Lord Holmes spoke eloquently on Wednesday at Tipping Point about the opportunity the 4th Industrial Revolution represents to British business.
But some of you are going to miss it because many businesses are working harder to take your talent, than you are working to keep it!
Humans are programmed to survive, so no matter how much AI, machine learning, robotics and everything else making the headlines affects people and business; humans will innovate, find a way, and progress. The one constant that will determine whether your business thrives or dives, is your people!
Therefore, you absolutely must keep your critical employees, and add to them, to take advantage of today’s ever evolving world of work! You also must embrace diversity to ensure you have the full range of perspectives, experience and differences in thinking, to exploit the pace of change, innovation and automation.
The world is awash with examples of recruiting excellence with the most advanced employer brand, attraction, selection and onboarding strategies, all designed to take your best people away from you!
And some companies are truly diverse which means they bake difference into every challenge and solution, which will naturally attract people with the brilliance their difference gives them.
These coincide with practices in other businesses that play into the hands of talent competitors, namely, restricting earnings, heaping on pressure, poor communication and treatment, sub-optimal supervision and management, inequality, poor working conditions and no consistent purpose and cause. Basically a sub-optimal employment ecosystem.
There are three types of businesses:
- Those that say people are their most important asset but don’t treat them as such.
- Those that say people are their most important asset, want to treat them all as such, but due to a lack of consistent governance, they don’t achieve it.
- Those that say people are their most important asset, and treat everyone as such.
You should know which type of business you are and which type of business you want to be.
You should know if you have an optimal resourcing strategy.
You should know if you have an optimal approach to diversity, inclusion and belonging.
You should know if you have created the perfect employment ecosystem aligned to achieving the business plan and retaining your critical talent.
If you score positively in each of the above you will thrive and capitalise from the 4th Industrial Revolution.
If you have any doubt whatsoever, please contact me, for an open and honest conversation and appraisal.
It would be a delight to support you to seize the opportunity the 4th Industrial Revolution brings.