Asian Executives Turn to Younger Workers for Productivity Boost

Asian executives are grappling with stagnant productivity levels, a challenge that is becoming increasingly pressing as the region's economies mature. The traditional solution of hiring more people to boost productivity is no longer viable due to aging populations and rising labor costs. This shift is prompting a rethinking of talent strategies and the role of human resources in the workplace.

The rise of artificial intelligence (AI) is further complicating the landscape, with organizations struggling to integrate these new technologies effectively. While many Asian companies express a desire to adopt AI, particularly "agentic AI" that can autonomously carry out tasks, the implementation of these technologies remains a challenge, especially for older executives with limited experience in this area.

One potential solution to the productivity conundrum is to give younger workers more say in how things are done. Executives like Simon Tate, Asia-Pacific president for Workday, argue that involving younger generations in decision-making processes can foster a sense of ownership and engagement, thereby boosting productivity. Tate notes that Asia’s workplaces will soon be home to five different generations, with Generation Alpha, the youngest workers, possessing a higher degree of digital fluency than previous generations combined.

According to a recent report, around 80% of Gen Z workers in Asia-Pacific want to have the most modern technologies in their workplace, and just over two-thirds of these workers would see the lack of cutting-edge technology as a negative. Tate suggests that companies consider "reverse mentoring," where younger employees train older cohorts in how new technologies can be best applied. This approach not only leverages the digital fluency of younger workers but also fosters a culture of continuous learning and adaptation.

Moreover, the integration of data, technology, and trust in people strategies can further boost organizational well-being and culture. Enhancing the people strategy with these elements can lead to sustainable growth and higher productivity levels. This approach not only addresses the immediate concerns of productivity but also lays the groundwork for long-term success.

In conclusion, the solution to the productivity concerns of Asian executives may lie in giving younger workers more autonomy and involvement in decision-making processes. By empowering employees and focusing on their well-being, organizations can create a more productive and sustainable work environment. This approach, coupled with the integration of data and technology, can help organizations navigate the challenges of a tech-driven world and achieve long-term success.