The Role of HR in Building a Culture for being Future Ready
As employees need to learn fast and be allowed to fail during the pandemic, keeping the organization stable and evolving toward being future ready is a vital function of HR.
For decades, stability was considered as the most important dimension for organization’s success. Organisations built hierarchical structure and specialized processes by implementing the principles of scientific management (most powerful governance bodies at the top, skeletal structure is strong, but often rigid and slow moving), this helped many companies to outperform other organizations, and drew the best talent. This paradigm worked well for 70-80 years but is being challenged by:
- Quickly evolving environment
- Constant introduction of disruptive technology
- Accelerating digitization and democratization of information
- The new war for talent- creative knowledge- and learning-based tasks become more important, organizations need a distinctive value proposition to acquire—and retain—the best talent, which is often more diverse.
As we may not have all the answers on how to deal with this new challenge, it’s very important to create an atmosphere to let employees fail and learn fast; move the decision-making power away from the skeletal structures and closer to the responsibilities (more empowerment). The key challenge lies in making organization stable and prosper in this dynamic environment and the key to this lies in being agile and be able to adapt to constant changes, to maintain sustainability of growth and prosperity for the organization. We call this Giant-Start Up Culture, which focuses on best of both the worlds.
