So what will the future hold for innovation during this shifting talent and hiring landscape? One thing is for sure, innovators and even in-demand talent will have to be flexible in their working environment, as corporations and recruits grapple with addressing new workplace challenges and future of work strategies. No doubt, diversity initiatives will also continue to move forward.
According to ChatGPT, talent recruitment, development, and retention will evolve significantly over the next decade due to changes in technology and the emergence of new trends. Recruitment is likely to become more automated and reliant on artificial intelligence (AI) to identify potential candidates quickly and accurately. Development programs may be personalized using AI-driven learning platforms that can track individual progress with tailored content. Retention efforts are likely to focus on creating a culture of engagement by offering opportunities for growth, leveraging data-driven insights into employee satisfaction, finding ways to make work meaningful, and providing flexibility around job roles. Additionally, employers may need to focus more on remote working solutions as well as diversity initiatives such as unconscious bias training in order to recruit from a broader talent pool while still ensuring equitable hiring practices.
From Burnout To Breakthrough
Throughout the past two-and-a-half years, the approach to innovation has evolved. While common themes have emerged, different organizations have chosen distinct paths. In this recent Innovation Talent Roundtable, FEI Advisory Board Member Navin Kunde and others in the innovation community shared several thoughts, including, “Innovation success is balancing short and long-term mindsets.”
Igniting innovation talent is fraught with danger as, if you’re not careful, it can lead to burnout. Finding innovation talent that fits within a given organization is, to put it simply, challenging. Good innovation talent itself is elusive. Add to the equation that a given person not only needs to have the specific skill set being sought, but that same person must fit with corporate and innovation culture already established. The search is tantamount to finding a needle in the Grand Canyon.
Once that talent is identified and makes it through the gauntlet of sourcing and onboarding, nurturing must occur. That nurture program must be customized and personalized to the talent and consider from where the talent arrived– either internally or externally. And once the team has accepted that new talent, management must provide a perfect balance so as not to achieve either end of the innovation talent spectrum: burnout or boredom.
- Recognizing innovation talent internally throughout the organization and bringing them in to the innovation function.
- Mining for innovation talent externally in new and different places.
- Discovering how to nurture innovation talent holistically.
- Listening to talent to minimize boredom and burnout while enabling breakthroughs.
- Creating systems/process for innovation management resilience.
- Discovering key innovation behaviors and the difference between nature vs. nurture.
- Understanding what leads to innovator burnout, recognizing and mitigating those factors.
- Discussing keys for success in driving an innovation culture forward.
See LinkedIn’s Sudha Ranganathan at FEI 2023
The pandemic has already changed the world of work significantly. From remote jobs to a greater emphasis on equity in hiring, from the great reshuffle to “quiet quitting,” the last three years have seen seismic shifts in how work works.
This FEI session, “The Future of Work – How talent recruitment, development and retention will evolve over the next decade,” will be held by Sudha Ranganathan, Director Marketing & Talent Solutions, LinkedIn. The presentation will paint a picture of the next decade with an emphasis on notable trends in talent attraction, sourcing, engagement, and retention that will help us move into an even newer world of work. The session will talk about skills and some interesting talent development frameworks to equip us to move into this new world.