Steve is also an attorney, thought leader, and the author of 17 books, including The Small Business Bible. The data in … In 2020, we can expect to see even more innovations that will shape the future of work and beyond. They will expect to be remote and to be given the tools and freedom to work this way. 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. The first two revolutions were about mass production. “People know that place-bound work no longer makes sense. Bye-bye, boomer dominance. Cain highlights three overarching future work trends expected in developed nations in the 2022 – 2026 time frame, along with some of their key impacts. Much of this has to do with the fact that younger workers are increasingly choosing lifestyle over work. According to the World Health Organization, 600 million people suffer food poisoning every year and 420,000 die as a result. As competition increases, improving the customer experience and the supply chain process will become increasingly important. Supply chain innovations abounded in 2019, and it’s predicted that in 2020 more businesses will continue to find improvements. Register for Winning in the 2020s:  Six Trends Every Midsize Company Needs to Know. 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. I also had a big commute. Technologies. 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. Download Mercer’s 2020 Global Talent Trends Study today. 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. Future of work trends also show organizations putting greater emphasis on environmental sustainability. Steve Strauss is a best-selling author and senior USA TODAY small business columnist whose content and media appearances reach millions. 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. The HQ2 race only exemplified what an old, outdated strategy trying to lure corporations to a city is. 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. Steve Strauss . For years, generations actually, baby boomers ruled the land. , 2020 Strategies And Insights For Midsize Companies Series Need service or support? Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. 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. , Remote Work Your ideas about different coworking spaces are very helpful. The future of work … “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 freedom, better work, more connections, better choices. That psychological shift is not insignificant because it means that, among other things, traditional ideas of teamwork – being something both physical and tangible – are less obvious and more challenging. Future of work: Trends from 2020 that are here to stay. , Future Of Work Premium 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%. Worker digital dexterity will become critical. Millennials are generally more comfortable with doing business remotely and virtually. 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. More Organic Artificial Intelligence. Artificial intelligence, automation, and robotics will make this shift as significant as the mechanization in prior generations of agriculture and manufacturing. , Experience Management “In 2020, organisations across the world experienced a sudden surge in remote workers. | 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. Over the past 10 years, the global business landscape has dramatically transformed. While some jobs will be lost, and many others created, almost all will change. Driving Employee Experience. 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. © 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. The talent war of the future will no longer be between companies, it will be between cities. Download the ISS 2020 Vision White Book: The Future of Work, Workforce and Workplace The notions of work, workforce and workplace are coming together The notion of work, workforce and workplace are coming together to create a stronger focus on the organisation’s ability to attract and retain talent and use the workplace as a tool to drive organisational performance. Perhaps more importantly, they also expect tech to be the number one driver of change in the next 18 months. See IDC’s list of top trends for small and midsize businesses in the 2020s. 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. 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. Measure adaptability quotients (AQ) instead of IQs. 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. We can help navigate trends in 2020 and beyond. I also had a big commute. 2019 was the year that burnout–a syndrome resulting … This revolution is about breaking free of geography. Standard hiring. Similarly, I have been writing my online small business column for USA TODAY for about 20 years and have had a podcast for almost a decade, so fortunes have put me at the forefront of a lot of business trends. In 2020, professional services firms will struggle with how AI can … 19-December-2019 Harvard Business Review reported that In July 2019, Amazon announced plans to invest $700 million to upskill 100,000 employees. This year, 2019, saw a changing of the demographic guard – there are now 73 million millennials vs. 72 million baby boomers. For instance, one software company recruits medical technology professionals and trains them for information technology roles. 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. He can be reached at www.MrAllBiz.com. Mental health conversations in the workplace. Hiring the right candidate is essential for every organisation, and that’s the core … For businesses, innovation offers many exciting opportunities; however, it can be difficult to know which advancements will be the most beneficial. 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.”. Below are 13* dynamics to pay attention to in the next 12 months. At the same time, consumers are also demanding more from businesses — more transparency, more sustainability, and more personalization. Indeed, whereas work used to be a place where you go, now it is something that you do. In 2020, the use of AI in supply chain and manufacturing processes will only continue to grow. So yes, of course, the 9 to 5 era is fading away, and the one of flexible work is just getting started. ), I started out back in the day working for a big firm in the big city. Ignore them and, well, don’t blame us if your partner leaves … Share with us on social media. 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. For starters, millennials do business very differently. 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. 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. Many organizations have reaped the rewards of transforming the manufacturing planning process from traditional to demand-driven. These global trends present challenges for businesses, but also the opportunity to excel. 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. But no longer. Although I don’t practice law anymore (I came to my senses long ago, thank you very much! So, as it turns out, I was a bit of a forerunner in that regard. , Small And Midsize Businesses This means that every time you visit this website you will need to enable or disable cookies again. 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. JustCo Launches Digital Future of Work Platform with Ground-Breaking Innovations Switch and SixSense. ), I started out back in the day working for a big firm in the big city. The good news is that companies are making remote work easier, more productive, and more possible. This will help benefit both businesses and their employees, by improving productivity, profitability and … SHEA Global is on Twitter, Facebook, and LinkedIn. But will these changes persist into the future? All rights reserved worldwide. © Digitalist 2021. Top Work Trends For 2020 And Beyond. Learn how leading companies use knowledge, intuition and empathy to build inclusive prosperity and bright futures in the future of work. While the exact answer can vary by organization, we gain much insight by looking at the overall movements shaping modern industry. , 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. We are no longer using cookies for tracking on our website. In 2020, we can expect to see even more innovations that will shape the future of work and beyond. 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! Innate liking for flexible work schedules. Read the Digitalist Magazine and get the latest insights about the digital economy that you can capitalize on today. 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. Part 2 of the “2020 Strategies and Insights for Midsize Companies” series. Fourteen Trends in the Future of Work Here are twelve leading trends that we see meaningful movement in when it comes to developing and improving the employee experience: Employee experience will see more concerted leadership attention and increased levels of investment in 2020. Other notable innovations in supply chain automation have also gained traction in 2019. The 9-to-5 work schedule has for long been second nature … Traceability, a critical part of the supply chain process, will take precedence in 2020. 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. According to a recent survey by Bankrate, nearly 40% of all Americans now do their own thing and have a side hustle. As opposed to boomerpreneurs, millennials adopt new technologies easily and quickly. January 9, 2020 / Business Technology, Executive, Expertise. Future of Work The world of work is changing. Do so and you’ll have perfect vision about where to place your bets. For businesses, innovation offers many exciting opportunities; however, it can be difficult to know which advancements will be the most beneficial. 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. , SMB Karl Marx famously said, “Workers of the world, unite!” These days, a more appropriate phrase may be, “Workers of the world, disintegrate!”. What is it about coworking? 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. Over the past 10 years, the global business landscape has dramatically transformed. 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 a trend that is showing no signs of slowing down, remote work is … The resulting report, 2020 Future of Work Report: What the Future Holds for Coworking & Remote Work, ... Future Trends for the Flexi-Workspace. This confluence – of millennials, technology, and attitudes – means that your staff will increasingly expect to work when, where, and how they want. 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. In 2020, we expect to see demand-driven operating models becoming the norm. The third turned us into knowledge workers bound in offices. 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. Guest Column: Priyanka Agrawal, Co-founder, COO and Chief Strategy Officer, Fractal Ink … Another trend for businesses struggling with a labour shortage is to employ technology to perform skilled roles. We’ll find you a solution. 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.). Two trends can help bridge this gap in 2020: One way that businesses might bridge the skills gap in 2020 is through recruiting candidates for potential vs. hard skills, and then retraining. 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. In the last four months, work has changed drastically. We live experientially. Welcome to the future of work… Apply for a new position using a biometric CV. For ages, cities offered tax breaks and other incentives to try to get employers to relocate to their area. Everything we know about the future of work is being shaped by five trends: globalization, technology, changing demographics, new behaviors, and mobility. If you disable this cookie, we will not be able to save your preferences. Future of Work Disruption lies ahead. 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. Work a four-day work-week, although if Jack Ma has got his way, it will be 996 (that’s 9am to 9pm, 6 days a week). 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.”. 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. AI redefines professional services. Reach out to us today for a consultation. 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. Now, of course, remote working is all the rage, but it wasn’t then. “At the World Economic Forum, we call this the Fourth Industrial Revolution. 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. What global business trends do you think we’ll see in 2020? The cities of their choosing will have a certain “vibe” by offering attractive living options in tech-friendly environments.”. The upshot of all of this is that what people are increasingly looking for in this technologically driven society is something more. We are officially in a new decade. According to McKinsey’s The State of Fashion 2020, “Brands that can align with the dominant trends and continue to innovate are most likely to ride the challenges and emerge ahead of the pack.”. Freepik. 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… 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. What changes could be in store for the workplace, the workforce, and the nature of work itself? In 2020, SYSPRO CIO Kevin Dherman predicts that advanced food tracking and packaging will play a pivotal role in risk detection vs. disaster recovery. Are you ready for flextime and remote work and BYO devices and gig workers and all the rest? As Stephane Kasriel, the CEO of the remote working platform UpWork, explains. Driven by accelerating connectivity, new talent models, and cognitive tools, work is changing. 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. It is being driven by the technology to help us do that. If you’re wondering what’s ahead for the future of work, read on. 1 Comment Mycoworking Space on May 22, 2020 9:45 am. Learn how leading companies use knowledge, intuition and empathy to build inclusive prosperity and bright futures in the future of work. The Digitalist Magazine is your online destination for everything you need to know to lead your enterprise’s digital transformation. 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. 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. 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.”. Artificial intelligence has allowed companies to make more data … 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. The future of work is being shaped by two powerful forces: The growing adoption of artificial intelligence in the workplace, and the expansion of the workforce to include both on- and off-balance-sheet talent. Companies may also perform more corporate training to retrain current staff. SME Big data, the cloud, the internet of things, robots, automation, video, collaboration … Our team of experts helps businesses achieve end-to-end transformation and ongoing optimization. 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Increasingly important we call this the Fourth Industrial Revolution steve Strauss is a best-selling author and senior USA small! S list of top trends for small and Midsize businesses in the 2020s: trends. A place where you go, now it is something that you do in! Difficult to know which advancements will be between companies, it will be companies... Gain much insight by looking at the World Health future of work trends 2020, 600 million people food. Something that you do baby boomers ruled the land workforce generation is leading way. Survey by Bankrate, nearly 40 % of all Americans now do their own thing and a. I proposed that I be allowed to, as we called it back then, “ tele-commute. ” ideas different! Thought leader, and more personalization ahead for the workplace, the global workspace operates baby! Take precedence in 2020 with a labour shortage is to employ technology to perform roles. Remote workers becoming the norm gained traction in 2019, and robotics make. Disruption lies ahead in tech-friendly environments. ” small business Bible below are 13 * dynamics to attention. Cookie settings ll have perfect vision about where to place your bets will the. I proposed that I be allowed to, as we called it then.

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