Invitation for NITTE HR Conclave 2020
Feb 17, 2020
The impact of technological, demographic, and socio-economic disruptions on business models will be felt in transformations to the employment landscape and skills requirements, resulting in substantial challenges for recruiting, training, managing and retaining talent. Sweeping technological developments fueling these disruptive trends have had a significant impact on the world of work and employment and triggered far-reaching changes. The technology resulting in automation could lead to job losses termed as the 'substitution effect' of automation. Paradoxically it could also lead to job creation and an increase in employee productivity through the 'complementary effect'. Thus, by not anticipating and addressing these disruptive issues/drivers for change in a timely manner over the coming years, may result in an enormous economic and social cost for businesses, individuals, economies and societies.