondent companies were positioned to meet their talent needs – Planning, Hiring, Training, Incentives, and Workplace.

From their responses to questions in each of these five areas, Infosys developed a Talent Readiness Index.
The research team sorted companies by their index score, and three distinct clusters emerged — Followers, Challengers and Leaders.
Followers have fewer approaches to develop talent and don’t measure their results or effectiveness.
Although challengers invest heavily in anywhere, anytime training, they still rely on traditional sources for talent acquisition.
Leaders build lifelong learning culture and use it to retain top talent. They pursue multiple talent approaches and initiatives to not only meet current needs but also be well prepared for future talent demands. They are frontrunners in providing training programs and inculcating a lifelong learning tradition and have rigorous hiring methods and don’t compromise on quality of hires; however, they are also open to nontraditional sources. They also aggressively work toward sustainably smarter workplaces.

Infosys looked at two perspectives on the barriers that prevent sufficient demand-supply match of talent — tangible and intangible barriers to talent transformation.
Among the tangible barriers, lack of budget is the biggest barrier to repurposing efforts, followed by organizational issues, lack of management awareness or support, and inadequate talent management plans.
Among the intangible barriers, learnability received short shrift in the research, and it limits the tremendous potential of reskilling as a competitive advantage for companies that embrace learnability. Undervaluing learnability limits potential of other talent initiatives.

Infosys identified four approaches that can help companies prepare themselves to address the talent needs of today and prepare for those of the future.
For each approach, leader and follower categories have been designated to describe good practices and actionable recommendations. These recommendations include, casting a wider net for new hires,
reskilling and redeploy in-house talent engage temporary workers and gig economy strategically
align organizational structure to evolving business needs

Pravin Rao, Chief Operating Officer, Infosys, said, “There is not just a talent war – it’s a famine. To succeed, companies must hire, develop, and retain talent better than their competition. As enterprises progress in their digital journeys, the winners will be those who utilize multiple hiring sources and reskill workers in a culture of lifelong learning – invest in their people, who are the ultimate differentiator in a commoditized world. This is further validation of Infosys’ commitment to continuous learning and reskilling that has been a bedrock of our success for over three decades.”
In July 2019, the Infosys Knowledge Institute conducted an online survey using a blind format, attracting responses from more than 1,000 CXOs and other senior-level respondents from companies with revenue greater than US$1 billion. Respondents represented multiple industries and were from Australia, China, France, Germany, India, the United Kingdom and the United States.
To gain additional qualitative insights, we also conducted primary interviews with 20 industry practitioners and subject matter experts.
UNI SJC AND
More News

Hulladek Honours 2020 Awards to be held in Kolkata

27 Feb 2020 | 4:15 PM

Kolkata, Feb 27 (UNI) Kolkata to witness first Hulladek Honours 2020 Award Ceremony for supporting the cause of environmental sustainability.

see more..

Ancient Buddhist Caves handed over to a Cement Company in Odisha- Anil Dhir

27 Feb 2020 | 3:55 PM

Bhubaneswar, Feb 27 (UNI) The historic Asura Vihara Gumphas near Choudwar, an ancient archaeological site having three rock cut caves, have been handed over to a Cement company by the Odisha government.

see more..

SDC plays a crucial role in promotion, preservation of tribal culture, heritage- Naveen

27 Feb 2020 | 3:39 PM

Bhubaneswar, Feb 27 (UNI) The Special Development Councils (SDC) set up by the government have been playing a crucial role in the preservation and promotion of tribal culture and heritage, Chief Minister Naveen Patnaik said.

see more..

Bihar Assembly Adjourned twice following ruckus by the RJD

27 Feb 2020 | 3:34 PM

Patna , Feb 27 (UNI) Bihar assembly was adjourned twice during the pre-lunch session following ruckus by the Rashtriya Janata Dal (RJD) members visibly agitated over the comments passed by the Ministers in the state government from Bhartiya Janata Party (BJP).

see more..

Western Digital strengthens channel partner initiatives in India

27 Feb 2020 | 2:31 PM

Kolkata, Feb 27 (UNI) Western Digital, a leading data infrastructure company,
continues to strengthen initiatives for its channel partners in India to help them
expand their operations and fortify their success.

see more..
image