Analytics is the backbone when it comes to revenue measurement and human resources outcome also revolve around analytics.  Alexander DiLeonardo, Senior Expert, Associate Partner, McKinsey & Company shared his thought on ‘Trends Shaping the global economy, Impact on business and talent.’

The senior expert pointed out the importance of change and if companies can innovate on a regular interval, it can stay relevant for a very long period.  The entire talent paradigm is changing and people are switching jobs across sectors. The workforce is going with the pace and looking for jobs where they can accommodate. “No one would have imagined that GE will compete with YouTube for talent and vice versa,” said, DiLeonardo. 

He mentioned a few key trends shaping the way organizations manage talent in this dynamic world. 

Millennial Generations

Breaking the perception about millennials he shared that it’s a myth that millennials change jobs very quickly. “They do not change jobs frequently and they work similarly in the same way the previous generation did.” The only change is their approach towards the job. Millennials today want to align with the vision and mission of the company and evaluate their position accordingly.  

He emphasized the fact that one needs to change the thought that millennials are lazy, they are not lazy, but they work differently. They want to have open dialogues and are eager to understand the value creation and connected to the front line.

Gig economy

Technology will reduce the HR cost and by using the technology we can break down the barriers for gig economy. The new way of communication is essential for gig economy and it will lead to disruption in this economy. 

Automation potential 

Automation will not reduce jobs, but it’ll enhance it. Automation will bring a lot of opportunity in the workforce and it will reskill the people and brings change. It will have a profound impact and bring change.

The above speaker was sharing his views in the fifth edition of Tech HR 2018.