Unified Labour Code Might Roll-out In 2022
Remote working has been the latest modification in the way businesses operate. Earlier, it was a luxury for the employees to work remotely, but it became a necessity in the past couple of years and might become a norm in the future. It will eventually give exposure for talents from tier 2 and tier 3 towns more opportunities by enabling flexible working, which would not mandate them to migrate.
As talent boundaries expand due to the current scenario of working from home, organisations need to focus on being inclusive in their compliance approach by promoting flexible working. The business world might witness the much-anticipated unified labour code roll-out in 2022, which will simplify compliances.
A close working of human resources and information technology has always been a boon for the organisations, and it has grown drastically since 2020, considering the hybrid working models. It becomes more crucial for HR and IT to collaborate as more technology influences how employees perform their jobs.
Organisations need to focus on promoting leaders to manage change, identify new opportunities, and execute new strategies in the currently evolving business environment. Businesses have started recognising the value of skills in terms of leadership development for a broad range of managers.
In 2021, businesses witnessed a higher turnover of employees because of industrial expansion, which resulted in a sudden decline in talent demand. As per the estimates, in 2022, organisations will avoid buying talent from outside and focus more on building organic talent.
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