SheWork.in actively participated in the event, emphasizing the evolving dynamics of the modern workplace. In the current business landscape, where competition for talent is intense, the focus is shifting towards optimizing workforce experiences. The ongoing changes in economic conditions, global labor markets, and skill requirements have sparked crucial discussions, prompting businesses to adapt to new norms.
Employees now prioritize compensation and benefits along with workplace flexibility, work-life balance, and career growth. Meanwhile, employers seek top talents with on-demand, future-ready skills to optimize cost and scalability. Amidst the challenges of economic fluctuations and uncertainties, enterprises must navigate complexities alongside their workforce.
Key to success in this new talent paradigm are primal HR capabilities, including talent mapping, skill analysis, culture and employee experience creation, pay innovations, and talent retention. Technology plays a central role, with enterprises exploring industry 4.0 tools like analytics, automation, cloud, advanced connectivity, and AI. The second edition of The Economic Times Future Forward delves into what lies ahead for employers in talent management, preparing them for the age of ‘Talent 5.0.’
