Internal AI tools such as personalised learning platforms tailored to individual preferences and virtual assistants tasked with automating routine administrative tasks signify a significant shift in how organisations cultivate talent and enhance operational efficiency.
We've partnered with educators to create AI and Generative AI courses, aiming for 100% literacy in Generative AI by FY25, with 50% already certified," said Balaji Kumar.
Apart from prioritising sustainable growth, startups have the opportunity to investigate alternative methods for managing cash flow during challenging times, such as pursuing barter arrangements, suggested Gaurav Kumar.
Recognition generally entails acknowledging accomplishments and performance results, whereas appreciation extends further by recognising an individual's inherent value and their contributions to the organisational culture.
Companies now understand that besides the legal agreement, they also maintain a psychological contract with their employees. Layoffs or severance actions can violate this contract, eroding trust and loyalty among employees, as noted by Pranay Prakash.
The HR Head at SMAAASH emphasised how addressing workplace conflicts is the most critical aspect of fostering a productive and positive working environment.
Leaders must acknowledge the interconnection of technological adoption, engagement, and trust, considering factors like generational differences and cultural nuances to foster AI adoption while addressing legacy challenges in engagement and trust, emphasised Lauren Huntington.
Bonuses are instrumental in attracting top talent to companies, as they incentivise high performance. Offering rewards linked to output tends to draw motivated individuals who are eager to contribute to the company's success through their hard work.
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