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Workforce Marketplace - Tech Vision 2017 Trend 3

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Technology is radically reinventing the way businesses are designed, built, and run.Workforce marketplaces let businesses innovate in ways that weren't possible before. Explore more in trend 3 of Tech Vision 2017.

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Workforce Marketplace - Tech Vision 2017 Trend 3

  1. 1. WORKFORCE MARKETPLACE 2www.accenture.com/technologyvision AI IS THE NEW UI TREND 1 ECO SYSTEM POWER PLAYS TREND 2 WORK FORCE MARKET PLACE TREND 3 DESIGN FOR HUMANS TREND 4 THE UN CHARTED TREND 5 2017 VISION TRENDS 2www.accenture.com/technologyvision
  2. 2. WORKFORCE MARKETPLACE 3www.accenture.com/technologyvision DIGITAL LEADERS ARE FUNDAMENTALLY REINVENTING THEIR WORKFORCES Driven by a surge of on-demand labor platforms and online work management solutions, legacy bureaucratic models and hierarchies are being dissolved and replaced with open talent marketplaces.
  3. 3. WORKFORCE MARKETPLACE 4www.accenture.com/technologyvision LABOR MARKETS ARE STARTING TO GO DIGITAL AND BECOMING ON-DEMAND Why are labor markets the most inefficient market in the world? • Labor is analog – people interacting with people doing what people do. • Labor markets are not fluid and transparent. • Labor is not optimized at the task and skill levels. • Labor is still mostly offline and constrained / based on geographic boundaries. • Labor markets are challenged by high transaction costs, time, and friction.
  4. 4. WORKFORCE MARKETPLACE 5www.accenture.com/technologyvision 16–18th Century HOW DID WE GET HERE? A HISTORICAL PERSPECTIVE Mercantilism/ Colonialism • Government power • Control wealth • Closed loop trade
  5. 5. WORKFORCE MARKETPLACE 6www.accenture.com/technologyvision 1776 Laissez-Faire/ Adam Smith • Pure free wealth • Invisible hand • Foundation for capitalism 1760… Industrial Revolution • Modified free markets • Managed corporations • Bureaucratic management 1950… Digital Revolution • Mass collaboration • Platform economics/self- regulated ecosystems • Corporations as marketplaces
  6. 6. WORKFORCE MARKETPLACE 7www.accenture.com/technologyvision ONLINE LABOR MATCHMAKING PLATFORM MARKETPLACES WILL BE THE INDUSTRIAL REVOLUTION OF OUR TIMES THE RAILROAD TRACKS OF THE DIGITAL REVOLUTION AND ECONOMIC TRANSFORMATION
  7. 7. WORKFORCE MARKETPLACE 8www.accenture.com/technologyvision BUREAUCRACIES ONCE DROVE SUCCESS BUT ARE NOW STIFLING PRODUCTIVITY AND INNOVATION
  8. 8. WORKFORCE MARKETPLACE 9www.accenture.com/technologyvision INNOVATION LEADERS TRY TO CIRCUMVENT BUREAUCRACY TO INNOVATE Methods include: open innovation programs, incubators, greenfield divisions, crowdsourcing, hackathons, and more…
  9. 9. WORKFORCE MARKETPLACE 10www.accenture.com/technologyvision WHY THE PRESSURE TO CIRCUMVENT BUREAUCRACIES? Complexity of competing in the digital era. Digital leaders are outpacing incumbents. Incumbents struggling with outdated industrial-era management models.
  10. 10. WORKFORCE MARKETPLACE 11www.accenture.com/technologyvision ADOPTION OF A DIGITAL AND ‘ON-DEMAND’ WORKFORCE IS RAPIDLY BECOMING POSSIBLE Labor platforms are enabling workers to become more liquid. • They’re Supporting distributed teams that are quickly assembled and dispersed to complete projects. • Companies are moving toward models where they run their business less like a hierarchy of static business processes, and more like an open talent marketplace.
  11. 11. WORKFORCE MARKETPLACE 12www.accenture.com/technologyvision = TALENT MARKET PLACES EFFICIENCY PACE OF CHANGE INNOVATION IN NEW WAYS t
  12. 12. WORKFORCE MARKETPLACE 13www.accenture.com/technologyvision TECH COMPANIES AREN’T THE ONLY ONES REINVENTING THE TRADITIONAL APPROACH TO THE WORKFORCE
  13. 13. WORKFORCE MARKETPLACE 14www.accenture.com/technologyvision LABOR PLATFORMS ARE A TALENT REVOLUTION DRIVING A MANAGEMENT MODEL EVOLUTION WORKFORCE MARKETPLACE 14www.accenture.com/technologyvision
  14. 14. WORKFORCE MARKETPLACE 15www.accenture.com/technologyvision of respondents agree organizations are under extreme competitive pressure to extend innovation into their workforce and corporate structure. LABOR PLATFORMS = TALENT REVOLUTION 76%
  15. 15. WORKFORCE MARKETPLACE 16www.accenture.com/technologyvision MANAGEMENT OF WORK IS RAPIDLY GOING ONLINE Companies of all sizes are adopting next-generation digital tools like Slack, GitHub, Box, Microsoft Yammer and Google Hangouts. 3M+ DAILY USERS SLACK
  16. 16. WORKFORCE MARKETPLACE 17www.accenture.com/technologyvision Moving beyond sticky notes on local, physical white boards, tools like Mural also provide an online and remote collaborative design environment – a digital (and virtualized) way to organize and share thoughts, enabling rapid agile design and meeting innovation. LARGE ENTERPRISES LIKE ACCENTURE ARE USING MURAL TO EMBED DESIGN THINKING INTO EVERYDAY DIGITAL COLLABORATION.
  17. 17. WORKFORCE MARKETPLACE 18www.accenture.com/technologyvision LABOR IS GOING ON-DEMAND Gigster’s AI engine turns customer plain-language requests for software development into a flat-rate quote, project plan, and ready-to-go team in minutes rather than days or weeks. Digital technologies and intelligent algorithms eliminate ‘friction’ in matching workers and employers.
  18. 18. WORKFORCE MARKETPLACE 19www.accenture.com/technologyvision THE DIGITAL TRANSFORM ATION OF LABOR IS GROWING AND GOING GLOBAL WORKFORCE MARKETPLACE 19www.accenture.com/technologyvision
  19. 19. WORKFORCE MARKETPLACE 20www.accenture.com/technologyvision TRANSFORMING TOWARD THE ON-DEMAND ENTERPRISE MODEL AND TALENT MARKETPLACES Yesterday Industrial era hierarchies Today Industrial era hierarchies getting flatter Innovation programs: Effective as an incremental approach Flat or holacracy: Not realistic for large enterprises The on-demand enterprise & talent marketplaces: Realistic evolutionary path to transforming outdated management models Transformation options 3 2 1
  20. 20. WORKFORCE MARKETPLACE 21www.accenture.com/technologyvision THE NAME GAME: ON-DEMAND ECONOMY On-demand has become the umbrella term for a range of labor-related platforms.
  21. 21. REFERENCES SLIDE 14 “The Talent Potential: Leveraging the Freelance Marketplace to Harness a Global Talent Pool,” Panel Discussion at the 2016 CWS Summit North America, September 19, 2016. http://www.cvent.com/events/2016-workforce-solutions-connect/custom-39-c06c1a44bbe34ddaa35cbfddbf0c199d.aspx SLIDE 17 “Slack Passes 3 Million Daily Active Users, 930K Paid Seats,” VentureBeat, May 25, 2016. http://venturebeat.com/2016/05/25/slack-passes-3-million-daily-active-users-930k-paid-seats 22www.accenture.com/technologyvision
  22. 22. THANK YOU #TECHVISION2017 www.accenture.com/technologyvision

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