19-December-2019 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. Download Mercer’s 2020 Global Talent Trends Study today. In 2020, we can expect to see even more innovations that will shape the future of work and beyond. Many organizations have reaped the rewards of transforming the manufacturing planning process from traditional to demand-driven. As opposed to boomerpreneurs, millennials adopt new technologies easily and quickly. So yes, of course, the 9 to 5 era is fading away, and the one of flexible work is just getting started. Technology can also help achieve a better brand reputation, such as through improving production process sustainability and reducing businesses’ carbon footprints by using a demand-driven operating model. Millennials are generally more comfortable with doing business remotely and virtually. In 2020, SYSPRO CIO Kevin Dherman predicts that advanced food tracking and packaging will play a pivotal role in risk detection vs. disaster recovery. Two trends can help bridge this gap in 2020: One way that businesses might bridge the skills gap in 2020 is through recruiting candidates for potential vs. hard skills, and then retraining. Harvard Business Review reported that In July 2019, Amazon announced plans to invest $700 million to upskill 100,000 employees. SHEA Global is on Twitter, Facebook, and LinkedIn. 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 also had a big commute. The resulting report, 2020 Future of Work Report: What the Future Holds for Coworking & Remote Work, ... Future Trends for the Flexi-Workspace. , Future Of Work Premium Your ideas about different coworking spaces are very helpful. For starters, millennials do business very differently. Download the IDC infographic, sponsored by SAP, “The Roaring 2020s – Six Trends Midsize Companies in the Next Decade.” And we invite you to join our upcoming webinar for a deeper dive into each of these trends and what you can do now to take advantage of them. | 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. 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. But no longer. These global trends present challenges for businesses, but also the opportunity to excel. Traceability, a critical part of the supply chain process, will take precedence in 2020. Ignore them and, well, don’t blame us if your partner leaves … (Of course, the youngest workforce generation is leading the way, with almost half of millennials freelancing already.). Automation of routine work with artificial intelligence (AI), digital dexterity, and hybrid work with distributed workforce will be three key trends impacting the future of work, according to Gartner. Everything we know about the future of work is being shaped by five trends: globalization, technology, changing demographics, new behaviors, and mobility. Companies may also perform more corporate training to retrain current staff. Share with us on social media. Hiring the right candidate is essential for every organisation, and that’s the core … , 2020 Strategies And Insights For Midsize Companies Series The future of work … 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. Below are 13* dynamics to pay attention to in the next 12 months. 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. This year, 2019, saw a changing of the demographic guard – there are now 73 million millennials vs. 72 million baby boomers. This confluence – of millennials, technology, and attitudes – means that your staff will increasingly expect to work when, where, and how they want. ), I started out back in the day working for a big firm in the big city. We are officially in a new decade. , Remote Work While some jobs will be lost, and many others created, almost all will change. Now, of course, remote working is all the rage, but it wasn’t then. Over the past 10 years, the global business landscape has dramatically transformed. Big data, the cloud, the internet of things, robots, automation, video, collaboration … As Stephane Kasriel, the CEO of the remote working platform UpWork, explains. As technology continues to get smarter and changing ways of working continue to impact workplace design, we explore which key trends are shaping the future of the office for 2020 and beyond… Coworking challenges the traditional office. Instead, what we are increasingly seeing is that cities like Portland, Austin, and the like are highlighting their towns as a great lifestyle choice for today’s top talent, emphasizing things like affordability, nightlife, and sustainability. “In 2020, organisations across the world experienced a sudden surge in remote workers. 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. I also had a big commute. “People know that place-bound work no longer makes sense. It is being driven by the technology to help us do that. Download Mercer’s 2020 Global Talent Trends Study today. Karl Marx famously said, “Workers of the world, unite!” These days, a more appropriate phrase may be, “Workers of the world, disintegrate!”. And get this: According to one survey I just saw, the majority of the U.S. workforce will freelance to some degree by 2027. SME Reach out to us today for a consultation. Indeed, whereas work used to be a place where you go, now it is something that you do. For years, generations actually, baby boomers ruled the land. Much of this has to do with the fact that younger workers are increasingly choosing lifestyle over work. For ages, cities offered tax breaks and other incentives to try to get employers to relocate to their area. At the same time, consumers are also demanding more from businesses — more transparency, more sustainability, and more personalization. According to the World Health Organization, 600 million people suffer food poisoning every year and 420,000 die as a result. More Organic Artificial Intelligence. The Digitalist Magazine is your online destination for everything you need to know to lead your enterprise’s digital transformation. The good news is that companies are making remote work easier, more productive, and more possible. The future of work: Top collaboration trends for 2020 As we move into a new decade, we continue to battle the workplace practices of the 20th century. [Updated on June 13, 2020] Remote work is changing how the global workspace operates. Another trend for businesses struggling with a labour shortage is to employ technology to perform skilled roles. The future of work is already here, and the way we work and interact with companies is changing ever ...[+] faster as we move into 2020. Measure adaptability quotients (AQ) instead of IQs. Register for Winning in the 2020s:  Six Trends Every Midsize Company Needs to Know. Driven by accelerating connectivity, new talent models, and cognitive tools, work is changing. 2019 was the year that burnout–a syndrome resulting … This will help benefit both businesses and their employees, by improving productivity, profitability and … We are no longer using cookies for tracking on our website. But will these changes persist into the future? Need service or support? Although I don’t practice law anymore (I came to my senses long ago, thank you very much! 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. Perhaps more importantly, they also expect tech to be the number one driver of change in the next 18 months. And they are using the digital tools that companies like SAP are creating to forge something altogether new and surprisingly analog: A better, more connected way of working with each other, with employees, with employers, and with customers. Freepik. 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. 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. If you disable this cookie, we will not be able to save your preferences. In 2020, the use of AI in supply chain and manufacturing processes will only continue to grow. Driving Employee Experience. Read the Digitalist Magazine and get the latest insights about the digital economy that you can capitalize on today. While the exact answer can vary by organization, we gain much insight by looking at the overall movements shaping modern industry. ), I started out back in the day working for a big firm in the big city. We live experientially. Just look at what the mayor of San Jose, California, wrote in his op-ed for the Wall Street Journal, “Why I’m Not Bidding for Amazon’s HQ.” Mayor Liccardo explained: “Luring new corporate offices like those of Amazon to cities would only perpetuate an unsustainable cycle. Other notable innovations in supply chain automation have also gained traction in 2019. More freedom, better work, more connections, better choices. 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! The data in … According to a recent survey by Bankrate, nearly 40% of all Americans now do their own thing and have a side hustle. They will expect to be remote and to be given the tools and freedom to work this way. The first two revolutions were about mass production. The third turned us into knowledge workers bound in offices. 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. Steve Strauss . The rising importance of the user interface has … 2020 opportunities By utilising technology, supporting wellbeing and encouraging flexible working, new generations are able to keep up with the evolution of the modern workplace. As a way to manage this potential risk, 53 percent of respondents will be looking to the remote workforce to fill the gaps that they anticipate experiencing in 2020 and beyond. 1 Comment Mycoworking Space on May 22, 2020 9:45 am. For instance, order fulfillment automation is an emerging trend that can fill orders faster with less overhead and resources — plus it limits the need for skilled staff members. 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.”. As Strategy+Business put it, “…you can no longer treat investments in these areas as a cost, as you might have in the past — you now need to view these investments as a means to unlock value.”. , SMB So, as it turns out, I was a bit of a forerunner in that regard. What global business trends do you think we’ll see in 2020? “As technology untethers society, and remote work becomes the norm, people will live in the cities of their choosing, rather than the ones that are nearest to where they work. The cities of their choosing will have a certain “vibe” by offering attractive living options in tech-friendly environments.”. Standard hiring. Innate liking for flexible work schedules. In 2020, professional services firms will struggle with how AI can … AI redefines professional services. As competition increases, improving the customer experience and the supply chain process will become increasingly important. Our team of experts helps businesses achieve end-to-end transformation and ongoing optimization. Steve Strauss is a best-selling author and senior USA TODAY small business columnist whose content and media appearances reach millions. Bye-bye, boomer dominance. 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. 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. While AI and automation won’t replace the need for humans, in 2020 we expect to see more robust and strategic technology used to bolster the workforce of the future. The upshot of all of this is that what people are increasingly looking for in this technologically driven society is something more. 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. , Experience Management See IDC’s list of top trends for small and midsize businesses in the 2020s. According to IDC Manufacturing Insights, by the end of 2021, half of all manufacturing supply chains will have invested in supply chain resiliency and AI resulting in productivity improvements of 15%. Executives and recruiting professionals are worried about the health of their industries and the demand for skilled workers, according to the 2020 Future of Work Report. Part 2 of the “2020 Strategies and Insights for Midsize Companies” series. For businesses, innovation offers many exciting opportunities; however, it can be difficult to know which advancements will be the most beneficial. For instance, one software company recruits medical technology professionals and trains them for information technology roles. We’ll find you a solution. Are you ready for flextime and remote work and BYO devices and gig workers and all the rest? All rights reserved worldwide. In 2020, we can expect to see even more innovations that will shape the future of work and beyond. Mental health conversations in the workplace. 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. We can help navigate trends in 2020 and beyond. The 9-to-5 work schedule has for long been second nature … 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. Do so and you’ll have perfect vision about where to place your bets. , Small And Midsize Businesses Learn how leading companies use knowledge, intuition and empathy to build inclusive prosperity and bright futures in the future of work. This means that every time you visit this website you will need to enable or disable cookies again. Steve is also an attorney, thought leader, and the author of 17 books, including The Small Business Bible. 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. Future of Work The world of work is changing. Top Work Trends For 2020 And Beyond. If you’re wondering what’s ahead for the future of work, read on. 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. For businesses, innovation offers many exciting opportunities; however, it can be difficult to know which advancements will be the most beneficial. The talent war of the future will no longer be between companies, it will be between cities. As robotics, AI, the gig economy and crowds grow, jobs are being reinvented, creating the “augmented workforce.” We must reconsider how jobs are designed and work to adapt and learn for future growth. Worker digital dexterity will become critical. , 2020 Predictions, How To Lead A Midsize Business Through Times Of Risk And Unpredictability, Midsize Retailers Expand Their Communities In Response To Crisis, Four Reasons Why Professional Services Can Emerge Stronger From Extensive Disruption. © Digitalist 2021. Guest Column: Priyanka Agrawal, Co-founder, COO and Chief Strategy Officer, Fractal Ink … Cain highlights three overarching future work trends expected in developed nations in the 2022 – 2026 time frame, along with some of their key impacts. 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