Today there seems to be a mismatch between the talent in the market, their aspirations and the opportunities. The millennials of today are not keen on a 9 to 5 job. They want to pursue their passion cutting across organisational boundaries. While organisations may offer routine jobs, their aspirations may never be met.
What do we do in such a divergent environment ? While opportunities in the environment may change as per demands of the industry and the market, the aspirations of the next generation needs to be understood to be met.
Permanent employees may be a thing of the past in industry. We are moving towards a gig economy. This means jobs may be split and people may be available part time to share their knowledge and skills on a contractual basis. There will be neither permanent jobs nor permanent people in organisations.
Everything will be in a state of flux and change. While jobs will appear and disappear at frequent intervals, people may also keep changing their jobs and organisations as per their current aspirational needs. Thus aspirations will also keep changing with time. Nobody is going to stick to a particular organisation or profession for life.
A friend of mine was sharing with me that post his retirement after a long and illustrious career he was pursuing painting as his hobby. A few months later he informed me that painting was passé and now he was writing a novel. The aspirations of the millennials of tomorrow will be somewhat similar. It may change many times a year rather than even once in a few years.
Organisations have to redefine jobs to match these transcending aspirations. There has to be a market place for opportunities and aspirations to match. The cycle time for change will be frequent. This has to be managed through automation and artificial intelligence. It looks like there will be nothing permanent in life.
Even the personal lives of the future talent will be different. Family and marriage as institutions may fade away. The boundaries of a nuclear family may give way to living in partnerships as per mutual convenience. Marriage may no longer be a social pre requisite to have children and hence may disappear.
Organisations have to spend a lot of time and money to understand the aspirations of this generation. Sociologists and Anthropologists may play an active role in redefining roles and matching aspirations of the future talent. Thus organisational boundaries may fade away. Talent may work in multiple organisations as per their interests and time availability.
The talents today are like the balloons in the photo above. Multi varied and with different and needs. We need to create an environment where every talent blooms.
A new era where there will seem a dynamic relationship between opportunities, aspirations and availability of talent. Organisations which are flexible enough to match these changing trends will be successful in the market place. Organisations which continue with rigid job definitions may fade sooner than realise.
Flexibility may be the key to success.
S Ramesh Shankar
9th September 2018