Key Trends in the Future of Work

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As Part of 85 Broads San Francisco Conversation on the Future of Work

As Part of 85 Broads San Francisco Conversation on the Future of Work

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  • 1. UNLOCKING THE FUTURE OF WORK Creating 21st Century Organizations that are Innovative, Collaborative and Global Ayelet Baron| Futurist November 14, 2013 ayeletbaron.com ayelet27@gmail.com Twitter: @ayeletb
  • 2. Key Trends: Setting the Stage ©  2013  Simplifying  Work.  Ayelet  Baron  
  • 3. 1 People First will Drive Results ©  2013  Simplifying  Work.  Ayelet  Baron  
  • 4. According  to  Gallup,  3   in  10  employees  are   engaged  at  work   DeloiAe’s  ShiD   Index  indicates   that  20%  of   workers  like   their  jobs   SURVEY   SAYS   Organizations that put their people first will have a huge advantage © 2013 Simplifying Work. Ayelet Baron 4
  • 5. 2 We Are Still Operating with 20th Century Practices in A 21st Century Work World ©  2013  Simplifying  Work.  Ayelet  Baron  
  • 6. 20th  Century     We  may  have  cubicles  but  we  are    sOll  operaOng   like  it’s  1954.  You  drive  to  the  office  to  sit  in  a  cube.   © 2013 Simplifying Work. Ayelet Baron
  • 7. 3 Workplace Demographics Are Shifting 7 ©  2013  Simplifying  Work.  Ayelet  Baron  
  • 8. SHIFTS   By  2025,  over  75%  of  the  workforce  will  be   comprised  of  Millennials.  That’s  just  over  11  years   away.     8 © 2013 Simplifying Work. Ayelet Baron
  • 9. http://strategicphilanthropyinc.com/the-next-generation-of-philanthropy-engaging-millennials-in-your-corporate-giving-efforts/ BUSINESS   MEASURED  BY   SOCIETAL  VALUE   Millennials, relative to older generations, are all about giving back to communities that align with their core values 9 ©  2013  Simplifying  Work.  Ayelet  Baron  
  • 10. 4 MORE   SHIFTS   82% of workers 50+ say it is at least somewhat likely they will work for pay In retirement. And 47% expect to retire later than they previously thought AP-NORAC Center for Public Affairs Research 10 ©  2013  Simplifying  Work.  Ayelet  Baron  
  • 11. 5 The emergence of women at work 11 ©  2013  Simplifying  Work.  Ayelet  Baron  
  • 12. 12 ©  2013  Simplifying  Work.  Ayelet  Baron  
  • 13. HUMAN   CENTRIC   Work  —  at  the  level  of  the  economy,  business,  and   individual  —  is  changing  faster  than  ever  before.   People  become  more  important  than  ever  to  create   and  execute  strategies.   13 ©  2013  Simplifying  Work.  Ayelet  Baron  
  • 14. PURPOSE   Employees  are  increasingly  looking  for  personal   growth,  purpose  recogniOon,  access,  influence,   14 impact   © 2013 Simplifying Work. Ayelet Baron
  • 15. 6 Global demographics will shape the workplace 15 ©  2013  Simplifying  Work.  Ayelet  Baron  
  • 16. GLOBALIZATION   From  2012  to  2030  there  will  be  a  decline  of  40M  workers   in  developed  countries.  By  2020,  developed  countries  will   need  +40M  workers.  In  developing  counOes,  there  will  be   an  increase  in  1B  workers   −Hot  Spots  Movement   16 16 © 2013 Simplifying Work. Ayelet Baron
  • 17. TALENT     GAPS   Significant  talent  gaps  expected  from  2020   and  beyond  in  parts  of  the  world  while   others  will  be  challenged  by  employability   17 © 2013 Simplifying Work. Ayelet Baron
  • 18. 7 The Contingent Workforce Will Change Business 18 ©  2013  Simplifying  Work.  Ayelet  Baron  
  • 19. Source:  Future  of  Work:  MBO  State  of  Independence  2013  Study,  Emergent  Research     INDEPENDENT   WORKFORCE   By  2020,  over  40%  of  the  workforce  will  be   conOngent   19 © 2013 Simplifying Work. Ayelet Baron
  • 20. Source:  Future  of  Work:  MBO  State  of  Independence  2013  Study,  Emergent  Research     INDEPENDENT   WORKFORCE   Independents  spent  $96  billion  hiring  the   equivalent  of  2.3  million  FT  workers  via  contract   hiring.  1  in  4  hired  others  on  a  contract  basis.     20 © 2013 Simplifying Work. Ayelet Baron
  • 21. http://www.slideshare.net/matthewpanzarino/moritz-tc-disrupt-talk?ref=http%3A%2F%2Fwpcomwidgets.com%2F 21
  • 22. 8 WORKING   ANYWHERE   Average  amount  of  office  space  per  employees  in  the  U.S.  dropped   from  400  square  feet  to  250  and  will  be  reduced  to  150  (NYT).    47%  of  Aetna’s  35,000  employees  work  from  home  now,  with   22 millions  of  dollars  in  savings  WSJ   22 ©  2013  Simplifying  Work.  Ayelet  Baron  
  • 23. 9 ConsumerizaOon  of  the  workplace   23 © 2013 Simplifying Work. Ayelet Baron
  • 24. hGp://www.slideshare.net/bengrossman/10-­‐social-­‐best-­‐pracLces-­‐from-­‐the-­‐best-­‐social-­‐brands-­‐of-­‐2013   ABUNDANCE   Easy  for  consumers  to  get  what  they   want  when  they  want  it   24 © 2013 Simplifying Work. Ayelet Baron
  • 25. 10 Companies will measure how employees use their time with data and analytics, like Google and others Business Insider: http://www.businessinsider.com/the-future-of-the-workplace-slide-deck-2013-2#-59 25
  • 26. 11 26
  • 27. 12 Knowing  how  to  reinvent  your   business  may  keep  you  in  business   27 © 2013 Simplifying Work. Ayelet Baron
  • 28. Getting Back to Basics
  • 29. Say Hello to 21st Century Work: Nimble  organizaLon  and  open,   transparent  communicaLon   Say Goodbye to 20th Century Practices: Top-­‐down  hierarchies   ©  2013  Simplifying  Work.  Ayelet  Baron  
  • 30. Say Hello to 21st Century Work: Nimble  organizaLon  and  open,   transparent  communicaLon   CreaLng  new  markets   Say Goodbye to 20th Century Practices: Top-­‐down  hierarchies   CompeLng  for  market  share   ©  2013  Simplifying  Work.  Ayelet  Baron  
  • 31. Say Hello to 21st Century Work: Nimble  organizaLon  and  open,   transparent  communicaLon   Say Goodbye to 20th Century Practices: Top-­‐down  hierarchies   CreaLng  new  markets   CompeLng  for  market  share   Project-­‐based  work   Job  based  work   ©  2013  Simplifying  Work.  Ayelet  Baron  
  • 32. Say Hello to 21st Century Work: Nimble  organizaLon  and  open,   transparent  communicaLon   Say Goodbye to 20th Century Practices: Top-­‐down  hierarchies   CreaLng  new  markets   CompeLng  for  market  share   Project-­‐based  work   Job  based  work   People-­‐  centric   OrganizaLon-­‐centric   ©  2013  Simplifying  Work.  Ayelet  Baron  
  • 33. Say Hello to 21st Century Work: Nimble  organizaLon  and  open,   transparent  communicaLon   Say Goodbye to 20th Century Practices: Top-­‐down  hierarchies   CreaLng  new  markets   CompeLng  for  market  share   Project-­‐based  work   Job  based  work   People-­‐  centric   Trust-­‐based   OrganizaLon-­‐centric   Command  and  control   ©  2013  Simplifying  Work.  Ayelet  Baron  
  • 34. Say Hello to 21st Century Work: Nimble  organizaLon  and  open,   transparent  communicaLon   Say Goodbye to 20th Century Practices: Top-­‐down  hierarchies   CreaLng  new  markets   CompeLng  for  market  share   Project-­‐based  work   Job  based  work   People-­‐  centric   Trust-­‐based   Networks/RelaLonship  based   OrganizaLon-­‐centric   Command  and  control   OrganizaLon  hierarchy   ©  2013  Simplifying  Work.  Ayelet  Baron  
  • 35. Say Hello to 21st Century Work: Nimble  organizaLon  and  open,   transparent  communicaLon   Say Goodbye to 20th Century Practices: Top-­‐down  hierarchies   CreaLng  new  markets   CompeLng  for  market  share   Project-­‐based  work   Job  based  work   People-­‐  centric   Trust-­‐based   OrganizaLon-­‐centric   Command  and  control   Networks/RelaLonship  based   OrganizaLon  hierarchy   Life-­‐work   Work-­‐life  balance   ©  2013  Simplifying  Work.  Ayelet  Baron  
  • 36. Say Hello to 21st Century Work: Nimble  organizaLon  and  open,   transparent  communicaLon   Say Goodbye to 20th Century Practices: Top-­‐down  hierarchies   CreaLng  new  markets   CompeLng  for  market  share   Project-­‐based  work   Job  based  work   People-­‐  centric   Trust-­‐based   OrganizaLon-­‐centric   Command  and  control   Networks/RelaLonship  based   OrganizaLon  hierarchy   Life-­‐work   Work-­‐life  balance   Having  10+  jobs  by  40   30+  Year  Career   ©  2013  Simplifying  Work.  Ayelet  Baron  
  • 37. Companies that authentically value their employees will be (and already are) the big winners in the 21stcentury economy. ©  2013  Simplifying  Work.  Ayelet  Baron