Odgers Berndtson: Technology Disruption and Digital Transformation

The digital era and advancements in technology have impacted the world at rapid rates. Companies big and small are beginning to rethink their operating models and adapt to deliver greater efficiency and output through the use of technology. Odgers Berndtson’s report is derived from a recent event the firm organized in Singapore.

The following is an excerpt from the report: “One final hot topic was whether millennials are indispensable “digital natives” that global companies need in order to adapt to a changing technological landscape or whether they are business ingénues who happen to be digitally savvy. The solution may be to create mentorships and coaching relationships, through which the business savvy old guard and the digitally savvy younger generation can empower each other, exchange ideas and find opportunities for growth. This opened up a much broader topic in relation to operating models and employment contracts. In the US for example, many of our brightest and most capable people who are near to entering the workforce, will do so in a very different way. There was discussion around attraction strategies and cultural benefits, groups of college students working for large corporations for free in exchange for great coffee, good food and the opportunity to play with technology STUFF! The participants agreed that millennials are motivated to learn and experiment with technology within companies, with the philosophy that earning a normal salary is of less interest than working in a flexible, fast moving environment, where the culture reflects their personal values and concerns about society. It’s a brave new world for employers!”

The full report is published on Odgers Berndtson’s website. Read the full report.