What factors contributed to the advancement of Leadership 5.0? Let´s look into those factors:
Change in workplace expectation:
In today´s dynamic world, full of uncertainties, it is important for companies to plan new strategies to engage the full potential of its human resources, while on the other hand, the employees are looking for a more supportive and inspiring work environment. COVID-19 Pandemic disrupted the workforce with lasting effects, and many individuals experienced realizations that changed their conceptions of success and had long-term effects on the psychological relationships between employees and employers.
Changing need of skills:
The emergence of technologies, ways of working and business disruption require different skills. This is a big challenge for organizations and employees, since for the same subset of roles that required an average of 17 skills in 2018, required 21 skills on average in 2021. This represents a change on the hiring strategies but also on the development of the existing workforces.
Digital Transformation:
The way we live and work is being reshaped by rapid technological advancements and a rapidly evolving geopolitical context. While human expertise is still important to organizations, technology is gaining momentum. The workforce of today is substantially different from the one two years ago. Most of the old paradigms of work have been questioned, most of the companies have accelerated its pace towards digital transformation and many boundaries have become blurred due to the required flexibility of work during the last years. This accelerated change has paved the way towards the future of work and leadership, where a digitally savvy workforce expects the digital transformation to reflect and respect concerns and values. The transformation goes beyond better business capabilities and opportunities.
Global Challenges:
Bearing that the pace at which the world changes is constantly increasing, corporations will only be as successful if their leaders are fast to adapt to new technologies, trends and global events. Success will come to industries that are more innovative and responsive to market changes. Future leaders will have to acquire the skills that allow them to meet the demands of Industry 5.0, such us enhancing the capabilities of human workers to complement technologies.
