Conditions are ripe for the transition to skills-powered organizations. Advances in AI, the evolving demands of the workforce, and the changing organizational requirements for greater resilience and agility in a volatile world are creating the demand and necessary conditions for skills to be the currency of work. To better understand this major shift, Thinkers50 is partnering with Mercer on a unique webinar series to give you a better understanding of how to structure and orchestrate an enterprise built on skills. Four webinars in September and October will take you on a journey to the next-generation, skills-powered enterprise.
The webinar series marks the publication of The Skills-Powered Organization: The Journey to the Next Generation Enterprise, by Ravin Jesuthasan and Tanuj Kapilashrami, from MIT Press. Ravin is the co-author of the bestselling Work Without Jobs and global leader of Mercer’s Transformation Services practice. Tanuj Kapilasharami is the Chief Strategy and Talent Officer at Standard Chartered and has led the company’s drive to become a skills-powered organization.
Accelerated change, demands for organizational agility, AI and work automation, and other trends are rapidly revealing that the traditional work operating system based on jobs and jobholders is too cumbersome and ill-suited for the future. Work operating models with jobs as the singular currency of work are giving way to the possibilities of greater agility, speed and flexibility when skills are the currency of work. This has many implications and requires a shift in mindset, skillset and toolset.
At the height of the pandemic, companies as diverse as Verizon and Bank of America saw the benefits of having skills-powered architectures to redeploy talent at speed and scale. Verizon redirected nearly 20,000 store-based employees to leverage their skills in other roles. Bank of America redeployed 30,000 employees to deal with the influx of calls and digital customer inquiries.
Outdated and traditional work frameworks and systems based on static jobs and employees in jobs still dominate the working world. But those systems and frameworks need to be remade for an increasingly volatile and machine-augmented world to enable talent to flow to perpetually reinvented work based on the seamless matching of skills and tasks. The shift to a skills-powered organization will transform every aspect of planning, acquiring, deploying, developing and managing workforces.
Conditions are ripe for the transition to a skills-powered organization. Advances in AI, the evolving demands of the workforce, and the changing organizational requirements for greater resilience and agility in a volatile world are creating the demand and necessary conditions for skills to be the currency of work.
Thinkers50 is the world’s most reliable resource for identifying, ranking, and sharing the leading management ideas of our age. It highlights influential thinkers and their contributions to management theory and practice, shaping the discourse on business and leadership globally. Founded in 2001, Thinkers50 provides a platform for showcasing innovative ideas and insights that drive organisational and societal change.
Mercer believes in building brighter futures by redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being. Mercer’s more than 20,000 colleagues are based in 43 countries and the firm operates in over 130 countries. Mercer is a business of Marsh McLennan, the world’s leading professional services firm in the areas of risk, strategy and people.
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