Changes to the ‘Future of Work have been happening rapidly over the last 25 years. However, the next decade is going to see an unprecedented impact because of Artificial Intelligence and Digital Technology. Many organizations are busy trying to understand how they can leverage Digital Disruption for business profitability and customer engagement. Very few have understood that it will create a significant disruption in the employee lifecycle and that challenges around attracting and retaining talent will increase. Those that have read about it are not sure how soon this will happen and whether it is more myth than reality. Add to this the challenges of ‘Next Gen’ employees and trends such as the gig economy and business leaders are realizing they need to do something fast to be prepared for a big change.
The Human Capital Digital Innovation Hub is one of the ways in which corporates are trying to understand the experiment, engage and understand the digital disruption to the workplace and employees. It is a four-way partnership among a sponsor (which is corporate), a participant ( which is the startup), a host (who is an accelerator) and a program manager ( the — The HR TECH Partnership).
The participating corporate sometimes has a strategic intent behind participating — example either understanding ‘agile working’ or learning a new impactful technology like Blockchain. Often this approach is used to solve an immediate operational issue -example how can we improve diversity in our talent pipeline or offer employees an engaging wellness product. It is also being utilized by HR service providers( recruitment firms, talent consultancies, benefits providers) to experiment with potential additions to their product portfolio. The key advantage for a corporate is the ability to source great start-ups disrupting the workplace, get closer to them with minimal risk and optimize the time/effort needed to manage the process. The start-up involved has a unique opportunity to work with corporate without going in-house ( and getting sucked by the corporate’s demands). Being housed in an accelerator provides both parties with the advantages of a larger digital innovation ecosystem.
Forward-looking organizations have started realizing that they need to get active around learning and engaging with HR start-ups and the Human Capital Digital Innovation Hub is a great way for them to make a start.
The London based HRTP (HR Tech Partnership) runs a Human Capital Digital Innovation Hub to facilitate learning and adoption by corporates of agile start-ups around Talent and Workplace productivity. It also has a People Tech investment venture which funds early stage start-ups incorporating AI and leading-edge technology. The team and most of its stakeholders have senior corporate experience and a good understanding of large organization realities.
To know more about Human Capital Digital Innovation Hub and how the HR TECH Partnership works visit www.hrtechpartnership.com
Just take a look around you at the office.
Chances are you’ll see a dozen pieces of technology that have quietly taken over aspects of your everyday life.
The Phone, Laptop, or Office ID Badge.
The whole concept of business revolves all around the customer.
They are the most important part of the business.However, businesses wanting to inculcate Digital Lifestyle are having to overcome financial and infrastructure-related problems apart from cultural challenges.
Read our article on SMACIf companies are required to undergo digital transformation to deliver results, then so be it.
