The Transformation of Working Life
Sustainably, skillfully, smoothly
Sustainable development requires conscious action at corporate and individual levels. Companies are expected to provide increasingly stringent sustainability reporting, while employees' ability to absorb information calls for new tools and perspectives. Meanwhile, modern financial transactions within the Eurozone are set to benefit from new digital solutions.
Reading time 6 min
New guidelines emerge for corporate sustainability reporting
The CSRD (Corporate Sustainability Reporting Directive) came into effect at the start of 2024 and will expand to include more companies in 2025 and 2026. Under CSRD, tens of thousands of companies will need to evaluate, verify, and report on their societal and environmental impact in greater detail. The directive is shaped to aid companies in examining their ecological footprint and identifying new pathways toward more responsible and sustainable business practices.
The goal of CSRD is to streamline and harmonise sustainability reporting across the EU, with the primary goal of embedding sustainable practices more deeply into daily corporate operations. The directive also applies to companies outside the European Union, provided their EU-based revenue exceeds 150 million euros.
The transition to CSRD compliance will occur in phases until 2026, with transition timeframes dependent on company size in terms of personnel and revenue. The first Finnish companies will need to submit sustainability reports as part of their 2025 financial statements, so in an ideal situation, efforts to meet the CSRD’s requirements are already well underway.
Sources:
European Commission
Ministry of Economic Affairs and Employment of Finland
The primary goal is embedding sustainable practices more deeply into daily corporate operations.
Only a learning organisation can emerge victorious in the age of AI
Traditional ways of working are in transition, but so is learning. Many experts speak of a metacrisis, where different crises, from climate change to the disruptions caused by artificial intelligence, are shaping the future. To stay competitive, companies must shake off outdated practices in competence development and embrace a new era of learning.
Amidst this upheaval, businesses face tough challenges: strategies need updating, and there’s plenty to learn. Organisational consultant and non-fiction author Karoliina Jarenko witnesses daily the struggles organisations face. Jarenko knows that constant renewal demands a lot from organisations.
“The next decade won’t be smooth sailing. It will be full of tough decisions and a reality that requires rapid adaptability.”
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Self-directed learning belongs to the whole organisation – and supports strategy
The old model of competence development has come to an end.
“In the traditional model, the HR department defines the skills needed to implement the strategy. HR assesses the current skill levels and orders training to bridge the gap,” Jarenko explains.
Teams and individuals must define for themselves the capabilities they need.
To stay relevant and competitive, organisations need to build a culture where everyone has the freedom and responsibility for their learning.
“Teams and individuals must define for themselves the capabilities they need to reach the goals set by leadership. We can’t centrally dictate what each person needs to learn in their role – it doesn’t allow for agility or self-direction,” Jarenko states.
When management supports employees’ learning capabilities, a self-directed learning culture spreads from individuals to entire teams and units.
“It’s the employer’s responsibility to ensure that employees have all the necessary support for learning – from tools to processes. When the right resources are in place, employees can use them to learn skills crucial to the strategy,” Jarenko notes.
Jarenko emphasises the need for a learning infrastructure.
“A learning infrastructure involves managing learning capabilities. This means developing all the skills related to learning, such as problem-solving and study techniques.”
AI development requires even more continuous learning
When AI entered the workplace a few years ago, we started learning to get along with it. As the pace of technological innovation quickens, both employees and organisations need to invest in staying ahead.
We live and learn alongside technology. It enables, not restricts.
“In the short term, we know that AI will change all ways of working and, in many cases, business models as well. However, we can’t yet imagine all the possibilities AI will unlock in the long term,” Jarenko analyses.
Many companies are currently developing new strategies considering AI’s impact on their business. From an employee perspective, the pressure to continually update one’s skills is increasing. In some cases, new skills may need to be mastered immediately or at least by the end of the day.
“We need to approach experimenting with new tools and features with an open mind: find 15 minutes in the middle of the rush, press the button, and see what happens. These tools are extensions of our brains, hands, and creativity,” Jarenko reflects.
“We live and learn alongside technology. It enables, not restricts. Technology isn’t a separate entity; it’s an integral part of how we experience reality.”
Work identity shouldn’t be anchored to current skills
As work evolves, it’s worth building your work identity around the significance of the work: why the organisation exists and what role each person plays. Significance anchors identity without dictating how things should be done.
“If an employee’s identity is tied to old ways of doing things and tools, we’re in trouble. We’ll be closing ourselves out of the future, even for a short period,” Jarenko notes.
Jarenko urges organisations to forget about passively waiting for business to recover and for life to return to how it was before the cost-saving measures. Now is the right time to renew the organisation and train people to operate according to the new strategy.
“A learning organisation is more than the sum of its parts, such as individuals or teams. It’s the manifestation of a collectively shared capability – how the acquired skills are applied in practice for the organisation’s benefit. The organisations that will succeed in the future are those that can adapt quickly and create a culture where learning is continuous and strategic,” Jarenko concludes.
From competence development to learning management
In today’s digitalised work environment, learning has become increasingly self-directed. Expected skillsets continue to expand and fragment throughout various expert positions. The modern work landscape also brings an element of time sensitivity to the equation, as new skills and competencies are expected to be acquired at an ever-accelerating pace.
Traditionally, competence development has been a part of organisational strategy, ensuring employee expertise supports the company’s internal goals. However, competence development alone is no longer sufficient. As AI, robotics, and process automation take on more central roles in administering and executing routine tasks, cultivating a culture of continuous learning becomes increasingly essential.
One of the key trends in the near future will be the ability to lead employee learning and build learning infrastructures that also support the company’s strategic objectives. The challenge is substantial, as these infrastructures must be designed to align with the company’s current state, future goals, and the endless sway of evolving job descriptions while also providing employees with enough autonomy to learn at a personalised level in meaningful and efficient ways.
Sources:
Sotenavigaattori (in Finnish)
Learning has become increasingly self-directed. Expected skillsets continue to expand and fragment throughout various expert positions.
Economy evolves as digital financial transactions diversify
The adoption of digital wallets and virtual cards is becoming more widespread across Europe as financial transactions are becoming more technologically diverse. Meanwhile, there are rising concerns around the security of digital currency, shared standards, and the level of oversight.
These concerns are being addressed by centralising efforts at the national level. The European Central Bank is currently spearheading a project to offer an electronic equivalent of cash: the digital euro. Currently, there is no European-based, unified digital payment option covering all Eurozone countries, and the digital euro would provide a comprehensive EU-wide solution.
Widespread account-to-account payments are also providing new options to users. Two-way transactions, popularised by apps like MobilePay and Finland's Siirto, will soon offer new ways to transfer money, split expenses, and create customised payment templates and e-invoices. Virtual cards tailored for one-time payments or specific business expenses will also make payments and expense management even more secure and convenient.
Sources:
European Central Bank
Eurocard
The European Central Bank is currently spearheading a project to offer an electronic equivalent of cash: the digital euro.