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4349 The World without Bankruptcy Laws

Bankruptcy is one of the natural states which a company may find itself in. Entrepreneurship is primarily about taking risks. When companies take risks, some of them succeed, whereas others fail. Hence failure is a natural part of the business. However, many critics of bankruptcy laws believe that there isn’t a need for an elaborate […]

4348 The Wirecard and Infosys Scandals are a Lesson on How NOT to Treat Whistleblowers

What is the Wirecard Scandal all about and Why it is a Wakeup Call for Whistleblowers Anyone who has been following financial and business news over the last couple of years would have heard about Wirecard, the embattled German payments firm that had to file for bankruptcy after serious and humungous frauds were uncovered leading […]

4347 Why the Digital Age Demands Decision Makers to be Like Elite Marines and Zen Monks

How Modern Decision Makers Have to Confront Present Shock and Information Overload We live in times when Information Overload is getting the better of cognitive abilities to absorb and process the needed data and information to make informed decisions. In addition, the Digital Age has also engendered the Present Shock of Virality and Instant Gratification […]

4346 Why Indian Firms Must Strive for Strategic Autonomy in Their Geoeconomic Strategies

Geopolitics, Economics, and Geoeconomics In the evolving global trading and economic system, firms and corporates are impacted as much by the economic policies of nations as they are by the geopolitical and foreign policies. In other words, any global firm wishing to do business in the international sphere has to be cognizant of both the […]

4345 Why Government Should Not Invest Public Money in Sports Stadiums Used by Professional Franchises

In the previous article, we have already come across some of the reasons why the government should not encourage funding of stadiums that are to be used by private franchises. We have already seen that the entire mechanism of government funding ends up being a regressive tax on the citizens of a particular city who […]

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Career, as a series of upward moves of income, status, power and security has died long back.

In 21st century, career is seen as continuous learning and changes in identity due to experience and personal learning along with upward moves in income, status and power.

Employees, these days want a fulfilling career and organizations need to give them. The traditional psychological set up of individuals has changed and they no longer have the same interests. They desire for a boundary less, alive and flourishing career where they get a chance to shape their lives according to their requirements.

Organizations need to understand the desires and demands of their employees if they want to create a pool of talent for them and ensure better working all through. In order to strike a balance with continuous workplace changes, both employees and organizations have to come to the mutually beneficial terms so that both can meet their requirements and future aspirations.

Tips for Individuals to Handle Workplace Changes

  • The main focus of organizations today is on the employability of individuals. They should not hold on to a specific job. Rather they should focus on developing skills and competencies that are portable and can be used anywhere and everywhere in the time crisis.

  • Individuals must take care of their career needs, desires and aspirations. They need to take control of their careers and look out for their career interests. After all, they also have right to look out for their dream jobs.

  • They must think of developing new and better personal skills in order to achieve their dream careers. Plus, they should make every effort to assess themselves and their competencies and plan their careers accordingly. Most organizations lack in employee career planning. In such a scenario, the entire responsibility comes on individuals to choose their own direction.

  • Employees must invest in reputation building, networking, socializing and peer learning relationships so that they can fulfill their desires and aspirations.

  • Individuals must be committed towards life long learning to keep their skills updated and relevant to increase their employability.

Recommendations for Organizations

  • Although it is an employees responsibility to manage his or her own career but times have changed and it is now employer’s responsibility too to provide their employees with tools and techniques, professional career guidance and opportunities so that they can enhance their skills and re-invent themselves.

  • It is employer’s responsibility to create an environment that supports continuous learning and overall development of individuals. It can be done through professional training, associations, workshops, etc. Organizations such as Motorola, Intel and Ford are known as people developers just because they offer supportive environment to their employees.

  • The organizations must make arrangements to provide additional training such as orientation training, core training and computer training in order to increase employability of the employees. Along with this, they should support this with a proper reward system.

  • Before hiring new candidates or outsourcing, organizations must try to redeploy their already existing employees and teach them new skills.

  • They should assist employees in striking a balance between their work and non-work life so that they can produce better output at work.

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