Authored by: Laci Loew
December 19, 2016
Click the link immediately above to read and download our infographic.
Disruptive demographic and technology changes to our workforces will have profound impact on the business, employment, and talent landscapes over the next several years. 2017 ushers in a new, five-generational workforce steered by everything digital. That workforce means significant transformation.
There are at least six drivers behind the transformation:
|Driver||What It Means||Rated as Top Trend||When|
|Digital Economy||Technology (advanced robotics, artificial intelligence, crowdsourcing, machine learning, mobile devices, predictive analytics, social platforms and more) accelerates the speed with which work can get done and facilitates scalability of resources, human and otherwise.||83%||Now, and particularly in 2017+|
|Demographic Disruption||The workforce is becoming older and younger simultaneously with Boomers retiring at a slower rate than expected and Millennials comprising three-quarters of the workforce in the next few years. This implies a shift in new business models and an upgrade in skills among all areas of the workforce.||76%||Now, and particularly in 2017+|
|Inclusive Culture||D&I is no longer a numbers game 3a6pbt3. Encouraging a culture of innovation thinking and executing on ideas means acting with empathy, respecting diverse thinking, and generally embracing “other.”||65%||2017+|
|Social Media||Peer-to-peer platforms are rising in utilization and enable organizations and individuals to connect anytime, anywhere for work to get done when and where needed and wanted.||61%||Now, and particularly in 2017+|
|Work Contract||Traditional employment contracts are giving way to flexible and short-term arrangements, particularly for younger workers who will elect to move from one employer to the next every few years at most.||57%||2017+|
|Work-Life Balance||Younger workers are beginning to redefine what a balanced scale looks like — they are looking to redefine what we have known as the workforce to the leisure force where 15-hour workweeks could become reality over the coming years.||53%||2017+|
|Source: 2016, Laci Loew & Company LLC, D&I Survey|
Anticipating and preparing for transformation is vital. Click here to read and download our “2017 Brings a New Workforce” infographic. It aims to bring awareness and insight to the drivers, to stimulate HR and other business leaders to think about how to manage the change, and to prompt execution on calls-to-action vital for ongoing performance excellence and sustainability next year and the coming years.