The Fourth Industrial Revolution has reshaped our work landscape, ushering in disruptive technologies such as artificial intelligence, automation, and the Internet of Things. As organizations grapple with these changes, companies and individuals need to find ways to quickly and effectively re-skill and up-skill. To navigate this complexity, organizations are increasingly turning to a concept known as Skills Taxonomy. In this piece, we explore what Skills Taxonomy is, its key elements, and why it holds significance in the current context. What is Skills Taxonomy?  A skills taxonomy is a st ..read more

In recent times, we’ve come across the revolutionary concept of “Skill-Based Hiring.” Is it truly a new idea, or is it old wine in a new bottle? I would argue that skill-based hiring is a timeless principle, finding its roots in the medieval periods when humanity transitioned from hunter-gatherer societies. In those ancient times, individuals responsible for hunting animals likely required attributes such as speed, endurance, and strength.  As civilizations progressed and crafts evolved, so did the concept of skill-based hiring, aligning with the emergence of apprenticeships. In disciplin ..read more

In the rapidly evolving landscape of modern industries, skill-based organizations stand out due to their strategic focus on developing and harnessing specific skills within their workforce. The journey toward becoming a skill-based organization involves gradual steps that reflect both structural and cultural changes, centered around enhancing adaptability, improving collaboration and boosting overall efficiency. This transformative approach aligns talent with tasks, promotes continuous learning and ensures a dynamic workforce ready to meet the evolving demands of the industry. Strategic Alignm ..read more

The job market is poised for significant disruption in 2024 and beyond, driven by technological advancements, particularly in AI, globalization, demographic shifts and environmental changes. The World Economic Forum’s (WEF) Future of Jobs report 2023, identifies macro trends and technology adoption as key drivers for a structural change in the labour markets with technology and digitalization propelling both the fastest-growing and fastest-declining roles. The report anticipates a significant structural (23%) labour market churn of jobs in the next five years constituting a mixture of emerging ..read more

How businesses can step up on the SDG’s The discussion around the new emerging shift have repeatedly highlighted the need for balance. Hence, when we speak about ‘development’, we need to specify which kind of development we have in mind. If ‘development’ is used in the current narrow economic sense, it will further perpetuate the imbalances. If, however, the process of development is understood as more than a purely economic process and includes social, ecological, and spiritual dimensions, and associated with qualitative economic. Download WhitepaperTalk to Us The post Perspectives first app ..read more

Creating long term impact for the SDG’s Once considered a niche market for institutional clients with specialised investment needs, ESG investing has gone mainstream. It now spans multiple asset classes and is used by a diverse group of investors. We have tracked ESG over the seven years of our study and it indicates that companies are putting significant efforts to improve their performance. Download WhitepaperTalk to Us The post Perspectives first appeared on Futurescape ..read more

Our world is increasingly digital and virtual! This has many benefits, but equally, it has many challenges.   For instance, virtual work gives flexibility and helps people work from anywhere. At the same time, the question every salesperson is asking is, how do you build relationships and trust in a world that is so virtual?   While teachers at one level are asking, how do we keep students engaged through virtual classes? Skills-based courses have a far more significant challenge. Teaching skills based on physical activities such as carpentry, plumbing, design, drawing, le ..read more

The 7th edition of the Responsible Business Rankings brings to you how India’s top companies are gearing up to tackle the responsibility challenges that face us today. In the world of climate change the challenges are immense, but so are the opportunities for change. While speaking at The Economic Times SDGs Summit 2020 Namrata Rana, Director, Strategy and Brand, Futurescape and India Ambassador of University of Cambridge Institute for Sustainability Leadership said “The planet needs a prime directive that serves as a moral compass and yet doesn’t derail growth. A 21st century ideal that bind ..read more

Growth in nature is always balanced and multi-faceted; while ecosystems, grow, others decline. At the same time, everything is reused and transformed into new species and environments. This biological concept of development is an unfolding of species and organisms till they reach their potential; very different from our modern definition of growth that prioritises profit over everything else. A large part of the 20th century management philosophy around capitalism is based on what Milton Friedman propagated – the business of business is business i.e. profit maximization at the cost of everythi ..read more

The birth of the couture industry can be traced back to 1850 in Paris, where top designers held fashion shows for their most prized clients1. From there, it took centre-stage and evolved into four big Fashion weeks: Paris, Milan, London and New York. Today, it has taken over the world, with Tokyo, Berlin, Madrid, Australia and India Fashion Weeks cementing their place on the world fashion stage2. Fashion Week began as a means for retailers to buy and incorporate the latest collections into their retail marketing, but they have progressed into ‘in season shows’, catering to fast fashion retaile ..read more