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. Driving Employee Experience. Learn how leading companies use knowledge, intuition and empathy to build inclusive prosperity and bright futures in the future of work. 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. As robotics, AI, the gig economy and crowds grow, jobs are being reinvented, creating the “augmented workforce.” We must reconsider how jobs are designed and work to adapt and learn for future growth. In the last four months, work has changed drastically. 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. Ignore them and, well, don’t blame us if your partner leaves … January 9, 2020 / Business Technology, Executive, Expertise. These global trends present challenges for businesses, but also the opportunity to excel. Future of work: Trends from 2020 that are here to stay. 2019 was the year that burnout–a syndrome resulting … And get this: According to one survey I just saw, the majority of the U.S. workforce will freelance to some degree by 2027. OK, so with that disclaimer out of the way, here is my take on the top trends coming down the pike to a business near you: I don’t use the word “radically” lightly or often, but it is appropriate here. Future of Work The world of work is changing. , 2020 Strategies And Insights For Midsize Companies Series For years, generations actually, baby boomers ruled the land. In 2020, we can expect to see even more innovations that will shape the future of work and beyond. For businesses, innovation offers many exciting opportunities; however, it can be difficult to know which advancements will be the most beneficial. Download Mercer’s 2020 Global Talent Trends Study today. ), I started out back in the day working for a big firm in the big city. In 2020, SYSPRO CIO Kevin Dherman predicts that advanced food tracking and packaging will play a pivotal role in risk detection vs. disaster recovery. 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. 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. Although I don’t practice law anymore (I came to my senses long ago, thank you very much! In a trend that is showing no signs of slowing down, remote work is … , SMB And I mention this, not out of ego (well, maybe a little bit) but more because the trends that are coming down the pike will affect a business near you or, more likely, yours. Future of Work, Part 2 of the “2020 Strategies and Insights for Midsize Companies” series, Although I don’t practice law anymore (I came to my senses long ago, thank you very much! Indeed, whereas work used to be a place where you go, now it is something that you do. Bye-bye, boomer dominance. I also had a big commute. This means that every time you visit this website you will need to enable or disable cookies again. Your ideas about different coworking spaces are very helpful. | Steve Strauss is a best-selling author and senior USA TODAY small business columnist whose content and media appearances reach millions. As competition increases, improving the customer experience and the supply chain process will become increasingly important. Need service or support? According to IDC Manufacturing Insights, by the end of 2021, half of all manufacturing supply chains will have invested in supply chain resiliency and AI resulting in productivity improvements of 15%. It is being driven by the technology to help us do that. 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. 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. , Small And Midsize Businesses Over the past 10 years, the global business landscape has dramatically transformed. Karl Marx famously said, “Workers of the world, unite!” These days, a more appropriate phrase may be, “Workers of the world, disintegrate!”. Big data, the cloud, the internet of things, robots, automation, video, collaboration … The HQ2 race only exemplified what an old, outdated strategy trying to lure corporations to a city is. , Remote Work Freepik. Share with us on social media. Many organizations have reaped the rewards of transforming the manufacturing planning process from traditional to demand-driven. JustCo Launches Digital Future of Work Platform with Ground-Breaking Innovations Switch and SixSense. [Updated on June 13, 2020] Remote work is changing how the global workspace operates. We can help navigate trends in 2020 and beyond. They don’t see the work/life balance problem that many older and female workers do; work/play/life is all the same thing for them. This confluence – of millennials, technology, and attitudes – means that your staff will increasingly expect to work when, where, and how they want. 1 Comment Mycoworking Space on May 22, 2020 9:45 am. At the same time, consumers are also demanding more from businesses — more transparency, more sustainability, and more personalization. Download Mercer’s 2020 Global Talent Trends Study today. We are officially in a new decade. © Digitalist 2021. 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. Part 2 of the “2020 Strategies and Insights for Midsize Companies” series. Because I can tell you, big businesses are, and as a result, they will snag the best and the brightest if you don’t keep up with these changes and pivot accordingly. Much of this has to do with the fact that younger workers are increasingly choosing lifestyle over work. For businesses, innovation offers many exciting opportunities; however, it can be difficult to know which advancements will be the most beneficial. If you disable this cookie, we will not be able to save your preferences. The cities of their choosing will have a certain “vibe” by offering attractive living options in tech-friendly environments.”. The third turned us into knowledge workers bound in offices. “People know that place-bound work no longer makes sense. Artificial intelligence, automation, and robotics will make this shift as significant as the mechanization in prior generations of agriculture and manufacturing. They will expect to be remote and to be given the tools and freedom to work this way. Hiring the right candidate is essential for every organisation, and that’s the core … What global business trends do you think we’ll see in 2020? Do so and you’ll have perfect vision about where to place your bets. For starters, millennials do business very differently. The first two revolutions were about mass production. The rising importance of the user interface has … So after about a year, I proposed that I be allowed to, as we called it back then, “tele-commute.”. Another trend for businesses struggling with a labour shortage is to employ technology to perform skilled roles. Technology can also help achieve a better brand reputation, such as through improving production process sustainability and reducing businesses’ carbon footprints by using a demand-driven operating model. According to a recent survey by Bankrate, nearly 40% of all Americans now do their own thing and have a side hustle. Mental health conversations in the workplace. The talent war of the future will no longer be between companies, it will be between cities. Future of Work Disruption lies ahead. Below are 13* dynamics to pay attention to in the next 12 months. , 2020 Predictions, How To Lead A Midsize Business Through Times Of Risk And Unpredictability, Midsize Retailers Expand Their Communities In Response To Crisis, Four Reasons Why Professional Services Can Emerge Stronger From Extensive Disruption. 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. Harvard Business Review reported that In July 2019, Amazon announced plans to invest $700 million to upskill 100,000 employees. “At the World Economic Forum, we call this the Fourth Industrial Revolution. Over the past 10 years, the global business landscape has dramatically transformed. Innate liking for flexible work schedules. 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. Collaboration technologies, like Microsoft’s Office 365, Slack, and Google Hangouts, along with the ability to find work online via sites like ours, make it possible to work anywhere.”. Measure adaptability quotients (AQ) instead of IQs. Instead, what we are increasingly seeing is that cities like Portland, Austin, and the like are highlighting their towns as a great lifestyle choice for today’s top talent, emphasizing things like affordability, nightlife, and sustainability. What is it about coworking? Welcome to the future of work… Apply for a new position using a biometric CV. SHEA Global is on Twitter, Facebook, and LinkedIn. Standard hiring. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. As a way to manage this potential risk, 53 percent of respondents will be looking to the remote workforce to fill the gaps that they anticipate experiencing in 2020 and beyond. But will these changes persist into the future? The future of work GetSmarter’s ‘The Future of Work Is Here’ report revealed that a majority of respondents point to technology as one of the main drivers of change within their organizations over the past 18 months. This year, 2019, saw a changing of the demographic guard – there are now 73 million millennials vs. 72 million baby boomers. We live experientially. 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. As opposed to boomerpreneurs, millennials adopt new technologies easily and quickly. While some jobs will be lost, and many others created, almost all will change. But no longer. Worker digital dexterity will become critical. This will help benefit both businesses and their employees, by improving productivity, profitability and … As Stephane Kasriel, the CEO of the remote working platform UpWork, explains. That is why I was very happy when SAP asked me to write a blog on the top trends I see for business generally, and small business specifically, for 2020 and beyond. 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. 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.”. If you’re wondering what’s ahead for the future of work, read on. He can be reached at www.MrAllBiz.com. 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. Supply chain innovations abounded in 2019, and it’s predicted that in 2020 more businesses will continue to find improvements. Driven by accelerating connectivity, new talent models, and cognitive tools, work is changing. For ages, cities offered tax breaks and other incentives to try to get employers to relocate to their area. © 2021  SHEA Business Solutions | info@sheaglobal.com, The Jobs of Tomorrow: Using People and Technology to Bridge the Skills Gap, Demand-Driven Inventory and Process Optimization, Global Economic Uncertainty and Consumer Expectations. Are you ready for flextime and remote work and BYO devices and gig workers and all the rest? Technologies. , Future Of Work Premium A survey by the Global Workplace Analytics and FlexJobs found that remote work has grown 91% over the last 10 years, and various research has concluded that by 2020… In 2020, we expect to see demand-driven operating models becoming the norm. We’ll find you a solution. Here are the global business trends we predict will be game changers this year: LinkedIn recently released its Jobs of Tomorrow report for 2020, predicting emerging jobs for the next year. 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. “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. More information about our Privacy Statement, 2020 Strategies and Insights for Midsize Companies, rather than the ones that are nearest to where they work, The Roaring 2020s – Six Trends Midsize Companies in the Next Decade, Winning in the 2020s:  Six Trends Every Midsize Company Needs to Know, 2020 Strategies And Insights For Midsize Companies Series. The 9-to-5 work schedule has for long been second nature … The future of work: Top collaboration trends for 2020 As we move into a new decade, we continue to battle the workplace practices of the 20th century. In 2020, we can expect to see even more innovations that will shape the future of work and beyond. Other notable innovations in supply chain automation have also gained traction in 2019. 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. More freedom, better work, more connections, better choices. Our team of experts helps businesses achieve end-to-end transformation and ongoing optimization. What changes could be in store for the workplace, the workforce, and the nature of work itself? So, as it turns out, I was a bit of a forerunner in that regard. The good news is that companies are making remote work easier, more productive, and more possible. Reach out to us today for a consultation. Leaves … Technologies the upshot of all Americans now do their own and... Demanding more from businesses — more transparency, more sustainability, and will! To help us do that what changes could be in store for the workplace, the youngest workforce is. 13, 2020 / business technology, Executive, Expertise tax breaks and other incentives to try get! Tracking on our website something that you can capitalize on today and freedom to this! Businesses in the 2020s: Six trends every Midsize Company Needs to to... 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