Workplace transformation is a buzzword for many corporate managers these days. This is because businesses have recognized the need to transform their business model in order to survive and succeed in the times of Covid-19. The pandemic has offered lucrative growth opportunities for players in the workplace transformation market.
Businesses have been scaling back costs by cutting expenses on marketing, distribution and service while relying more on online sales and automation. All this is going in the face of stagnant revenues as customers become jaded by high prices and dwindling profit margins. Workplace transformation market can thus benefit from initiatives to implement transformation efforts effectively. Transformational change can however, be impeded by the resistance from employees. Your efforts to increase productivity, save money and reduce costs may not be well received by your employees. Some will rebel against change while others may resist all forms of change. As a result, the transformation effort will go underway but it will be an uneven success.
Services offered in the workplace transformation market must focus helping employees understand the changes in an organization. For example, announce the plans at an event, hold training sessions so that employees know the new structure and function, give bonuses and pay raises if employees have successfully participated in the program. It is only when you share information about transformational programs with employees that they will begin to accept the changes you want to bring about in their workplaces.
Workplace transformation is a great business strategy because it drives profits and strengthens the company's ability to compete in today's market. These benefits drive growth of the workplace transformation market. When employees do accept change, they will feel more secure and productive. They will also appreciate being a part of something bigger than themselves. This increases the likelihood that they will embrace the workplace transformation you are imposing. The ultimate goal of workplace transformation is for employees to benefit from the transformation you are imposing on their workplace.
Players in the workplace transformation market are focused on adopting AI to drive significant efficiencies in workplace optimization. In this regard, Infosys recently announced to promote tools such as Nanoheal, Nexthink, SysTRack, and Infosys Nia to drive prognostic monitoring, self-heal, and self-service to drive efficiencies.
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