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The Future of Work. Around the World.

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Oxford Economics, working with SAP, fielded two major surveys in the second quarter of 2014, reaching out to more than 2,700 executives and more than 2,700 employees at companies in 27 countries.



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The Future of Work. Around the World.

  1. 1. The Future of Work Around the World An Oxford Economics survey sponsored by SAP takes a forward look at what employees and executives around the world think about topics such as workforce development, the role of millennials, organizational leadership, and the skills gap. Here’s some of what we learned. We surveyed 2,700 employees and 2,700 executives in 27 countries Top trends impacting workforce strategy 1 2 3 Challenges to building a workforce that meets future business needs A low level of employee longevity and loyalty Limited access to adequate technology Lack of qualified leadership 1 2 3 The Millennial Workforce What’s important to you? Millennials Nonmillennials Making a positive difference in the world 20% 20% C ompensation 68% 64% Work-life balance 29% 31% M eaningful work 14% 18% Achievement of income goals 32% 30% ??? Only 34% of executives agree that their leaders are prepared to lead a diverse workforce. Only 44% The most cited areas of employee professional development and learning 1 2 3 Growth 131% Employee concerns about their jobs 21% 49% of employees say that leadership at their companies is equipped to lead their organizations to success. Growth 91% Only 30% of executives say their companies give special attention to the particular wants and needs of millennials. What employees want: What employers offer: of executives agree that their expansion plans for growth markets are limited unless the right leadership is in place. 15% 16% 29% Growth 27% 69% Growth 63% 24% 38% 27 83% How is your company preparing its workforce for the future? To learn more details about this study, please visit us at http://sfsf.ly/Workforce2020. Studio SAP | 31775enUS (14/08) ©2014 SAP SE or an SAP affiliate company. All rights reserved. of executives say they will be increasing the use of contingent, intermittent, or consultant employees. 34% of executives feel that they’ve made progress in building a workforce that can meet future business goals. Millennials entering the workforce Globalization of labor supply Difficulty recruiting employees with base-level skills Position changing or becoming obsolete Not enough opportunities for advancement Inadequate staffing levels Ways to increase employee loyalty and engagement Higher compensation More comprehensive benefits Career opportunities Bonuses Training Benefits for families The New Face of Work What Matters Most at Work The Leadership Cliff Bridging the Skills Gap: The Learning Mandate Managerial relationships Informal mentoring Self-directed learning Skills needed today and in the future Analytics Cloud Mobile Social Media Today In 3 years 42%

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