The data in … 1 Comment Mycoworking Space on May 22, 2020 9:45 am. He can be reached at www.MrAllBiz.com. “People know that place-bound work no longer makes sense. Download Mercer’s 2020 Global Talent Trends Study today. AI redefines professional services. Millennials are generally more comfortable with doing business remotely and virtually. The resulting report, 2020 Future of Work Report: What the Future Holds for Coworking & Remote Work, ... Future Trends for the Flexi-Workspace. But will these changes persist into the future? Over the past 10 years, the global business landscape has dramatically transformed. Over the past 10 years, the global business landscape has dramatically transformed. Download the ISS 2020 Vision White Book: The Future of Work, Workforce and Workplace The notions of work, workforce and workplace are coming together The notion of work, workforce and workplace are coming together to create a stronger focus on the organisation’s ability to attract and retain talent and use the workplace as a tool to drive organisational performance. Driving Employee Experience. If you disable this cookie, we will not be able to save your preferences. Here are the global business trends we predict will be game changers this year: LinkedIn recently released its Jobs of Tomorrow report for 2020, predicting emerging jobs for the next year. The third turned us into knowledge workers bound in offices. For businesses, innovation offers many exciting opportunities; however, it can be difficult to know which advancements will be the most beneficial. According to McKinsey’s The State of Fashion 2020, “Brands that can align with the dominant trends and continue to innovate are most likely to ride the challenges and emerge ahead of the pack.”. The Digitalist Magazine is your online destination for everything you need to know to lead your enterprise’s digital transformation. We’re often talking about the “future of work”, when in fact those new ideals and workplace needs aren’t being met in the “right now” of work. ), I started out back in the day working for a big firm in the big city. , Remote Work Supply chain innovations abounded in 2019, and it’s predicted that in 2020 more businesses will continue to find improvements. Other notable innovations in supply chain automation have also gained traction in 2019. That is why I was very happy when SAP asked me to write a blog on the top trends I see for business generally, and small business specifically, for 2020 and beyond. Future of Work, Part 2 of the “2020 Strategies and Insights for Midsize Companies” series, Although I don’t practice law anymore (I came to my senses long ago, thank you very much! Part 2 of the “2020 Strategies and Insights for Midsize Companies” series. I also had a big commute. We’ll find you a solution. Bye-bye, boomer dominance. While uncertainty may be coming in 2020, digital solutions are what will help guide businesses through the doubt with big data, predictive analytics, and more efficient workflows. For instance, Material Handling & Logistics reported that researchers at the University of Washington have used machine learning to develop a system that assesses ergonomic risk for warehouse workers. © Digitalist 2021. Fourteen Trends in the Future of Work Here are twelve leading trends that we see meaningful movement in when it comes to developing and improving the employee experience: Employee experience will see more concerted leadership attention and increased levels of investment in 2020. ), I started out back in the day working for a big firm in the big city. Similarly, millennial employees expect to not only be able to work virtually and flexibly, but also, they expect that they will be given the tools and freedom by their employer to do so. Reach out to us today for a consultation. Need service or support? And I mention this, not out of ego (well, maybe a little bit) but more because the trends that are coming down the pike will affect a business near you or, more likely, yours. Standard hiring. The 9-to-5 work schedule has for long been second nature … SME Future of work: Trends from 2020 that are here to stay. Similarly, I have been writing my online small business column for USA TODAY for about 20 years and have had a podcast for almost a decade, so fortunes have put me at the forefront of a lot of business trends. Indeed, tracking trends in business is something that has become a bit of a cottage industry for me, and mostly (although far from totally) I have been right. We are officially in a new decade. For example, one thing you will see throughout this blog is that the very nature of work is changing; younger workers expect more out of work and their employers. In 2020, professional services firms will struggle with how AI can … Many organizations have reaped the rewards of transforming the manufacturing planning process from traditional to demand-driven. , 2020 Strategies And Insights For Midsize Companies Series And get this: According to one survey I just saw, the majority of the U.S. workforce will freelance to some degree by 2027. More information about our Privacy Statement, 2020 Strategies and Insights for Midsize Companies, rather than the ones that are nearest to where they work, The Roaring 2020s – Six Trends Midsize Companies in the Next Decade, Winning in the 2020s:  Six Trends Every Midsize Company Needs to Know, 2020 Strategies And Insights For Midsize Companies Series. This confluence – of millennials, technology, and attitudes – means that your staff will increasingly expect to work when, where, and how they want. As opposed to boomerpreneurs, millennials adopt new technologies easily and quickly. Cain highlights three overarching future work trends expected in developed nations in the 2022 – 2026 time frame, along with some of their key impacts. We can help navigate trends in 2020 and beyond. Do so and you’ll have perfect vision about where to place your bets. While reducing paper usage is certainly part of that ( the average office worker prints more than 10,000 pages a year ), minimizing the need for physical delivery of documents as well as in-person meetings can also be impactful. Because I can tell you, big businesses are, and as a result, they will snag the best and the brightest if you don’t keep up with these changes and pivot accordingly. The future of work … So after about a year, I proposed that I be allowed to, as we called it back then, “tele-commute.”. Indeed, whereas work used to be a place where you go, now it is something that you do. Share with us on social media. See IDC’s list of top trends for small and midsize businesses in the 2020s. “At the World Economic Forum, we call this the Fourth Industrial Revolution. Of course, a side hustle can be almost anything, be it driving for Lyft or selling on Etsy, but whatever the case, the advent of the gig economy means that side hustles are not unusual. Steve is also an attorney, thought leader, and the author of 17 books, including The Small Business Bible. As competition increases, improving the customer experience and the supply chain process will become increasingly important. Technology should be utilized in the digital transformation journey to help navigate economic uncertainty by finding efficiencies, making more accurate demand forecasts, and promoting agility. Companies may also perform more corporate training to retrain current staff. They will expect to be remote and to be given the tools and freedom to work this way. Globally, the economy is predicted to face some challenges in 2020 – namely trade uncertainty, interest rate changes (such as the recent U.S. Federal Reserve cuts), slowed down global growth, and increased international competition. More freedom, better work, more connections, better choices. The future of work is being shaped by two powerful forces: The growing adoption of artificial intelligence in the workplace, and the expansion of the workforce to include both on- and off-balance-sheet talent. Although I don’t practice law anymore (I came to my senses long ago, thank you very much! The upshot of all of this is that what people are increasingly looking for in this technologically driven society is something more. That psychological shift is not insignificant because it means that, among other things, traditional ideas of teamwork – being something both physical and tangible – are less obvious and more challenging. For starters, millennials do business very differently. Everything we know about the future of work is being shaped by five trends: globalization, technology, changing demographics, new behaviors, and mobility. (Of course, the youngest workforce generation is leading the way, with almost half of millennials freelancing already.). This year, 2019, saw a changing of the demographic guard – there are now 73 million millennials vs. 72 million baby boomers. For ages, cities offered tax breaks and other incentives to try to get employers to relocate to their area. Driven by accelerating connectivity, new talent models, and cognitive tools, work is changing. January 9, 2020 / Business Technology, Executive, Expertise. Collaboration technologies, like Microsoft’s Office 365, Slack, and Google Hangouts, along with the ability to find work online via sites like ours, make it possible to work anywhere.”. They were – by far – the largest generation ever in the history of the United States, and their effect was seen and felt everywhere: from music to culture to, yes, business. 2019 was the year that burnout–a syndrome resulting … Steve Strauss is a best-selling author and senior USA TODAY small business columnist whose content and media appearances reach millions. 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