As the Millennial generation gets older, the way in which we approach work, and get work done, will drastically change. Take a ride with us as we predict the future, the future of work.
1. HOURLYNERD
How Work-Life is Changing
âFlexworkâ
Flexible
Schedule
Flexible
Workplace
Autonomy
66%
77%
34%
63%
77%
87%
200520122005201220052012
How companies have adapted to meet this need
40%
Companies that
implemented âflexworkâ
schedules
74%88%
positive effect on
satisfaction
93%
85%
84%
positive effect on
engagement
positive effect on
motivation
Want flexible
âwork-lifeâ integration
Want flexible
work schedules
2
Impactful Work
Make the employee feel
as if theyâre contributing
to the company.
1
Challenging Work
Employees will leave their
job if theyâre not challenged.
700,000Jobs lost every year
from low employee
satisfaction
How The Workforce is Changing
For the ďŹrst time, 5 generations are working together. Traditionalists, Boomers,
GenXers, GenYers, and Millennials. By 2025 75% of the workforce will be Millennials.
having health insurance
provided by employer
having to move back home with
parents after graduation
the economy
graduating college
applying to graduate
school
affording their own place
to live after graduation
personal ďŹnancial health
(credit card, food, etc.)
the cost of education
tuition (student loans)
ability to ďŹnd a job
1%
3%
6%
7%
8%
13%
13%
16%
32%
2%
2%
4%
6%
8%
10%
Millennials
concerns
about future
10%
28%
31%
31%
28%
BeinginMyDreamJob
FinanciallyStable
become a business owner
making a sizeable investment
starting a family
traveling
paying off student loans
additional education after graduation
getting married
being in my dream job
ďŹnancially stable
Future Aspirations of Millennials
94%Millennials say they want to work for a company with a
higher purpose â something thatâs more important to them than salary
2nd 1st
As more Millennials take over the workforce, ďŹnding their dream job will become a larger
concern that businesses and companies must address. In order to address this concern
companies must focus on three areas.
3
Meaningful Work
Make employees feel
like theyâre contributing
to society.
Are earning more than they
did as an employee in the same ďŹeld.
THE FUTURE OF WORK
Shifting Demographics
1 out of 3
Americans is currently an
independent worker.
(42 Million)
38%
https://dam.sap.com/mac/preview/a/67/AEElEPglmwPyngmAg3wxXyOXJJUnJjlHOHSTUAmSm8SOSJH8/FoW_Narrative_Infographic%20(FINAL).htm
http://www.fastcompany.com/3005510/guess-who-ďŹnally-cares-about-workplace-flexibility-men
McKinsey Global Institute â A labor Market that works: Connecting talent with opportunity in the digital age
http://visual.ly/freelance-facts-ďŹgures-where-it-now-where-it%E2%80%99s-going
http://www.hr.com/en/app/blog/2015/06/5-ways-the-workforce-will-look-different-in-2020_ib9mfjz6.html
http://graphs.net/facts-about-freelancing.html
Resources
Employers increasingly recognize work-life balance
as important to employee satisfaction.
Current employee attitude toward work-life balance
The implementation of flexible âwork-lifeâ structures is slow.
Workers are now seeking flexibility outside the
traditional workforce.
1/2By 2020, many predict freelancers
will make up 50% of the labor force.