Combined approach of training and development programs with support and motivation are crucial for employees to achieve developmental milestones
By MYBRANDBOOK
Mani Bhushan
Director
Tekrosta Cloud
CIO priorities for 2022
In 2021, employers had to respond to major workforce demands for remote work, flexible schedules, higher pay, and respect for health and safety. Differentiation will be the challenge for employers who need to hire in 2022 “Talent has options now”. It definitely created a more acute awareness of what they are willing to accept and what not, whether it be relocation, salary, or culture.
Six ways to better compete for talent in 2022:
· Streamline the hiring process
· Increase compensation, including benefits
· Build a culture that delivers
· No wishy-washy positions on working arrangements
· Reconsider employee expectations,
· Show DEI work
Digitization - opportunities galore
Businesses cite efficiency, resiliency, productivity, ROI and competitive advantage as critical reasons to digitally transform their operations in the wake of COVID-19 disruptions.
Organizations that had fully embraced digital transformation benefits in preceding years were in position to make rapid adjustments, relying on their cloud architecture, modern security protocols, an agile company culture and their full range of business-enabling technologies to support vast new work-from-home environments, as well as newly virtualized business transactions and interactions.
Tech talent: A challenge
· Conduct a Skills Gap Analysis · Revisit Hiring Process · Train Existing Talent
One has to be strategic and aggressive in approach to bridge the talent gap. Periodically analyze the talent gap to figure out if the strategy to make it smaller is working or not. A combined approach of training and development programs, along with support and motivation, is crucial to help employees achieve developmental milestones and crush the talent gap.
Technology & Brand amalgamation
Data collection and processing are at the core of rapidly growing business models, underpinning the activities of technology companies and acting as a source of market power. The key role played by data in the competitive dynamics of digital ecosystems has brought competition policy and data protection regulation closer together and raised important questions about the substantive relationship between these two branches of law. After identifying the specific ways in which data create and power digital ecosystems and examining the effects of digital privacy (or lack thereof) on consumer welfare, we compare the legal obligations imposed by competition policy and data protection regulation. We then map the interfaces between these two branches of law and critically assess the areas of substantive overlap between them.
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