How many hours have you been toiling away before you started reading this article? Was this pause planned? What will your next task be once you finish here? Before you start desperately trying to put out fires once again, take some time to think about how you deal with time management. If time is money, then every professional should consistently utilize employee time tracking to monitor the number of hours invested. This is especially the case for people who are in a management position, coordinating a team. So, it’s a good opportunity to invest some time to think about time management and employee time tracking at your company and help yourself get rid of the impression that there is never enough time to take care of everything.
Employee productivity management requires a series of individual steps. One must measure the required tasks, collect performance data, maintain two-way communications, analyze results and create a basis for decision making. We must go beyond gut feelings or feelings of affinity and begin closely monitoring our workflows. You may think that this would lead to an increased workload, but in reality, the opposite occurs. With a good management platform, you can automate internal processes and seamlessly integrate your employees to get better results.
The cognitive era, also known as cognitive transformation, is considered to be the next step in our ongoing technological evolution. Profound changes are in the corporate environment are already occurring, and the companies that fail to adapt to them will be left behind. Here’s how to prepare for the coming wave.
Skills sets that have an increasingly short lifespan, an ever more competitive job market, fierce competition for emerging talent, and mitigating the threats of automation: according to recent and extensive study by LinkedIn, these are the principal workplace trends. You, as an executive, must be attentive and devote time and effort to keep track of these changes and their potential effects on the future.
These days, there is a general debate about what is artificial intelligence and its real and perceived impacts on our day-to-day lives. Although there have been a massive amount of studies and articles written on the subject, it is nevertheless still difficult to easily sum up the current state of the technology, much less accurately predict where it might lead us in the future. This lack of certainty is the cause of both high hopes and a great deal of anxiety, and there is a great deal of speculation as to whether many of us will lose our jobs to robots.
Hesitating before you answer this question is perfectly normal. According to a survey by Deloitte conducted in partnership with Forbes, which interviewed over 1,500 executives around the world, only 14% stated that their companies are prepared for the changes being brought on by the New Economy 4.0. So, you would be in good company if your answer is “no.”
Have you ever considered the possibility of driving at night with your car’s headlights off? Charging down the road without being able to see properly borders on the insane. Navigational tools that began as a simple beam of light affixed to the front-end of cars have gained orders of complexity, and the way we drive is continuously evolving. These days, not having a satellite-guided navigation system, whether through an app on your smartphone or an onboard GPS, is almost like driving without your headlights on. With the emergence of disruptive technologies, driving styles are changing even more dramatically, to the point that there is no longer such a need for so many drivers on the road. The same type of paradigm shifts can be seen in business management, and that is the reason why more and more people are talking about the data-driven company.
Have you stopped to think about the existence of IBM and other long-running companies like Xerox, Kodak and HP? In the case of the International Business Machines Corp. (IBM), it has existed and been in operation for over 100 years – 106, to be exact. In a time when many companies fail to survive for more than ten years, the American company has been active for more than a century. It is undoubtedly impressive. However, the source of its long-standing, and mostly successful existence lies in the way IBM addresses the concept of business innovation.
Have you heard about people who suffer from burnout syndrome at work? Not everyone is aware that this disorder can cause people to become mentally exhausted. Worse yet, many people don’t even realize that they are potentially suffering from the syndrome, which is associated with high levels of stress (“work overload” sounds familiar?). Every employee and manager is vulnerable to having problems with exhaustion, even those who are the most highly engaged and motivated in their jobs.