The millennials, technologies, globalization, mobility, new attitudes… The employment scene is changing at an ever-faster rate and it is vital to know and understand these changes. Trends shaping the future of work.
But why are these changes happening now? There are five of them, as seen below, and before exploring anything else around the future of work, it is crucial that we understand these.
Technology is transforming the nature of work, and reshaping the economy in dramatic ways, touching businesses in nearly every sector. Even in the highest-paid occupations, machines may complement human capabilities and increase an individual’s work capacity, freeing him/her to focus on work of higher value. Workers’ future success may depend on their ability to learn new skills and adapt to job-related changes.
Indeed, whereas work used to be a place where you go, now it is something that you do. 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.
Over this past year, more and more companies have been becoming far more transparent, including the transparency of salaries. Especially popular in creative industries, salary transparency is gaining traction amongst an increasingly empowered and informed workforce, so much so that LinkedIn named pay transparency one of its top four trends in the Global Talent Trends 2019*.
It might seem like a stretch to go from pay secrecy to completely public and open salaries for each employee, but this is part of a much wider trend towards transparency that is based on instilling mutual trust between employer and employee. This trend will continue throughout 2020 and beyond, as employees look for a more flexible, accountable, and trustworthy relationship with employers.
Diversity in hiring has always been a trend, and it’s not new by any means. In fact, a high percent of businesses already believes in having a diverse workforce, and this trend in employment is not going to slow down anytime soon.
Diversity in the workplace is an asset for both businesses and their employees. In an era of globalization that 2020 is shaping to be, diversity is more than just gender, race or ethnicity. It’s also about educational backgrounds, religious and political beliefs, sexual orientations, cultures and even disabilities.
Another trend, perhaps less radical than pay transparency, is that of companies forgoing traditional roles and departments, and all the territorialism that goes with them, to focus on purpose-built projects that thrive without the need for departments.
Focusing on specific projects encourages a more concentrated effort from project members to complete a distinct goal and have a greater effort/reward ratio than the status of a role and department ever could.
Businesses must be alive to these changes and think about how they can exploit them to gain competitive advantage and attract the top talent. Those that don’t may not be around to see next year’s trends.
See all the information about the Global Talent Trends 2019 here: https://business.linkedin.com/talent-solutions/recruiting-tips/global-talent-trends-2019?trk=bl-po#