Digital transformation is a topic that has dominated the meetings of many boards for years now. Still, the COVID-19 came and accelerated the digitalization necessary to stay competitive in the current workplace. Technology and innovation continue to move further to the forefront, which means that boards must focus more on how digital transformation is managed.
According to Russell Haworth, the chair, digital leaders, gen Z and Millenials will make up the biggest percentage of the workforce in the next few years. These generations have grown in a technological era characterized by social media, climate change, economic changes, and the COVID-19 pandemic. Therefore, boards must focus on adapting the workplace to a new digital environment.
Technology is evolving fast, and many companies will agree that consumer and employee demands are changing. It is normal for many organizations to feel left behind when it comes to digital transformation, but boards can take steps to lead digital transformation in the workplace.
Reimagining How The Workplace Will Be
As more companies look forward to more success after the pandemic, they need to choose among three aspects of the workplace: having all employees return to the workplace after previously working from home, implementing a hybrid model or deciding to have fully remote opportunities and employee experience.
That means adopting high levels of technology to manage remote working and collaboration solutions that bridge the gap between people working in the office regularly and remotely.
Learn More About Digital Transformation
Digital transformation is the future of work, so it is likely to be a top topic for many years to come. That means boards should understand the options available for their organizations and what they mean for their bottom line. One of the routes many companies are taking is entering reverse mentor relationships with technologically proficient coworkers. That means they can learn about digital technologies they may not have been exposed to before.
Forming a Tech Committee
A board needs to delegate how they will manage digital transformations in the workplace in the short term and the long run. Digital transformations consist of aspects that may work in the governance committee, but it has areas that best belong to the tech committee. Given the unique nature of technology and innovation, having an independent tech committee may be the best move for an organization.
Attracting And Retaining Talent
Many people want to retain the flexibility of working they gained during the pandemic post COVID-19. About half of the employees prefer working remotely, and companies are not short of stories of people wanting to leave their jobs to maintain their flexibility.
According to research, organizations with a hybrid of the remote working environment are at a competitive advantage in attracting and retaining talent. And in today’s world, the ability of a company to retain talent positively impacts its bottom line.
The digital transformation playbook keeps on changing for companies of all sizes, whether big or small. Many organizations are progressing from digitizing to enhancing operations and efficiency, bringing more digital minds to the workplace. Digital transformation is not only about the digital aspect, but it also includes people and the process with the goal of creating a fantastic customer experience.