The document discusses trends in the 2018 workforce, including a tightening labor market with unemployment at its lowest in 16 years. It notes that millennials prefer work experiences over long careers at one company. There is a growing temporary workforce and consideration of contingent workforces to meet on-demand needs in a flexible way. Social media is increasingly incorporated into hiring, and non-traditional talent sources like interns, consultants, and crowdsourcing should be explored. The future workforce will be less traditional and focus more on flexibility, experiences, and different types of employment relationships.

1. 2018 Workforce of the Future

2. 2018 Workforce Trends
 Unemployment was 4.1% in October – lowest in 16 years
Tightening Labor Market
1
 Millennials looking for experiences rather than long term careers
Millennials
2
 Cost considerations of temp vs full time workforce
Temporary workforce
3
 Contingency workforces are a growing consideration
Workforce on Demand
4
 Incorporated into the hiring process
Social Media
5
 Explore interns, consultants and crowd sourcing
Explore non-traditional Talent
6

3. • Unemployment is the
lowest it has been in 16
years at 4.1%
• Think creatively in
terms of how to attract
candidates and where to
source
• Be willing to build
relationships outside of
an interview process
• Put time into branding
your company culture
A Tightening Labor Market

4. • Have an
expectation of a
work “experience”
• Expect to be
recognized
• Don’t expect to
work their whole
career at one
company
A Growing Millennial Workforce

5. • Temporary
workforces are on
the rise
• Creating your own
saves dollars and
allows you to ensure
that your temp
employees are
aligned with your
brand
Temporary Workforce

6. • Contingency
workforces are being
utilized
• Think of it as a just in
time system for
employees
• Brings up additional
challenges around
communication,
benefit eligibility
Workforce on Demand

7. • Leverage social
media in your
hiring
• Ensure
responsive design
capability across
all platforms
• Be consistent in
your branding and
messaging
Social Media

8. • Explore the use
of crowd sourcing
for algorithms and
development work
• Give interns a
try- develop long
term relationships
wit colleges and
professors
Explore non-Traditional Talent

9. Page 9
Summary
• The workforces of the future will look very different than they did 20 or
even 10 years ago. There is a move toward less traditional hiring models
and more toward flexibility and creating candidate and employee
experiences.
Think creatively about how and where to source employees
Be cognizant of consistent branding and messaging in creating your candidate
experience
Be open to different types of employment relationships
Be cognizant of economic indicators and let them drive your hiring
practices