Indicators demonstrating the Arrival of Tomorrow's Labor landscape!
In the world where software is taking over, companies need to innovate and build winning teams to thrive. The future is now, and companies that adapt to the changing landscape of work will lead the pack. Here are six ways digital leaders are shaping the present to create a bright tomorrow:
1. Remote work is the norm, baby!
The best talent isn't always local. Break down those office barriers and let your team members work from anywhere, breaking free from location-based limitations. To make this work. adopt common processes, and embrace collaboration tools like Slack, Github, and Jira.
2. Hybrid teams are where it's at
Diversity fuels innovation, and in-house staff paired with top global experts is the ultimate mix. This shifts the traditional integration model by bringing in external experts to drive machine learning and predictive analytics initiatives, for instance. A global telco did just that and managed distributed teams like a Silicon Valley powerhouse, delivering AI-powered applications twice as fast as traditional in-house teams.
3. Elastic staffing is the new agile
Traditional fixed staffing models waste resources, making experimentation costly and reducing employee satisfaction. Embrace the elastic approach, which assigns resources only as needed, based on the workload for each project phase. Developer jobs can be filled after detailed design is complete, with technical architects working only part-time. Elastic Staffing can cut the time to deliver innovative products by half or more.
4. Embracing freelance freedom
Top talent wants freedom and flexibility, and it doesn't mean extensive organizational changes. Apply the Google 20% rule, where employees can choose their projects 20% of the time. This boosts morale, encourages skill-building, and reduces risk by allowing senior employees to peer-review deliverables from other projects.
Top freelancers, on the other hand, want stability and benefits without the 9-to-5 grind. Companies that learn how to work efficiently with freelancers will have dibs on the best talent. This involves managing distributed teams effectively, leveraging technology, and providing predictability and benefits for freelancers.
5. Leverage technology for objective evaluations
The time card calculator isn't just for tracking hours anymore. Modern collaborative platforms like Slack, Jira, and Github have open APIs, allowing for automated data collection about productivity and work quality. Tools like Pinpoint analyze this data to create "karma scores" that offer objective, trusted evaluations of skills, helping you build, manage, and grow your dream team.
6. Case studies to learn and grow
Companies like the global telco and a large digital agency are demonstrating the future of work today. By blending in-house staff and top global experts, they're accelerating innovation and delivering high-value projects more efficiently than ever before.
Welcome to the future of work! Embrace a culture of innovation, ditch tired organizational structures, and unlock a world of talent eager to collaborate and build the next big thing.
The article provided by Amanda Mosley, gigster.com, originally published on July 9, 2020.
To Stay Ahead in the Game:
- Encourage clear communication channels: Use collaborative tools, hold regular virtual meetings, and foster social interactions.
- Foster a supportive culture: Invest in your team's well-being, build camaraderie, and empower your team members to excel.
- Set clear expectations and boundaries: Implement flexible work arrangements, focus on performance metrics, and leverage technology to stay ahead.
- Drive innovation: Bring diverse teams together, allocate time for brainstorming, and embrace a continuous feedback loop.
By adopting these strategies, you can create a culture that supports both productivity and innovation in remote and hybrid teams.
In the evolving business landscape, Finance departments can leverage automation technology to objectively evaluate performance and manage resources more efficiently, driving productivity and innovation. By adopting tools like Pinpoint for data collection and analysis, and Spoke for finance automation, companies can streamline their financial processes, freeing up time for strategic decision-making and innovation in other areas of the business.
Moreover, the integration of technology in the finance sector can help companies build winning teams by attracting top technology talent, as the financial sector now offers the same benefits and opportunities as the tech industry. By adopting a tech-centric approach, companies can tap into the vast pool of tech-savvy professionals, shaping their finance teams with individuals skilled in automation, AI, and machine learning, thus ensuring a competitive edge in the market.
