According to a Harvard Business Review survey, 9 out of 10 employees will reduce their wages for more meaningful work. As we enter the Fourth Industrial Revolution, re-skilling and skill-up workers are paramount to innovation. Talent is a competitive advantage that drives Intel’s growth and enhances semiconductor manufacturing, innovation, and product leadership.
We are entering the Fourth Industrial Revolution, which features a fusion of technologies that blur the boundaries of the digital, physical and biological worlds. This innovation promises to impact everything from medical care to manufacturing, while potentially improving the quality of life for all people on the planet.
At the same time, the ESG Revolution examines how to define its quality of life by critically assessing the implications of working towards a sustainable, fair and equitable community. As macro issues such as climate change and social justice are becoming more and more urgent, we all, as consumers, investors and employees, are part of our corporate reputation and beliefs in our corporate environment, society and governance (ESG). ) Is under consideration.
As technology and corporate citizenship converge anew, I believe that the key to maximizing opportunities is to connect people, technology and purpose. In this way, we develop a more talented and ambitious workforce and, more importantly, achieve high social impact.
Here are some ideas for thinking about how to attract and develop the best talent tomorrow for today’s technical challenges. It also provides some examples of ways to take action to create prosperity and lasting cultural change in businesses, industries, the broader business community, and the world.
The key to maximizing opportunities is connecting people, technology and purpose.
Evaluate and re-evaluate the purpose of your company
More than ever, people want to do something important in the world. According to a Harvard Business Review survey, 9 out of 10 employees are making reductions for more meaningful work. And it is beneficial for both parties to align the company’s mission and values with the employees’ sense of purpose. According to another McKinsey study, employees whose company values are revitalized and personally aligned are far more loyal, enthusiastic and willing to defend their employers.
Whether you are the founder of a new start-up or the chief objective of a global conglomerate, it is more important than ever to assess and reassess your company’s objectives. Here are some evergreen questions you can ask yourself:
-What is our role in society? When and how do you approach the question thoughtfully?
-Are we using our goals to guide decision making at the highest level? Who is responsible for this and what mechanism will ensure it to happen?
-Is our purpose clear and easy to understand? If you ask employees at different levels about the purpose of the company, can they clarify it?
Give your people a goal-building stake
When employees think about their sense of purpose and how it relates to the purpose of the company, they are almost three times more likely to feel fulfilled at work. Creating opportunities to match corporate and individual goals and formalizing them into plans with measurable ESG goals should be the core competencies of a purpose-driven company.
Using this approach, Intel reiterated its clear goal of developing a 2030 RISE strategy and creating technology that enriches the lives of everyone on the planet. It shows the measurable goals we have set for ourselves. Above all, our RISE (Responsible, Inclusive, Sustainable, Enabling) strategy aims to give all employees a say and a sense of belonging. We believe this is at the heart of our success over the last decade.
The Intels RISE Strategy evolves the Corporate Responsibility Strategy, scales up collaboration with others, and creates a more responsible, inclusive and sustainable world realized through technology and our collective action. To do.
Technology that meets human needs
Once a clear goal is set, companies not only show how business outcomes can passively contribute to a better world, but also begin to think about how to coordinate those outcomes to achieve their real goals. can do. This is especially true for the technology sector, which is a large multiplier of the world economy.
The semiconductor industry can get an early glimpse of how the Fourth Industrial Revolution brings life-changing products to the world. Backed by the psychic powers of four technologies: ubiquitous computing, cloud-to-edge infrastructure, pervasive connectivity, and artificial intelligence, all digitalization is driving a new era of innovation in virtually every industry.
For example, in healthcare, technology facilitates an unprecedented public health response to COVID-19, enables virtual meetings with doctors and colleagues, tracks virus spread and evolution, and is the world’s first mRNA vaccine on a computer. Was designed in just a few hours. The wide potential of technologies to mitigate the devastating effects of a pandemic is demonstrated by the Intels Pandemic Response Technology Initiative, which helps connect, protect, and evolve educational and economic systems as well as diagnose, treat, and prevent the next pandemic. .. This model of industry collaboration to address a wide range of challenges through collective technology efforts continues after the pandemic through the Intel Rise Technology Initiative.
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A year ago, Intel launched the Pandemic Technology Initiative (PRTI) to combat the COVID-19 challenges in healthcare, education, and the economy. The 230 PRTI project has been launched globally, leveraging almost all of Intel’s technologies.
Climate change: the ultimate challenge
Climate change is arguably the most important challenge facing humankind. Again, by leveraging an enthusiastic and purpose-oriented workforce, all companies weigh new needs, assess how their products and technologies can meet those needs, and You have the opportunity to work to achieve your own contribution.
Global manufacturers like Intel can have a significant impact. Our sustainability goals include 100% renewable energy, total zero waste to landfills, and net net water usage. It also recently announced its commitment to zero greenhouse gas emissions by 2040, despite continued expansion of manufacturing capacity.
But you can also go beyond the manufacturing barriers and draw in fellow business citizens about climate change. We are committed to improving energy efficiency, reducing carbon dioxide emissions from products and platforms, and working with customers and industry partners to create solutions that reduce greenhouse gas emissions across the technology ecosystem. increase. Just as we are talented, we need to involve partners, collaborators and even competitors in this global challenge.
Technology outweighs the workforce
Despite these moving examples of innovation and co-innovation, innovation outperforms workforce development. And despite the estimated $ 11.5 trillion opportunity to close the global skills gap. It is necessary to rethink how to create human resources who can fully realize the desired future.
For technological innovation, it is most important to re-skill and improve the skills of workers in the necessary areas (artificial intelligence, etc.). Employers need to identify and notify them of the skills they need and develop mechanisms to hire, train and retain employees. More ambitious, industry leaders need to work together across the business community to rekindle the STEM space to drive the impact of CSR.
And, although not the focus of this work, it goes without saying that companies need to develop skills to build diversity, fairness, inclusiveness, and workplace attribution. For companies competing in today’s workforce, this is no longer an option. This is a minimum requirement if you want the best people today to consider working for you.
Talent and technique are inseparable
There is no doubt that talent is a competitive advantage that accelerates Intel’s growth and IDM 2.0 strategy to expand and advance semiconductor manufacturing, innovation and product leadership. As former president Andy Bryant once said, “It starts with sand and everything else is added by our people.” Talent is the reason we succeed.
But talent is also a way to thrive as a global community of employers and employees who do their best every day to face the industry, the business community, and the highest and most important issues we challenge.
Intel has an amazing legacy of inventing and manufacturing products that improve the lives of everyone. The same kind of innovation has long lagging behind in the development of the global workforce. A more sustainable and equitable world can only be achieved by a highly skilled and purpose-oriented workforce that reflects the world’s desire to serve. A workforce pipeline that attracts world-class talent, creates life-changing technology, and actively contributes to a better world where we all want to live by focusing our workplace on the best and best outcomes for everyone. To build.
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