This week, I have been exploring the role for the compliance function in ESG and the role of a Chief Compliance Officer (CCO) in leading the corporate effort on ESG. Today, I want to.
Why now?
It’s worth asking why we didn’t have this expansive view of the workforce all along.
One short answer is that we often did. Specialized suppliers such as ad agencies have been around since essentially the birth of advertising; the first one is usually dated to 1786 when William Taylor opened his office in London. When studios “make films,” they’re mostly writing checks. The actual work is being handled by production companies, who are in turn farming out work to a multitude of specialist contractors, both in front of the camera and behind it.
But the report identifies the changing nature of work as an important driver for more widespread change today. It describes how The mechanistic, process-driven view of work focused on optimizing job performance has largely given way to a team-based, project-based view of work that’s focused on speed, innovation, and relationships. These changes are compelling some leaders to make new decisions about how to orchestrate th
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Digital transformation â as business ideology and enterprise imperative â has won: Serious business leaders worldwide accept that their markets, customers, and workers have gone digital. In our recent global management survey, 93% of workers across industries and geographies affirm that being digitally savvy is essential to performing well in their role. The idea that effective digital transformation delivers agility, adaptability, and customer centricity is now both managerial mantra and leadership inspiration.
In real life, however, effective digital transformations also deliver unforeseen risks and unanticipated costs. Leadersâ emphasis on greater efficiency and productivity has provoked a backlash, particularly from a digitally savvy workforce. Digital talent now expects more from leadership than greater flexibility, better compensation, and/or productivity-supporting work environments. Our research suggests that digitally savvy workforces