This month, we saw the announcement of perhaps of large job cuts in Nordic region’s biggest bank. These announcements are expected to be made department by department at regular intervals in the coming years. The CEO of one of the largest financial services group predicts that the financial industry may have half as many workers a decade from now, as it adjusts to a digital revolution that will make several human functions redundant. Job cuts due to digital are not restricted only to financial services. The World Bank estimates that an average of 57 per cent of jobs in member countries of the Organization for Economic Co-operation and Development (OECD) are at risk because of automation. And yet, there is another side of the story. A side that indicates stark gap that exists between organizations’ requirements and employee proficiency for hard digital skills.
This edition focuses on the talent gap, and how enterprises and individuals can take ownership towards a happy ending for their respective side of the stories. This edition also carries an interview with Prof. MS Rao, who is considered the Father of Soft Leadership and author of over 37 books including the award winning ‘21 Success Sutras for CEOs’. Prof. Rao shares his views on what skills are going to be most relevant, the importance of soft-skill building and how enterprises should keep pace to engage the most relevant talent.
As the year comes to an end, the entire team of Illuminar sends you warm greetings for a happy new year! I’m reminded of Dalai Lama’s quote ‘Happiness is not something readymade. It comes from your own actions’. Wish you a happy 2018!
Have a lovely day!