Key Trends in the Future of Work

UNLOCKING THE FUTURE OF WORK Creating 21st Century Organizations that are Innovative, Collaborative and Global

Ayelet Baron| Futurist November 14, 2013 ayeletbaron.com

[email protected] Twitter: @ayeletb

Key Trends: Setting the Stage © 2013 Simplifying Work. Ayelet Baron

People First will Drive Results

1© 2013 Simplifying Work. Ayelet Baron

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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


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.


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


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.


14 PURPOSE

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




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









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