A study on virtual labs- reinventing the future work force development in Indian banking industry for future organisational sustainability

Futuristic organizational sustainability focus the path of maintaining or withstanding technological advancements, market changes, customer expectations, and employee needs. As innovations and developments occur in a rapid way, in banking sectors, enrichment and enhancement of work force according to the needs of future jobs is the major challenge. Future jobs and learning environment will meet a dramatic change posing difficulties in enriching workforce. Innovative labs are under construction in some banks, to deliver quicker banking solutions that delight the customer. In today's scenario, there is a need for constant skill development, bank can move towards virtual lab for constructing new models and design. According to McKinsey, by 2030, automation will rule the world posing threat for manually operated jobs. To make banking industry into a future sustainable environment, identifying the area for innovation and training workforce accordingly will bring successful solutions in a shorter span of time. This paper tries to analyze what kind of trainings are needed for employees to handle future banking jobs in a sustainable business environment.