This month’s letter from the editor…
Disruptive global forces such as the emergence of social networks, technological innovations and generational shifts have created a huge impact on the way people collaborate, communicate and work. The question is – how is this going to impact the talent needs of your business in the future? In this issue, we turned to experts such as SPRING Singapore, Cisco, Deloitte, Gartner and BCG to report the following three major themes –
- Reshaping workplaces
Workplaces today are evolving to become spaces where creativity, technology and talent integrate to promote productivity. As the lines between work and social become increasingly blurred, offices have undergone serious transformation. For instance, the concept of owning a ‘desk space’ within an office is slowly being replaced by hot desking (or, in countries such as Singapore and the US, no desks at all!). Meanwhile, employers have also realised that offering the right working environment is no longer sufficient to retain top talent, they have to focus on health benefits, additional amenities and the overall wellbeing of their employees. Moreover, with the millennial generation accounting for a large proportion of the global workplace, employers have to make a conscious shift to adapt to this fresh, new style of working; any employer that fails to meet the needs of this generation will no longer to be able survive.
- Working with robots
Technology has been another major driver in revolutionising the concept of a traditional workplace. Concepts such as artificial intelligence aren’t as far away into the future as you might think. In fact, countries such as China are already taking the lead with the modification of over 500 factories to include robots taking over work that would normally be accounted for by 300,000 employees!
- The SME advantage
As an SME, it is very natural to neglect the development of your workplace in order to address higher priorities such as cashflow, sales, marketing and so on. But, the reality is that employees are the most valuable asset for an SME. Experts emphasise the importance of building strong HR capabilities; this is one area which can enable you to compete against larger more established companies.
Enjoy reading this issue of SME Advisor!
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Rushika Bhatia Editor
Rushika Bhatia is one of the region’s leading commentators on business and current affairs issues. She is the Editor of SME Advisor magazine - the flagship title of CPI Business. She is passionate about infographics – with special emphasis on data, research and statistics. Rushika has a Bachelor’s Degree from Indiana University, USA and is also CIMA qualified.