The pace of change is accelerating everyday and the workplace is no different. The future of work is going to be very different that we are used today.
1. The Future of Work
Viktor Vitebski
Founder, Rovable Inc.
2. We all feel how the pace of change continues to
accelerate
Time to reach 50 Million users:
Radio – 38 years
Television – 13 years
Internet – 4 years
Facebook – 200M users in under 1 year
3. This all happened in last 5 years or so…
Uber, the world’s largest taxi company, owns no vehicles.
Facebook, the world’s most popular media owner, creates
no content.
Alibaba, the most valuable retailer, has no inventory.
Airbnb, the world’s largest accommodation provider, owns
no real estate.
5. “Software is eating the world” – Marc
Andreessen
Internet of Things
Artificial Intelligence
Augmented Reality
Advanced Manufacturing & 3D printing
Sharing economy
Mobility & Connectivity
Changing Nature of Work
DRIVING &
ENABLING
Demographic Changes
Changes in Behaviors
Changes in Beliefs & Expectations
Competitive pressures
Globalization
6. The world of work in 2020
Estimated that more than 40% of the American
workforce, or 60 million people, will be independent
workers
Millennials will make up nearly 50% of the workforce by 2020
and 75% by 2025 with older generations retiring later (many
becoming freelancers after retirement)
7. A vision of the future worker
Connected
Flexible
Directly Incentivized
Self-directed / customized
Remote
Global
Outcome focused
Autonomous
Collaborative
“Teaching” / “Learning” Worker
8. We need to re-prioritize what's important
Source: World economic forum - 2015
9. Move towards 21st century practices
Nimble, transparent organization
Creating new markets
Project-based work
People-centric
Trust-based
Networks / Relationship based
Life-work
10+ jobs by age 40
Top-down hierarchies
Competing for market share
Job-based work
Organization-centric
Command & Control
Organizational hierarchy
Work-life balance
30+ year career
Source: Ayelet Baron - 2014
Success is creating the ladderSuccess is climbing the ladder
Focus on LearningFocus on Knowledge
10. Imagine this world of work
Personal Brand is paramount
Loyalty to employer is dead
Sourcing of labour must be fully on-demand and agile
B2B relationships drive everyday life
Everyone responsible for their own growth and success
Emergence of a true virtual workforce
Managing remote/distributed work becomes critical to success
New technologies must be developed (Online resumes, video
interviewing, fit assessment, etc.)
Changes to policy and belief structures related to contingent workers
Performance Management re-imagined
11. What should we do?
• Immediate Focus:
• Reinventing the HR Function
• Making Use of Data Analytics
• Talent diversity
• Leveraging flexible working arrangements and online talent platforms
• Longer Term Focus:
• Rethinking education systems
• Incentivizing lifelong learning
• Cross-industry and public-private collaboration
Source: http://www3.weforum.org/docs/WEF_FOJ_Executive_Summary_Jobs.pdf