If you’re not growing (minds), you’re dying. Gone are the days when the learning & development effort was simply dedicated to “check the box” training requirements. L&D is now a strategic initiative being driven by the demands of a multigenerational workforce, a changing economy, the buyers’ journey and enhanced technology. Today, L&D is everyone’s job – but it requires coordination by a dedicated team to enable intentionality, replicability and driving predictable results.
In today’s rapidly changing business environment, companies that rely solely on full-time employees are finding they have neither the skills nor the agility to sustain success. For instance, 40 percent of U.S. companies can’t fill their open positions, according to a McKinsey Global Institute study that found that analytical, engineering, and management roles are the hardest to fill.
CIOs drive innovation by building digital awareness, forming digital innovation teams, and creating innovative opportunities in the form of new products and services. This three step approach accelerates the innovation cycle and optimizes the leveraging of information and technology for competitive advantage.
According to this research article, except for the COO role, the executive whose traits were most similar to those of the CEO was the CHRO. The researchers asserted that in our modern economy where attracting talent, creating the right organizational structure, and building the right culture are essential for driving strategy, the CHRO’s experience makes a leader more likely to succeed at those tasks.
Large, established banks and financial institutions are moving away from physical branch locations and toward technologies such as mobile payments, wearables, social media and gamification to enable remote interactions.
This article can also be viewed at cio.com