In the age of rapid digital transformation, Experimentation is very crucial. Thomas Alva Edison once said that the real measure of success is the number of experiments that can be crowded into twenty-four hours. Human Resources should plan, design, and run experiments in 2022 for optimal labor and reskilling strategies. History has some great examples outlining the power of Experimentation. In 2012, the Lotus F1 team surprised many observers with its success in first Formula One season. Even with smaller budgets, Lotus achieved this. How did they do it? Before the season, Lotus loaded all race track characteristics into an in-house simulator. Lotus viewed this as a crucial experiment in preparation. Any small change in performance was studied and driver feedback incorporated for every test. Design changes were recommended, and they incorporated well over 30,000 changes and perfected the racing conditions well before the actual race. Such is the power of experiments. Experiments can fail at times as well. But it is important to fail soon and learn from them.
This email is about a few experiments that Human Resources can attempt perfecting in 2022. A win in any of these experiments will help companies perfect their labor and recruitment strategy
