key trends in the future of work
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UNLOCKING THE FUTURE OF WORK Creating 21st Century Organizations that are Innovative, Collaborative and Global
Ayelet Baron| Futurist November 14, 2013 ayeletbaron.com
ayelet27@gmail.com Twitter: @ayeletb
Key Trends: Setting the Stage © 2013 Simplifying Work. Ayelet Baron
People First will Drive Results
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SURVEY SAYS
Organizations that put their people first will have a huge advantage
According to Gallup, 3 in 10 employees are engaged at work
DeloiAe’s ShiD Index indicates that 20% of workers like their jobs
© 2013 Simplifying Work. Ayelet Baron
We Are Still Operating with 20th Century Practices in A 21st Century Work World 2
© 2013 Simplifying Work. Ayelet Baron
20th Century We may have cubicles but we are sOll operaOng like it’s 1954. You drive to the office to sit in a cube.
© 2013 Simplifying Work. Ayelet Baron
Workplace Demographics Are Shifting
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SHIFTS By 2025, over 75% of the workforce will be comprised of Millennials. That’s just over 11 years away.
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BUSINESS MEASURED BY SOCIETAL VALUE
Millennials, relative to older generations, are all about giving back to communities that align with their core values
http://strategicphilanthropyinc.com/the-next-generation-of-philanthropy-engaging-millennials-in-your-corporate-giving-efforts/
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MORE SHIFTS
82% of workers 50+ say it is at least somewhat likely they will work for pay In retirement. And 47% expect to retire later than they previously thought AP-NORAC Center for Public Affairs Research
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The emergence of women at work
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HUMAN CENTRIC
Work — at the level of the economy, business, and individual — is changing faster than ever before. People become more important than ever to create and execute strategies.
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Employees are increasingly looking for personal growth, purpose recogniOon, access, influence, impact
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6Global demographics will shape the workplace
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GLOBALIZATION From 2012 to 2030 there will be a decline of 40M workers in developed countries. By 2020, developed countries will need +40M workers. In developing counOes, there will be an increase in 1B workers −Hot Spots Movement
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TALENT GAPS
Significant talent gaps expected from 2020 and beyond in parts of the world while others will be challenged by employability
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The Contingent Workforce Will Change Business 7
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Source: Future of Work: MBO State of Independence 2013 Study, Emergent Research
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INDEPENDENT WORKFORCE
By 2020, over 40% of the workforce will be conOngent
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Source: Future of Work: MBO State of Independence 2013 Study, Emergent Research
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INDEPENDENT WORKFORCE
Independents spent $96 billion hiring the equivalent of 2.3 million FT workers via contract hiring. 1 in 4 hired others on a contract basis.
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http://www.slideshare.net/matthewpanzarino/moritz-tc-disrupt-talk?ref=http%3A%2F%2Fwpcomwidgets.com%2F
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WORKING ANYWHERE
Average amount of office space per employees in the U.S. dropped from 400 square feet to 250 and will be reduced to 150 (NYT). 47% of Aetna’s 35,000 employees work from home now, with millions of dollars in savings WSJ
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ConsumerizaOon of the workplace © 2013 Simplifying Work. Ayelet Baron
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hGp://www.slideshare.net/bengrossman/10-‐social-‐best-‐pracLces-‐from-‐the-‐best-‐social-‐brands-‐of-‐2013
ABUNDANCE Easy for consumers to get what they want when they want it
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10 Companies will measure how employees use their time with data and analytics, like Google and others
Business Insider: http://www.businessinsider.com/the-future-of-the-workplace-slide-deck-2013-2#-59
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Knowing how to reinvent your business may keep you in business
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Getting Back to Basics
Say Hello to 21st Century Work: Say Goodbye to 20th Century Practices:
Nimble organizaLon and open, transparent communicaLon Top-‐down hierarchies
© 2013 Simplifying Work. Ayelet Baron
Say Hello to 21st Century Work: Say Goodbye to 20th Century Practices:
Nimble organizaLon and open, transparent communicaLon Top-‐down hierarchies
CreaLng new markets CompeLng for market share
© 2013 Simplifying Work. Ayelet Baron
Say Hello to 21st Century Work: Say Goodbye to 20th Century Practices:
Nimble organizaLon and open, transparent communicaLon Top-‐down hierarchies
CreaLng new markets CompeLng for market share
Project-‐based work Job based work
© 2013 Simplifying Work. Ayelet Baron
Say Hello to 21st Century Work: Say Goodbye to 20th Century Practices:
Nimble organizaLon and open, transparent communicaLon Top-‐down hierarchies
CreaLng new markets CompeLng for market share
Project-‐based work Job based work
People-‐ centric OrganizaLon-‐centric
© 2013 Simplifying Work. Ayelet Baron
Say Hello to 21st Century Work: Say Goodbye to 20th Century Practices:
Nimble organizaLon and open, transparent communicaLon Top-‐down hierarchies
CreaLng new markets CompeLng for market share
Project-‐based work Job based work
People-‐ centric OrganizaLon-‐centric
Trust-‐based Command and control
© 2013 Simplifying Work. Ayelet Baron
Say Hello to 21st Century Work: Say Goodbye to 20th Century Practices:
Nimble organizaLon and open, transparent communicaLon Top-‐down hierarchies
CreaLng new markets CompeLng for market share
Project-‐based work Job based work
People-‐ centric OrganizaLon-‐centric
Trust-‐based Command and control
Networks/RelaLonship based OrganizaLon hierarchy
© 2013 Simplifying Work. Ayelet Baron
Say Hello to 21st Century Work: Say Goodbye to 20th Century Practices:
Nimble organizaLon and open, transparent communicaLon Top-‐down hierarchies
CreaLng new markets CompeLng for market share
Project-‐based work Job based work
People-‐ centric OrganizaLon-‐centric
Trust-‐based Command and control
Networks/RelaLonship based OrganizaLon hierarchy
Life-‐work Work-‐life balance
© 2013 Simplifying Work. Ayelet Baron
Say Hello to 21st Century Work: Say Goodbye to 20th Century Practices:
Nimble organizaLon and open, transparent communicaLon Top-‐down hierarchies
CreaLng new markets CompeLng for market share
Project-‐based work Job based work
People-‐ centric OrganizaLon-‐centric
Trust-‐based Command and control
Networks/RelaLonship based OrganizaLon hierarchy
Life-‐work Work-‐life balance
Having 10+ jobs by 40 30+ Year Career © 2013 Simplifying Work. Ayelet Baron
Companies that authentically value their employees will be (and already are) the big winners in the 21st-century economy. © 2013 Simplifying Work. Ayelet Baron
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