North America Regional Analysis: Strengthening the human-centric core of Industry 5.0

Conclusion

Respondents in North America are intensely focused on the human core of Industry 5.0, with growth driven by innovation and human capital, and structural change driven by competing for the right talent to leverage digital advances.

The human dimension is attracting greater attention as technology continues to transform lives at work and at home, blurring distinctions and creating concerns around employee burnout and the ‘great resignation’.

Our research shows that this era needs people-focused leadership; attracting & retaining talent, inspiring teams and balancing employee and business needs. Employee needs and customer needs are on an equal footing, with HR expertise more fully recognized for its strategic value and delivery of people-centric outcomes.

Organizations face major challenges of rising costs, inflation, industry competition and potentially, national economic volatility. Maximizing the skills and capabilities of boards, leaders, executives and teams is an on-going priority as human ingenuity drives us forward.

As Industry 5.0 gains momentum, one of our respondents sums up how individual attitude and corporate culture can help us address some of our most pressing challenges: “Collaboration and cooperation should be high priority. We succeed by working together, where all minds are engaged and the best ideas come from anywhere in the organization. Asking the right questions and bringing everyone together to work out solutions is a powerful organizational model”. 

More than ever before, business leaders need to face inwards as well as outwards.

>> Read Boyden Global Executive Survey: Strengthening the human-centric core of Industry 5.0 <<

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