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Employing a team of strong workers can help you get through these unknown times, which is why investing in employee development is crucial. Learning new skills and competencies is the bread and butter of a learning and development program. The more training you offer, the more efficient and effective employees are in a role.
Improving employee competency and efficiency does result in gains, but they’re less concrete. Some employees may increase their efficiency by 20 percent, while others may improve by more or less. Higher quality training leads to greater knowledge retention and shorter timelines for knowledge acquisition, making them more efficient.
On the contrary, clarity about where the buck stops is one of the most critical enablers of efficient teamwork. Working with old hands before you forge a project of your own helps you pick up the routines, processes, and tools that make collaboration efficient. But collaboration is not consensus.
” The more creatively, comprehensively, and innovatively these selves can be digitized, the greater the opportunity to help workers develop and deploy the optimal traits and qualities they desire. In this data-rich future, enterprise AI is less about “artificial intelligence” and more about “augmenting introspection.”
However, larger businesses often face challenges that hinder the efficacy and efficiency of their governance systems, impeding their ability to adapt, innovate, and thrive. This is the realm of efficient and effective governance, characterized by fresh perspectives, unwavering resilience, and a commitment to excellence.
The first concerns the challenge of creating the meaningful use program for the HITECH Act when I served as national coordinator of health information technology from 2009 to 2011, at the beginning of the Obama administration. Two personal stories illustrate these points. They had incentives to do so, but they could easily refuse.
Talent Development Building on our last point, optimizing skills is an urgent priority as we move into 2024 — experts must learn to augment existing knowledge with AI and automation, use data to build valuable solutions, and at the same time, ensure that digital doesn’t diminish the human relationships still at the heart of the service-based org.
UBER and Air-BNB are the companies who have perfected this model and have radically democratized the taxi and hotel industries, tapping into un-utilized excess capacities and ultimately making the economic system more efficient. Changing attitude towards work. The attitude towards work is changing. Image: Pexels.
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