When operations are shifting weekly, how do we help people keep up?
One thing the Covid-19 crisis has revealed in terms of strategic human resource management is the essential role of human capital data in organisational agility. From determining who needs to be furloughed to reallocating human capital to fill critical resource gaps, the organisations that were able to pivot quickly were those equipped with robust data on who they’ve got and where; their core capabilities, limitations, and perhaps most importantly, their potential and ability to adapt. Armed with these insights, these organisations were able to respond rapidly and efficiently when it mattered most.
The challenge is human
Before the current crisis, the challenge was digital transformation. The shifts in technological change – which now seem slow in comparison to the wicked pace of COVID-19 – continue unabated. Your organisation’s ability to leverage the proliferating range of technology available and turn it into competitive advantage will be critical now, and all the more important when it comes to getting your organisation’s performance and productivity back on track.
But demands for skills in high growth areas such as cloud computing and AI continue to surpass supply, whilst the ability for any HRD to predict future resource needs becomes increasingly challenging due to the high level of uncertainty.
On top of this, while technology is transforming workplaces evermore rapidly, human capability is not adapting at the same pace [1]. Current approaches aren’t bringing about change fast enough – in Kiddy & Partners’ latest research, only 9% of organisations agreed that leaders’ attitudes and behaviours are changing at the rate that they would hope. As a result of this, almost a third of organisations are unsure that their employees have the skills required to achieve the current business strategy. Unless we adopt new strategies, the gap will continue to widen.