1/3rd of companies will fail at ‘anywhere work’ in 2022: Research

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1/3rd of companies will fail at 'anywhere work' in 2022: Research

New Delhi, Nov 22 | As hybrid workplaces are set to redefine the future of work in the new normal, one-third of companies will fail at the meeting ‘anywhere work’ goals, and it will not be the Covid virus’ fault.

According to global research firm Forrester, 100 per cent of companies will fail at adjusting compensation during the post-pandemic surge.

However, employee recognition programmes will get a boost from 1 per cent of total compensation to as much as 2 per cent next year.

“Companies have a lot of decisions to make — about where people can work, what tools they should have available for work, and how managers can shift to becoming more like coaches than supervisors,” the report noted.

Employees today want different things, improved resources to enable their success at work, and they may even want different outcomes for their careers. They see evidence suggesting that they can ask for and receive the reasonable things that they want.

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In this backdrop, just 48 per cent of large organisations in the US have a dedicated programme for employee experience (EX).

“That number will rise to 65 per cent as more executives watching their monthly quit rates go as high as 2 per cent will suddenly become EX advocates of the highest order,” the report added.

The employee experience budgets will go up, so will investments in automation and robotics designed to complement the human workforce.

“A large company will even announce that it’s capping its human workforce at its current levels and instead aiming to expand its capacity through automation and robotics,” according to Forrester.

Such a bold move, rather than signalling the dehumanisation of the workforce, will represent a commitment to those who already work there, giving them enhanced roles as automation confers upon them the equivalent of work-ready superpowers, the report said.

Source: IANS

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Weekly Technical Share Market Outlook

Weekly Technical Share Market Outlook

The Indian market recovered sharply on the last trading day amid the weekend after a continuous fall. Market has managed to halt above 16000 Nifty levels after continuous losing streak. Index reacted violently, grasping Indian as well as global factors throughout the week. Simultaneously, Inflation is catching up and profit margins are taking a hit.

 

Sensex advanced 1532 points or 2.90 percent while Nifty gained 484 points or 3.07 percent in a week. Simultaneously, Bank nifty has overcome bear’s dominance ending the session with 3.49 percent gain. Sectorally,Nifty Metal saw the highest gains of 7.40 percent followed by the Realty and Auto added over 4% gain. On the flip side Nifty IT tumbled 2.82 percent on weekly basis. Midcap and Small Cap measures rising nearly 2 percent as well.

In Nifty stock, EICHERMOT gained 11.31% while TECHM lost 5.98% on a weekly basis. INDIA VIX closes at 23.10 suggests volatility driven market is going to remain intact. Coming to the OI Data, on the call side highest OI witnessed at 17000 Nifty followed by 16800 Nifty strike price while on the put side, the highest OI was at 16000 Nifty followed by 15800 Nifty strike price. Technically, Nifty has formed a Tweezer Bottom type pattern in the weekly chart suggesting a short term buying rally may drive the market until monthly expiry. On the daily chart, price has rebounded from the lower Bollinger band as well.

Momentum indicators MACD & Stochastic were trading with a positive crossover & reversed from oversold zone. However, Index is still struggling to get the support of 50 Simple Moving Average in daily chart. Short term investors and traders are advised to work with option strategies to neutralize the volatility. Overall, Nifty is having support at 15700 mark while on the upside 16700 followed by 16500 may act as an immediate resistance. While Bank nifty has support around 32500 while resistance is placed at 36000 on weekly chart.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

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