The document discusses the changing relationship between employers and employees due to future changes in the nature of work. It outlines traditional expectations employers and employees have of each other, as well as drivers of change like technology, customer values, and government policy. The impact on organizations will include flatter structures, more project-based and cross-functional work, and changing competency and talent needs. The employer-employee relationship will see greater legal complexity, reduced loyalty as individualism and entrepreneurship rise, and demands for flexibility and work-from-home options as job security decreases against automation and technology substitution.