Virtual work will be on the rise and technology will lead the way
Employers will focus more on the outcome of your efforts
The world has changed. Change is everywhere, be it due to technological advances, evolving socio-economic scenarios, changes in world trade demographics, the emergence of new sectors, or slowdowns in many economies. The organizations that didn’t even exist 10 years ago are huge corporations today and, on the other hand, long-lived brands and organizations have taken a hit. Physical boundaries are rapidly disappearing with the advent of technology. Processes change. And be standardized.
With this in mind, the ground beneath our feet shifted almost overnight. The novel coronavirus pandemic hit the pause button of life around the world and redefined life as we know it. We’re not sure what business-as-usual will look like when this is over. But aside from an unprecedented global crisis, many of the changes we are seeing now had already crept on us. COVID-19 may have simply accelerated their adoption.
From my point of view, the following changes have dominated the last few years and will continue to do so:
- Virtual work on the advance
- Technology that precedes us
- Tomorrow’s employees will look for flexibility, determination, and authenticity rather than selling time just to earn a salary.
The transition from campus to enterprise is always challenging and with the changes mentioned above you will have to adapt to some things that the “newcomers” of the past may have handled differently.
In this series of articles, we’re going to talk about how we can get ready and adapt to the changing environment to make a mark from day one of our corporate lives.
Before we get into individual topics, let’s understand how the corporate world has changed in recent years … here are my top 10 changes:
- The definition of office has changed; It’s no longer a place where you have to check in every morning and stay until the evening (sometimes staying late until your boss goes home). The workplace of the future will be much more flexible; Many organizations are looking for a “hybrid” model that allows you to work from almost anywhere (preferably from home) a few days a week. All you need is a quiet place to sit or stand, a computer, and a good internet connection.
- The timing of work may not always be as rigid as it has been in the past; You are more likely to be asked to “deliver your assignment” than to be in office for eight hours. This means there may not be someone sitting next to you overseeing or monitoring what you are delivering every hour. This also means that you are partly in control of your own time and can decide how to use the available hours that best suit you and your company.
- There are two types of KPIs (Performance metrics) – Input KPI and Output KPI. Simply put, the input KPI is related to the effort you put in and the output KPI is the result of your efforts. Most companies now focus on their deployment and thus on the output KPI; Input KPIs will soon be a thing of the past.
- Most jobs have a very clear Job Description (JD) that is explained to us when we start a new role. Over time, I can see expectations of a person grow and the JD is just an indicator of your role. So if you get an average rating on your review, even after you’ve delivered everything that was recorded in your JD, don’t be surprised.
- In the past most of us had a one-department / one-boss relationship, the organizations were hierarchical and clear Manager employees Relationship has been defined. The world is moving towards now Matrix works – You have to work with many departments and work with many others that will directly or indirectly affect your career. Finally, you may report to more than one manager.
- Informal leadership is here to stay; This means that sometimes you have to lead a team when you are not the hierarchical leader. So the skills you need for your corporate career will be slightly different from those of successful leaders of the past. You need to be willing to perform even without formal appointment.
- Access to information has always been a key to success in the past; the person who knew a lot or had access to information was king. However, in today’s world, information is easily available in abundance, so owning information is no longer a key to success. It’s about how you can turn that information into meaningful stories – that makes all the difference and makes you stand out. Yes, storytelling will be a thing of the future.
- Businesses are moving from transactional relationships to purpose-oriented relationships. For the new generation of workers, it’s no longer just about work. People are looking for a holistic life; Finding meaning and balance. It’s not about selling your time for a salary to miss the rest of life. Most people agree that the world should give priority to the compatibility of life and work, profit with meaning. Most are looking for a deeper meaning in their work.
- Technology will dominate our lives. You can come from any area of life, your relationship with technology is here to last. So it’s better to be an early adopter than a lagger. With technology evolving and the work environment changing: Continuous learning. You have to constantly unlearn, learn and relearn. This makes you a permanent student in this corporate world. So if you think your days of education or learning are over … I’m afraid it’s just another start.
- While networking always helps, the need continues to evolve. It’s not just about how much you know it’s also about that who You know. With a detached working method and matrix organization, networking will be a key to success. However, you should know how and with whom to network as it can take more time and energy than you might think.
I just pointed out 10 of the changes that will affect you as you transition into the corporate world. There are other changes. With that in mind, in this series of articles we’re going to talk about how we can better navigate early in our careers … from campus to company.
In the next column we will talk about how you can prepare for the corporate world…. even before you even start your job. That means how to prepare during the time you have the job offer and also a few weeks / months before the day of entry.
See you later!
Partha Sarathi Basu has worked in management positions at Coca-Cola, Whirlpool, IFB Group, Tata Group, Spicejet and AkzoNobel. In addition to his work as a management coach, he is currently working for a leading consulting company. He is the author of five books based on his business and life experiences. The inveterate Calcuttan now lives in Amsterdam.
Last updated on January 9, 2022
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