Organizations are reinventing their business models in response to the extraordinary rate of change in technology. Technological progress has always had numerous, sometimes conflicting effects on human resources.

Exciting new career prospects, changing or eliminating roles — the nature of work and the workforce are being disrupted by technologies like artificial intelligence and automation. However, the specific talents that future workers need are still unclear.

Keeping up with trends

Companies must be proactive to ensure their workforce has the necessary skills by comprehending the abilities required to stay innovative and competitive. Then, they must comprehend the ideal methods for educating and preparing their current workforce and locating, attracting, and hiring future talent.

Upskilling

Business leaders and employees want to train better, retrain, and upskill. A recent PwC survey found that 74% of workers felt personally responsible for improving their abilities.

Resilience

How one responds to setbacks determines success or failure – in life and the workplace. The ability to recover is resilience, and resilient people maintain a laser-like concentration on long-term objectives and never waver in their belief in success. Resilience helps you deal with stress better and empowers you to face challenges and obstacles.

Agility

Learning to be nimble is crucial because yesterday’s solutions and work practices don’t work for today’s problems. Being agile is about changing directions and adapting to changes in your environment, your clients, or market trends.

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Collaboration

In a connected world, we are no longer expected to work only as individuals or in silos. Working well in a team has become important, and it is essential to exchange knowledge and contribute, making the most of varied viewpoints to achieve common goals.

Technology

Despite the occasionally paradoxical effects of technology on people’s work life, human drive and the need to learn, grow, and explore aren’t likely to change anytime soon. Technology and its directed use empower those abilities.

Adapting to the demands of an evolving workforce

HR leaders must consider the value brought by staff engaged in meaningful work as they examine potential organizational changes and business tool investments. Workday has enabled organizations to become more agile, more resilient against staff turnover, and better meet the needs of an evolving workforce.

Among the many customers it supports is NVIDIA. NVIDIA receives about 2,500 job applications daily. The company’s existing resources were inefficient in HR tasks, and many applications were sitting in individual inboxes waiting to be reviewed.

Using Workday’s mass operations management feature, NVIDIA can bulk assign up to 50,000 candidates at once to specific areas of the business. When it used to take days to complete these operations, NVIDIA now completes them overnight in just a few hours.

NVIDIA is also preparing to implement a ‘Skill Cloud’ using Workday, a global skills ontology that cleans, interprets, and connects data on jobs and skills. Candidates can use the Skills Cloud to create talent profiles that the business uses to identify strategic hiring needs and therefore fill skills gaps.

“The ability for [the] Skills Cloud to review a candidate’s experience and education and suggest roles for them speeds up the recruiting process,” says Brad Staresnick, HR technology architect at NVIDIA.

Besides NVIDIA, Workday also assists pharma company MSD in improving HR insights and employee experience. By connecting people’s abilities to positions, MSD extends usage to better all its HR objectives, including recruiting and planning compensation.

Workers have more opportunities to pursue hobbies, learn new skills, and cover temporary resource gaps. Managers test to determine whether a candidate is suitable for long-term employment and fill many roles internally.

Fancy checking out if Workday could help your business? Watch this demo video on how it can assist you in managing HR, talent, and performance all in one place:

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