Skip to content
Tiatra, LLCTiatra, LLC
Tiatra, LLC
Information Technology Solutions for Washington, DC Government Agencies
  • Home
  • About Us
  • Services
    • IT Engineering and Support
    • Software Development
    • Information Assurance and Testing
    • Project and Program Management
  • Clients & Partners
  • Careers
  • News
  • Contact
 
  • Home
  • About Us
  • Services
    • IT Engineering and Support
    • Software Development
    • Information Assurance and Testing
    • Project and Program Management
  • Clients & Partners
  • Careers
  • News
  • Contact

Improving employee experience in the hybrid workplace with Microsoft 365

Though three-quarters of U.S. employers now offer hybrid work, some banks and insurance companies have been slow to embrace this emerging work model. We spoke with Ashok Krish, Global Head of Digital Workplace at TCS, about how hybrid work will impact employers – and their employees – in the financial services industry.

How will hybrid work change the employee experience in the financial services industry?

It will enable employees to shift from work processes designed for the last century to a fluid environment where they can easily share information, discover a wider range of people to collaborate with outside silos, exchange ideas, and create new products and services. Banks developed the traditional office model, using physical inboxes, outboxes, and carbon copies to transmit information. Early software programs simply digitized these desk-based procedures, and banks still use them.

Modern technology vastly broadens communication modes and enables real-time analytics and immersive experiences. In a hybrid workplace, you need to give everyone access to these capabilities, whether they are in the field, at home, in the office, or in transit. Financial services organizations that succeed with the hybrid model will greatly enhance the employee experience. They will attract a global talent pool, building a highly skilled, diverse, and motivated workforce, which is critical for an industry whose business model is innately digital in nature.

What are some of the challenges hybrid work poses for employers in the financial sector?

Banks and insurance companies carry large volumes of sensitive personal information and are heavily regulated. As a result, they have developed an information-security mindset that focuses on prevention rather than enablement. Systems and departments are very siloed, making it difficult for employees to gain access to the tools and information they need.

To succeed with hybrid work, financial services organizations will have to rethink how information flows. Decision-making cannot be restricted to the top—it needs to happen at the edge, among teams and individuals. To make informed decisions, employees must be provided with better access to corporate analytics, reports, and tools.

Another challenge is legacy technology. Financial companies often have multiple types of hardware and 20 or 30 versions of similar software, each with its own set of tools. Their rate of adopting new technologies is exceedingly slow. This makes it challenging to innovate and provide the seamless, integrated experience employees expect.

Microsoft’s Work Trend Index found that 48% of employees and 53% of managers say they are burned out at work. What can employers do to improve employee engagement and reduce stress in the hybrid workplace?

Employers need to fundamentally rethink the rituals of work. Financial services managers spend about 80% of their time in meetings, which aren’t necessarily productive. Every minute spent being muted in a meeting is a minute wasted. Employees waste time finding information, finding people, setting up meetings, and cleaning data. Everyone spends more time looking for information than acting on information. It’s a discouraging, stressful environment.

To change it, managers must transform their processes and their culture. They must embrace new technology stack metaphors (such as Microsoft Teams vs. email) to become more efficient. They must learn to become effective facilitators of digital processes and distributed teams.

How can financial organizations use technology to improve communication, collaboration, and productivity, while maintaining security and preventing fraud?

Financial organizations can no longer expect employees to attend town hall meetings and read company newsletters. Technology can help them target the right messages to the right demographic in the right form factors. For example, you can ask ChatGPT to reduce a 900-word report to a 50-word summary or generate a video, which you can send on a mobile phone.

Tools like Microsoft Teams break down silos and enable collaboration across the organization. Once managers set access controls, the platform worries about security, freeing people to exchange ideas without constraint. But at the same time, the design and configuration of these collaboration systems will make the difference between creating a noisy, unproductive culture of collaboration and a personable, productive one.

Automation, AI, and the cloud can save employees tremendous amounts of time. Instead of attending two-week training sessions, employees can receive nudges from a virtual assistant to acquire new skills as they work. In the near future, knowledge assistants powered by large language models, purpose-built for specific industry domains, will augment every employee’s productivity by providing contextual knowledge on demand. Robotic process automations streamline approval processes and free IT workers from pushing updates and patches.

These capabilities can help to eliminate workplace pain points, greatly improving the employee experience. Without a great employee experience, you cannot create a great customer experience.

At the same time, companies must maintain secure environments and prevent fraud. Companies must invest in newer tools that give them wider and deeper visibility into their threat landscape and leverage built in AI and machine learning to proactively manage threats and reduce alert fatigue. The future of security is to largely automate responses to standard threats while investing in education and change management to prevent social engineering and attacks on individuals.

How does TCS help organizations reimagine the future of work for their employees?

We provide a comprehensive solution combining infrastructure, applications, and human resources expertise into a single package that helps financial organizations deliver an outstanding hybrid work experience. My group includes people who do everything from designing applications to mapping workflows to managing the inner workings of a cloud framework, including reinventing productivity and the future of work with AI using Microsoft 365 Copilot.

TCS also invests in behavioral science research to help organizations prepare for the workplace of the future. How can financial companies accommodate gig work? How should AI collaborate with human beings? No one knows the answers to these questions yet, just as no one knew until recently how to manage hybrid work. By peering into cutting edge technology, we can pass along insights that keep our clients ahead of the curve.

Discover how you can transform meeting culture, help managers to be more effective, and drive employee engagement.

functional

Tata Consultancy Services

Ashok Krish, Global Head of Digital Workplace, TCS
Ashok Krish is the Global Head of the Digital Workplace unit at TCS, which helps customers reimagine the future of work for their employees. His team works at the intersection of design, technology, and behavioral science, and helps conceptualize and implement modern, persuasive, and immersive employee experiences. Outside of work, he is a columnist, musician, and a food science enthusiast.

Financial Services Industry, IT Leadership, Remote Work
Read More from This Article: Improving employee experience in the
hybrid workplace with Microsoft 365

Source: News

Category: NewsApril 4, 2023
Tags: art

Post navigation

PreviousPrevious post:Leveraging CIO experience into corporate board workNextNext post:Your Data Architecture Holds the Key to Unlocking AI’s Full Potential

Related posts

휴먼컨설팅그룹, HR 솔루션 ‘휴넬’ 업그레이드 발표
May 9, 2025
Epicor expands AI offerings, launches new green initiative
May 9, 2025
MS도 합류··· 구글의 A2A 프로토콜, AI 에이전트 분야의 공용어 될까?
May 9, 2025
오픈AI, 아시아 4국에 데이터 레지던시 도입··· 한국 기업 데이터는 한국 서버에 저장
May 9, 2025
SAS supercharges Viya platform with AI agents, copilots, and synthetic data tools
May 8, 2025
IBM aims to set industry standard for enterprise AI with ITBench SaaS launch
May 8, 2025
Recent Posts
  • 휴먼컨설팅그룹, HR 솔루션 ‘휴넬’ 업그레이드 발표
  • Epicor expands AI offerings, launches new green initiative
  • MS도 합류··· 구글의 A2A 프로토콜, AI 에이전트 분야의 공용어 될까?
  • 오픈AI, 아시아 4국에 데이터 레지던시 도입··· 한국 기업 데이터는 한국 서버에 저장
  • SAS supercharges Viya platform with AI agents, copilots, and synthetic data tools
Recent Comments
    Archives
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023
    • June 2023
    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    • November 2020
    • October 2020
    • September 2020
    • August 2020
    • July 2020
    • June 2020
    • May 2020
    • April 2020
    • January 2020
    • December 2019
    • November 2019
    • October 2019
    • September 2019
    • August 2019
    • July 2019
    • June 2019
    • May 2019
    • April 2019
    • March 2019
    • February 2019
    • January 2019
    • December 2018
    • November 2018
    • October 2018
    • September 2018
    • August 2018
    • July 2018
    • June 2018
    • May 2018
    • April 2018
    • March 2018
    • February 2018
    • January 2018
    • December 2017
    • November 2017
    • October 2017
    • September 2017
    • August 2017
    • July 2017
    • June 2017
    • May 2017
    • April 2017
    • March 2017
    • February 2017
    • January 2017
    Categories
    • News
    Meta
    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    Tiatra LLC.

    Tiatra, LLC, based in the Washington, DC metropolitan area, proudly serves federal government agencies, organizations that work with the government and other commercial businesses and organizations. Tiatra specializes in a broad range of information technology (IT) development and management services incorporating solid engineering, attention to client needs, and meeting or exceeding any security parameters required. Our small yet innovative company is structured with a full complement of the necessary technical experts, working with hands-on management, to provide a high level of service and competitive pricing for your systems and engineering requirements.

    Find us on:

    FacebookTwitterLinkedin

    Submitclear

    Tiatra, LLC
    Copyright 2016. All rights reserved.