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You are browsing the archive for August 2017 - MANCER Consulting Blog.

What is the Future of Jobs and Career?

August 28, 2017 in Careers

Human vs Robot

With robots and artificial intelligence (AI) performing humans’ jobs efficiently, do we stand a chance to compete against them in the near future?

Researchers from the University of Oxford and Yale have revealed the results of a study surveying a larger and more representative sample of AI experts. According to their findings, there is a 50% chance of AI outperforming humans in all tasks in 45 years and of automating all human jobs in 120 years.

Since automation technology is improving rapidly, it is allowing software to carry out the routine IT support work and repetitive back office tasks that were previously performed by humans. Reports suggest that jobs that are more at risk are those which are on some level routine, repetitive and predictable.

According to a recent report by Deloitte, more than one lakh jobs in the legal sector have a high chance of being automated in the next 20 years. These jobs will be redefined, and workers who lack the new skill sets required for the role will be out of the job.

Also, we are going to see a churn of different tasks for a lot of jobs. For instance, a lawyer today does not develop systems that offer advice, but the lawyer of 2025 will. They will be still called lawyers but will be doing different things.

A recent study by labor economists found that “each new robot added per 1,000 workers reduced the employment to population ratio by about 0.18-0.34 percentage points and wages by 0.25-0.5 percent.”

Therefore, overlooking these issues may come at an enormous cost to businesses, employees, and economies as a whole.

So how will you prepare yourself for the change that’s coming?

Businesses will have to profoundly change their approach to skills and employment and to working with each other. They will have to

  • Place talent development and workforce strategy in front and center to their growth.

  • Develop effective training programs that would educate their employees about the technical know-how and keep them abreast of the developments in the workplace.

  • Reinvent the HR function that would spot new kinds of talent trends, provide insights to align business with the changing technology and environment.

From the individual’s perspective, one will have to enhance their abilities to manage public relations, intercultural sensitivity, and marketing effectively. Another element that will be most highly valued is social and emotional intelligence. It includes taking the initiative, empathy, creativity, and critical thinking to move out of the box. These skills are unique to human beings and therefore cannot be performed by robots or machines.

Apart from these, other practical needs that could help in the long run are

  • Working with data and algorithms, and

  • Implementing the newly emerging capabilities in artificial intelligence.

Conclusion

Over the past decade, we have witnessed technology creating a positive impact on the labor market. So, there is a likelihood of automation engendering more jobs rather than destroying them. However, there is an increasing need to equip ourselves with required competencies to keep pace with innovation.

How Formal Education is Killing your Creativity?

August 22, 2017 in Services

Schoolboy have problem with formulas

How many of us have felt lost in our years of schooling?
In the age where we should have quenched our curiosity, we spent our time studying futile concepts and formulas that have no practical use. Education is meant to be an in-depth resource to seek practical knowledge and learn new skills.
But, the whole system is predicated on the idea of academic ability instead of sharpening our practical knowledge.

Let’s take a look at how education kills our creativity.

Every education system, across the world, has the same hierarchy of subjects. At the top, we have STEM subjects that are Science, Technology, Engineering, and Mathematics. These are followed by Humanities, and then, we have Arts way in the bottom.

We will hardly find a school that would teach dance every day to children the way they teach other subjects. Creativity is as important in education as mathematics, and our system should treat it with the same status. It is not a test to take or skill to be developed. It is an art of dreaming things and bringing them to life through our abilities. It is about making mistakes, learning from them and again making new mistakes. Getting prepared to be wrong is the only way to come up with something original.

Let’s imagine a teacher has asked her students to draw a tree. Based on their work, she rates every student. Some students who got ‘A’ believe that they are artistic and others who got ‘F’ see themselves as a failure. It is because our education system is established on the belief that making a mistake is a sin. According to Dr. Carol Dweck, the system should prefer grading the students as ‘Yet’ and ‘Not Yet’ over the conventional method. It will make them understand that they are on a learning curve and have to put extra efforts to reach their goals.

Today’s teaching techniques have taken the essence out of learning. These methods are only demolishing innovation and creativity. We are in the cycle of memorizing, taking tests, and getting a job only for the promise of money.
We not only need more skills but vastly different skills than we did a few decades ago. The education system will soon have to realize that its actions have catastrophic results on our future. Instead of staying ahead of the change, students spend all their time in keeping their heads above water.

Conclusion
Around the 19th century, Industrial Revolution was in full swing. East India Company invented this rigid framework to meet the needs of that time. But, we have since gone through several economic developments and are now in the knowledge economy. Employers need innovative minds that is increasingly hard to come by because we have been discouraged to think out of the box throughout our lives.
Education should, therefore, provide us the freedom to imagine, express and be the best we can be. The key to unlocking this potential will require plenty of hard work and dedication by everyone in the education ecosystem, including students. Therefore, the need of the hour is to raise our children in searching for the true meaning of learning.

How to Lead by Example without getting into Micromanagement

August 21, 2017 in Services

Solution

As a leader, your job is to ensure that your employees are on the same page as you are about the outcomes. You will provide them the resources and the guidance they need, and upon failure to meet the desired goals, you will foster learning and accountability.
On the other hand, if you are dictating every little step in the process and refusing to delegate any decisions dreading the failures, then you are most likely a micromanager.

According to the Harvard Business Journal, “The difference between managing and micromanaging is the focus on the micro.” Focusing on the micro will not only harm your team’s morale, but you will also lose out on the ‘big picture.’

So what do you do if you want to avoid micromanaging and still want to manage your team effectively? Here are five strategies that can help:

Hire the best talent and delegate with trust
Micromanagement is the result of lack of confidence in employees’ capabilities to perform a task. Once you hire people with the right skills, who can execute their job deliverables autonomously, you will be able to delegate tasks with trust and authority.
Thus, letting go of the minutia will help you focus on the big picture, resulting in successful completion of your projects.

Find a better alternative
‘It’s my credibility on the line if we don’t get it done on time,’ ‘Too much is at stake to allow this to go wrong’ or ‘When I am not involved, they mess up.’
If these are the things that cross your mind every time you entrust your employees with tasks, then you are magnifying the fear of failure. You can use three A’s to alleviate the fear. First, become aware of the fear. Then, consciously move away from micromanaging by averting. Lastly, find a better alternative to micromanaging.
For instance, whenever you suspect that you are interfering, make a list of those tasks or projects that only you can accomplish and start tackling them one by one.

Decide together
Discuss your expectations about a deliverable with your employees . Articulate what you envisage the outcome should look like and set the conditions of satisfaction for that task. When you give blow-by-blow instructions to your employees, you enable learned helplessness of your team. The only way to break that is to allow them to make independent decisions and solutions to solve their queries. Their ideas will help you realize about different approaches a project holds and how beneficial the results are.

Conduct meetings to check overall development
Hold weekly meetings to discuss the tasks assigned and the progress made against them. Performing a cadence of progress check-ins will help you to manage your trust and control issues.

Get out of the weeds
Instead of finding reasons why you should micro manage, consider why you shouldn’t. Micromanaging leads to disempowered and demoralized team. To deal with that, you should stop going deep into the weeds. Let your employees handle their tasks independently. A shift from doing the work yourself to guiding your employees wherever required will enhance your leadership skills.

Conclusion
Striking a right balance between empowerment and management is not easy. However, working hard on the above points will ensure continuous improvement for great results. The more you put efforts into it, the better you will get with time.

Five Offbeat Career Choices in the Current Scenario

August 16, 2017 in Services

Different ways of business

Earlier, there were limited career options for children to pursue- one was to become a doctor and the other an engineer. Even accounting and law stood at a distant third. As these careers were considered more respectable by the society, an individual with an exceptional aptitude like drawing was forced to relegate that to a hobby and follow the crowd.

But, now the attitudes of both parents and societies toward this belief are changing. Everyone is dreaming different and looking for exciting careers than going for the conventional ones.
So, here are five offbeat career choices that have far better employability rate in the current scenario.

Ethical hacker
The work of an ethical hacker is ethical because it is performed to increase the safety of the computer systems and prevent malicious hackers from attacking it.
According to Nasscom, India will require 77,000 ethical hackers every year, compared to the present figure of 15,000. Thus, with the increasing use of the internet, ethical hacking is growing at a tremendous pace and offers a plethora of lucrative job opportunities.

Oceanographers and Marine biologists
Oceanographers study every different aspect of the ocean, conduct experiments, write about their results and share them with the world.
This career is relatively a new field that has vast job prospects. After acquiring the required qualification, one can get employment in some of the government agencies- Oil India, Geological Survey of India, or in corporate private sectors as a geologist or mining engineer.

Marine biologist studies various life forms in the ocean, their interactions with each other and the environment. They are trained professionals who examine various sea creatures. Since the demand for marine biologists is on the rise, there are multiple job opportunities for them as an environmental consultant, biotechnology specialist, fishery biologist, etc.

Image consultant
A person’s image is a combination of several factors-clothing, public speaking, and social etiquette. Only an image consultant can help individuals and organizations cultivate a professional appearance and project a winning image in all aspects.
Image consulting is being reported in the business books as one of the fastest growing businesses in today’s service economy, and therefore it serves excellent job opportunities.

Animation
The animation is an art where inanimate objects are brought to life with the help of various modern computer based sequencing techniques. Job prospects for animators have continued to grow at a rapid pace across the world because of the boom in entertainment and gaming industry.

Wildlife photography
It deals with taking photographs of wildlife which requires a sense of composition and technical knowledge to use cameras and lenses creatively.
Wildlife photographers are employed by various publications like newspapers or travel and tourism magazines. Other options that include are joining a wildlife channel, curating exhibitions and art galleries or conducting tour operations for wildlife enthusiasts.

Conclusion
Choosing a unique path is intimidating in the beginning, but when you are passionate about your profession, success is more likely and so is the contentment out of it.

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