Core Insights - Despite rapid growth in Asian economies, they face a stagnation in productivity, primarily relying on incremental investments rather than improvements in total factor productivity [1][2] - Southeast Asian leading companies have consistently shown lower productivity growth compared to global averages throughout the 2010s, with concerns raised by executives regarding issues like aging populations and ineffective public policies [2] - The traditional approach of increasing workforce numbers to solve productivity issues is becoming unsustainable due to labor shortages and an aging workforce [3] Group 1: Productivity Challenges - Asian economies are experiencing a productivity stagnation, with GDP per capita ratios indicating a lack of progress or even decline [2] - Executives express concerns about productivity issues stemming from various factors, including demographic changes and the rise of remote work [2][3] - The reliance on cheap labor for expansion is diminishing as economies become wealthier and face labor shortages [3] Group 2: Technological Adoption - There is a strong desire among Asian companies to adopt new technologies, with 90% planning to implement some form of generative AI in the next three years [4] - However, the actual application of AI models presents significant challenges, particularly for older executives with little experience in AI [5] - The workplace is expected to see a multigenerational workforce, with younger generations being more digitally literate and expecting advanced technology in their work environments [6][8] Group 3: Generational Dynamics - The younger generation, particularly Generation Alpha, is anticipated to have superior digital skills compared to previous generations, yet current HR leaders are unprepared for this shift [7] - Companies are encouraged to view younger employees as essential sources of expertise and to implement reverse mentoring programs to facilitate knowledge transfer [9][10] - The composition of boards in leading companies still predominantly features older generations, highlighting a gap in representation of younger voices [10]