Guest Column: Priyanka Agrawal, Co-founder, COO and Chief Strategy Officer, Fractal Ink … Register for Winning in the 2020s: Six Trends Every Midsize Company Needs to Know. For years, generations actually, baby boomers ruled the land. The future of work … Karl Marx famously said, “Workers of the world, unite!” These days, a more appropriate phrase may be, “Workers of the world, disintegrate!”. The first two revolutions were about mass production. January 9, 2020 / Business Technology, Executive, Expertise. They will expect to be remote and to be given the tools and freedom to work this way. Future of work trends also show organizations putting greater emphasis on environmental sustainability. Share with us on social media. [Updated on June 13, 2020] Remote work is changing how the global workspace operates. But no longer. This will help benefit both businesses and their employees, by improving productivity, profitability and … ), I started out back in the day working for a big firm in the big city. In 2020, we can expect to see even more innovations that will shape the future of work and beyond. Our team of experts helps businesses achieve end-to-end transformation and ongoing optimization. Artificial intelligence, automation, and robotics will make this shift as significant as the mechanization in prior generations of agriculture and manufacturing. Technology should be utilized in the digital transformation journey to help navigate economic uncertainty by finding efficiencies, making more accurate demand forecasts, and promoting agility. Indeed, tracking trends in business is something that has become a bit of a cottage industry for me, and mostly (although far from totally) I have been right. While AI and automation won’t replace the need for humans, in 2020 we expect to see more robust and strategic technology used to bolster the workforce of the future. This revolution is about breaking free of geography. For ages, cities offered tax breaks and other incentives to try to get employers to relocate to their area. And get this: According to one survey I just saw, the majority of the U.S. workforce will freelance to some degree by 2027. In 2020, professional services firms will struggle with how AI can … While reducing paper usage is certainly part of that ( the average office worker prints more than 10,000 pages a year ), minimizing the need for physical delivery of documents as well as in-person meetings can also be impactful. As Strategy+Business put it, “…you can no longer treat investments in these areas as a cost, as you might have in the past — you now need to view these investments as a means to unlock value.”. Of course, a side hustle can be almost anything, be it driving for Lyft or selling on Etsy, but whatever the case, the advent of the gig economy means that side hustles are not unusual. Similarly, millennial employees expect to not only be able to work virtually and flexibly, but also, they expect that they will be given the tools and freedom by their employer to do so. SHEA Global is on Twitter, Facebook, and LinkedIn. I also had a big commute. Need service or support? Download the IDC infographic, sponsored by SAP, “The Roaring 2020s – Six Trends Midsize Companies in the Next Decade.” And we invite you to join our upcoming webinar for a deeper dive into each of these trends and what you can do now to take advantage of them. “As technology untethers society, and remote work becomes the norm, people will live in the cities of their choosing, rather than the ones that are nearest to where they work. Hiring the right candidate is essential for every organisation, and that’s the core … The resulting report, 2020 Future of Work Report: What the Future Holds for Coworking & Remote Work, ... Future Trends for the Flexi-Workspace. We are officially in a new decade. Perhaps more importantly, they also expect tech to be the number one driver of change in the next 18 months. Ignore them and, well, don’t blame us if your partner leaves … We’ll find you a solution. Do so and you’ll have perfect vision about where to place your bets. Freepik. , SMB If you disable this cookie, we will not be able to save your preferences. While some jobs will be lost, and many others created, almost all will change. So, as it turns out, I was a bit of a forerunner in that regard. Globally, the economy is predicted to face some challenges in 2020 – namely trade uncertainty, interest rate changes (such as the recent U.S. Federal Reserve cuts), slowed down global growth, and increased international competition. , Future Of Work Premium Over the past 10 years, the global business landscape has dramatically transformed. Learn how leading companies use knowledge, intuition and empathy to build inclusive prosperity and bright futures in the future of work. Steve Strauss is a best-selling author and senior USA TODAY small business columnist whose content and media appearances reach millions. Over the past 10 years, the global business landscape has dramatically transformed. What changes could be in store for the workplace, the workforce, and the nature of work itself? This year, 2019, saw a changing of the demographic guard – there are now 73 million millennials vs. 72 million baby boomers. Technologies. Now, of course, remote working is all the rage, but it wasn’t then. Below are 13* dynamics to pay attention to in the next 12 months. While the exact answer can vary by organization, we gain much insight by looking at the overall movements shaping modern industry. , 2020 Strategies And Insights For Midsize Companies Series The future of work is already here, and the way we work and interact with companies is changing ever ...[+] faster as we move into 2020. Standard hiring. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. We are no longer using cookies for tracking on our website. They were – by far – the largest generation ever in the history of the United States, and their effect was seen and felt everywhere: from music to culture to, yes, business. We can help navigate trends in 2020 and beyond. If you’re wondering what’s ahead for the future of work, read on. The cities of their choosing will have a certain “vibe” by offering attractive living options in tech-friendly environments.”. © Digitalist 2021. Just look at what the mayor of San Jose, California, wrote in his op-ed for the Wall Street Journal, “Why I’m Not Bidding for Amazon’s HQ.” Mayor Liccardo explained: “Luring new corporate offices like those of Amazon to cities would only perpetuate an unsustainable cycle. But will these changes persist into the future? Driven by accelerating connectivity, new talent models, and cognitive tools, work is changing. And they are using the digital tools that companies like SAP are creating to forge something altogether new and surprisingly analog: A better, more connected way of working with each other, with employees, with employers, and with customers. While uncertainty may be coming in 2020, digital solutions are what will help guide businesses through the doubt with big data, predictive analytics, and more efficient workflows. Artificial intelligence has allowed companies to make more data … Many organizations have reaped the rewards of transforming the manufacturing planning process from traditional to demand-driven. At the same time, consumers are also demanding more from businesses — more transparency, more sustainability, and more personalization. Are you ready for flextime and remote work and BYO devices and gig workers and all the rest? This confluence – of millennials, technology, and attitudes – means that your staff will increasingly expect to work when, where, and how they want. For instance, order fulfillment automation is an emerging trend that can fill orders faster with less overhead and resources — plus it limits the need for skilled staff members. So yes, of course, the 9 to 5 era is fading away, and the one of flexible work is just getting started. Download Mercer’s 2020 Global Talent Trends Study today. (Of course, the youngest workforce generation is leading the way, with almost half of millennials freelancing already.). For example, one thing you will see throughout this blog is that the very nature of work is changing; younger workers expect more out of work and their employers. The three areas they emphasized were: At the same time, many manufacturers have reported skill gap challenges, with potential candidates not possessing the skills needed to perform the role or grow with the company in the future. “People know that place-bound work no longer makes sense. The upshot of all of this is that what people are increasingly looking for in this technologically driven society is something more. 19-December-2019 Automation of routine work with artificial intelligence (AI), digital dexterity, and hybrid work with distributed workforce will be three key trends impacting the future of work, according to Gartner. Future of work: Trends from 2020 that are here to stay. For instance, Material Handling & Logistics reported that researchers at the University of Washington have used machine learning to develop a system that assesses ergonomic risk for warehouse workers. We’re often talking about the “future of work”, when in fact those new ideals and workplace needs aren’t being met in the “right now” of work. These global trends present challenges for businesses, but also the opportunity to excel. As technology continues to get smarter and changing ways of working continue to impact workplace design, we explore which key trends are shaping the future of the office for 2020 and beyond… Coworking challenges the traditional office. 2020 opportunities By utilising technology, supporting wellbeing and encouraging flexible working, new generations are able to keep up with the evolution of the modern workplace. Cain highlights three overarching future work trends expected in developed nations in the 2022 – 2026 time frame, along with some of their key impacts. Executives and recruiting professionals are worried about the health of their industries and the demand for skilled workers, according to the 2020 Future of Work Report. Your bets to lure corporations to a city is pay attention to in the 2020s s transformation! Organic artificial intelligence, automation, and cognitive tools, work has changed drastically reported that 2020. You think we ’ ll see in 2020, we gain much insight by at... Businesses — more transparency, more sustainability, and more possible to $. Software Company recruits medical technology professionals and trains them for information technology roles Needs to know which will... This is that companies are making remote work and BYO devices and gig workers and all rage! 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