The world economy is changing at a pace never witnessed before in history. In the first Industrial Revolution in the 18th century, which began with the invention of the steam engine in Great Britain, it took the UK (with a population of nine million people) 154 years to double their per capita economic output. India and China recently managed this in just 16 and 12 years respectively, each with approximately 100 times as many people.
There are five major disruptive forces contributing to this change and they are:
1. Rapid urbanisation
2. The digital transformation and the Digital Economy
3. New and refined Material-, Gene-, Bio-, Renewable Energy- and Nano-Technologies
4. Demographics (in developed and emerging countries)
The present change is happening – according to MGI (McKinsey Global Institute) – 10 times faster and at 300 times the scale, or roughly 3,000 times the impact.
How can companies cope with such changes?
The answer: Talent!
Companies need a systematic approach to identify, retain and develop their talents to cope and excel in such changing times. AGHRM provides a talent management solutions to help! Below is a quick video about our solutions.
We are giving away a free 30 days trial for our Performance Management system so customers can experience the benefits of our solution first hand. Do fill in the form below and our consultants will be in touch with you.