Employment restructuring.pptx
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This document discusses the changing nature of work and employment restructuring. It notes trends like automation, outsourcing, and contingent work. It also discusses how employment restructuring involves virtual teams, reshaping skills, downsizing, and retraining. The goal is to welcome the new era and modify operations to improve business and eliminate financial harm.
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Employment restructuring.pptx
- 1. 11/27/2022 1 Dr. Ashutosh. V Employment Restructuring & Changing Nature of Work
- 2. 11/27/2022 2 Dr. Ashutosh. V Objectives • Changing Nature of Work • Employment Restructuring
- 3. 11/27/2022 3 Dr. Ashutosh. V Welcome to the New Era
- 4. 11/27/2022 4 Dr. Ashutosh. V Changing Nature of Work • Automation, Robotics & Artificial Intelligence • Technology & Blurred Boundaries • Outsourcing • Contingent & “Gig Workers”
- 5. 11/27/2022 5 Dr. Ashutosh. V Changing Nature of Work Part- time working Flexitime Employment Telecommuting Job Sharing Compressed Workweek Multiple Jobs
- 6. 11/27/2022 6 Dr. Ashutosh. V Restructuring “The type of corporate action taken when significantly modifying the debt, operations or structure of a company as a means of potentially eliminating financial harm and improving the business”.
- 7. 11/27/2022 7 Dr. Ashutosh. V Employment Restructuring • Virtual Networked Teams (VNT’s) • Reshaping the Skills at workplace • Downsizing • Retraining & Redesigning jobs
- 8. 11/27/2022 8 Dr. Ashutosh. V Virtual Networked Teams
- 9. 11/27/2022 9 Dr. Ashutosh. V Reshaping the skills at workplace
- 10. 11/27/2022 10 Dr. Ashutosh. V Redesigning the jobs & Retraining Revising the job content Analyze job related information Altering the job Elements Reformation of JD & Job Specification Reshuffling job related tasks & Duties
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- * Automation and Artificial Intelligence (AI) will affect every level of the business and its people. It’s too important an issue to leave to IT (or HR) alone. A depth of understanding and keen insight into the changing technology landscape is a must. Automation, robotics and AI are advancing quickly, dramatically changing the nature and number of jobs available. The advent of a jobless economy raises concern because tasks traditionally performed by humans are being—or are at risk of being—taken over by robots, especially those enabled with artificial intelligence. The number of robots operating worldwide is rising quickly. By 2019, 1.4 million new industrial robots will be in operation, raising the total to 2.6 million world wide.8 Robot density per worker in 2018 is the highest in Germany, Korea, and Singapore. Yet in all of these countries, despite the high prevalence of robots, the employment rate remains high. Yes, robots are replacing workers, but it is far from clear to what extent. Source : WDP 2019, ifr.org ( international federation of robotics) *Digital technologies allow firms to scale up or down quickly, blurring the boundaries of firms and challenging traditional production patterns. New business models—digital platform firms— are evolving from local start-ups to global behemoths, often with few employees or tangible assets. *gigworkers” typically land their jobs through online platforms and may never meet their “employer.” Gig workers can be highly skilled such as those placed through Upwork (www.upwork.com) or relatively low skilled (such as Uber drivers, and workers who take jobs through TaskRabbit.
- Business Development within Cap Gemini Group is organised by using VNT's. This can vary from developing a new service (e.g. for E-Commerce, Business Intelligence or Knowledge Management) to introducing global market units for a branch of industry. Also the introduction of smaller initiatives is often carried out by this new way of working. VNT's can only be effective if some face-to-face meetings have occurred, views exchanged and ideas generated. Without this, there will be no sense of purpose, no sense of striving to attain common goals, no willingness to share knowledge and a high risk of failure.
- * Conscious Monitoring and Control: This skill involves constant awareness to intercede, prevent a mishap, see an opportunity, or make an adjustment as appropriate. Hypothesizing: This skill involves looking for the background to a problem, for current conditions, or for a natural situation, and requires a “mental leap” forward to what already exists rather than something new. Creativity and Imagination: This requires mind activity in which new things are invented and can be employed in a business to dream up “new options, possibilities, variations, and solutions”. Social Skills: Include the ability to lead persons and teams, an ability to motivate people to achieve objectives, a capacity to listen effectively, possession of organizational abilities, translating a vision, and conveying enthusiasm in people interactions