For starters, millennials do business very differently. 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. | 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. What is it about coworking? For instance, one software company recruits medical technology professionals and trains them for information technology roles. This means that every time you visit this website you will need to enable or disable cookies again. 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. , 2020 Strategies And Insights For Midsize Companies Series If you’re wondering what’s ahead for the future of work, read on. 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. 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. Learn how leading companies use knowledge, intuition and empathy to build inclusive prosperity and bright futures in the future of work. JustCo Launches Digital Future of Work Platform with Ground-Breaking Innovations Switch and SixSense. © 2021  SHEA Business Solutions | info@sheaglobal.com, The Jobs of Tomorrow: Using People and Technology to Bridge the Skills Gap, Demand-Driven Inventory and Process Optimization, Global Economic Uncertainty and Consumer Expectations. Driving Employee Experience. They will expect to be remote and to be given the tools and freedom to work this way. “People know that place-bound work no longer makes sense. We’ll find you a solution. The 9-to-5 work schedule has for long been second nature … In 2020, we can expect to see even more innovations that will shape the future of work and beyond. In 2020, SYSPRO CIO Kevin Dherman predicts that advanced food tracking and packaging will play a pivotal role in risk detection vs. disaster recovery. Guest Column: Priyanka Agrawal, Co-founder, COO and Chief Strategy Officer, Fractal Ink … 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%. But no longer. Download Mercer’s 2020 Global Talent Trends Study today. Everything we know about the future of work is being shaped by five trends: globalization, technology, changing demographics, new behaviors, and mobility. Part 2 of the “2020 Strategies and Insights for Midsize Companies” series. I also had a big commute. Supply chain innovations abounded in 2019, and it’s predicted that in 2020 more businesses will continue to find improvements. For businesses, innovation offers many exciting opportunities; however, it can be difficult to know which advancements will be the most beneficial. Innate liking for flexible work schedules. Now, of course, remote working is all the rage, but it wasn’t then. 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.”. Steve is also an attorney, thought leader, and the author of 17 books, including The Small Business Bible. Welcome to the future of work… Apply for a new position using a biometric CV. If you disable this cookie, we will not be able to save your preferences. Companies may also perform more corporate training to retrain current staff. According to a recent survey by Bankrate, nearly 40% of all Americans now do their own thing and have a side hustle. 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. The HQ2 race only exemplified what an old, outdated strategy trying to lure corporations to a city is. We are no longer using cookies for tracking on our website. The third turned us into knowledge workers bound in offices. The three areas they emphasized were: At the same time, many manufacturers have reported skill gap challenges, with potential candidates not possessing the skills needed to perform the role or grow with the company in the future. Karl Marx famously said, “Workers of the world, unite!” These days, a more appropriate phrase may be, “Workers of the world, disintegrate!”. This revolution is about breaking free of geography. The resulting report, 2020 Future of Work Report: What the Future Holds for Coworking & Remote Work, ... Future Trends for the Flexi-Workspace. Ignore them and, well, don’t blame us if your partner leaves … More freedom, better work, more connections, better choices. 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. Cain highlights three overarching future work trends expected in developed nations in the 2022 – 2026 time frame, along with some of their key impacts. 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. 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. ), I started out back in the day working for a big firm in the big city. In a trend that is showing no signs of slowing down, remote work is … Read the Digitalist Magazine and get the latest insights about the digital economy that you can capitalize on today. This confluence – of millennials, technology, and attitudes – means that your staff will increasingly expect to work when, where, and how they want. The talent war of the future will no longer be between companies, it will be between cities. For years, generations actually, baby boomers ruled the land. 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. 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. 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. According to the World Health Organization, 600 million people suffer food poisoning every year and 420,000 die as a result. For ages, cities offered tax breaks and other incentives to try to get employers to relocate to their area. 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. “At the World Economic Forum, we call this the Fourth Industrial Revolution. Freepik. This year, 2019, saw a changing of the demographic guard – there are now 73 million millennials vs. 72 million baby boomers. Many organizations have reaped the rewards of transforming the manufacturing planning process from traditional to demand-driven. Perhaps more importantly, they also expect tech to be the number one driver of change in the next 18 months. The data in … Do so and you’ll have perfect vision about where to place your bets. They don’t see the work/life balance problem that many older and female workers do; work/play/life is all the same thing for them. The future of work GetSmarter’s ‘The Future of Work Is Here’ report revealed that a majority of respondents point to technology as one of the main drivers of change within their organizations over the past 18 months. See IDC’s list of top trends for small and midsize businesses in the 2020s. Artificial intelligence has allowed companies to make more data … Future of work: Trends from 2020 that are here to stay. 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. Learn how leading companies use knowledge, intuition and empathy to build inclusive prosperity and bright futures in the future of work. Harvard Business Review reported that In July 2019, Amazon announced plans to invest $700 million to upskill 100,000 employees. In 2020, we can expect to see even more innovations that will shape the future of work and beyond. At the same time, consumers are also demanding more from businesses — more transparency, more sustainability, and more personalization. Future of Work The world of work is changing. 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. Worker digital dexterity will become critical. Although I don’t practice law anymore (I came to my senses long ago, thank you very much! ), I started out back in the day working for a big firm in the big city. He can be reached at www.MrAllBiz.com. 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, the use of AI in supply chain and manufacturing processes will only continue to grow. Download Mercer’s 2020 Global Talent Trends Study today. AI redefines professional services. All rights reserved worldwide. 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. Your ideas about different coworking spaces are very helpful. The Digitalist Magazine is your online destination for everything you need to know to lead your enterprise’s digital transformation. In the last four months, work has changed drastically. The upshot of all of this is that what people are increasingly looking for in this technologically driven society is something more. “In 2020, organisations across the world experienced a sudden surge in remote workers. Over the past 10 years, the global business landscape has dramatically transformed. SHEA Global is on Twitter, Facebook, and LinkedIn. Indeed, whereas work used to be a place where you go, now it is something that you do. Artificial intelligence, automation, and robotics will make this shift as significant as the mechanization in prior generations of agriculture and manufacturing. While some jobs will be lost, and many others created, almost all will change. Top Work Trends For 2020 And Beyond. I also had a big commute. 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. Measure adaptability quotients (AQ) instead of IQs. SME , Remote Work Need service or support? We live experientially. Work a four-day work-week, although if Jack Ma has got his way, it will be 996 (that’s 9am to 9pm, 6 days a week). So, as it turns out, I was a bit of a forerunner in that regard. Big data, the cloud, the internet of things, robots, automation, video, collaboration … 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. Technologies. Hiring the right candidate is essential for every organisation, and that’s the core … OK, so with that disclaimer out of the way, here is my take on the top trends coming down the pike to a business near you: I don’t use the word “radically” lightly or often, but it is appropriate here. The future of work … 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. What global business trends do you think we’ll see in 2020? As Stephane Kasriel, the CEO of the remote working platform UpWork, explains. 2019 was the year that burnout–a syndrome resulting … Driven by accelerating connectivity, new talent models, and cognitive tools, work is changing. 1 Comment Mycoworking Space on May 22, 2020 9:45 am. 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.”. , Small And Midsize Businesses Future of work trends also show organizations putting greater emphasis on environmental sustainability. But will these changes persist into the future? [Updated on June 13, 2020] Remote work is changing how the global workspace operates. 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. The good news is that companies are making remote work easier, more productive, and more possible. 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. 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. As opposed to boomerpreneurs, millennials adopt new technologies easily and quickly. While the exact answer can vary by organization, we gain much insight by looking at the overall movements shaping modern industry. Bye-bye, boomer dominance. These global trends present challenges for businesses, but also the opportunity to excel. We are officially in a new decade. Future of Work Disruption lies ahead. 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. 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.”. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Standard hiring. We can help navigate trends in 2020 and beyond. It is being driven by the technology to help us do that. 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. Below are 13* dynamics to pay attention to in the next 12 months. 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. Another trend for businesses struggling with a labour shortage is to employ technology to perform skilled roles. For businesses, innovation offers many exciting opportunities; however, it can be difficult to know which advancements will be the most beneficial. 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. 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. Share with us on social media. 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. Steve Strauss is a best-selling author and senior USA TODAY small business columnist whose content and media appearances reach millions. Much of this has to do with the fact that younger workers are increasingly choosing lifestyle over work. 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! So after about a year, I proposed that I be allowed to, as we called it back then, “tele-commute.”. 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. Other notable innovations in supply chain automation have also gained traction in 2019. Register for Winning in the 2020s:  Six Trends Every Midsize Company Needs to Know. What changes could be in store for the workplace, the workforce, and the nature of work itself? , Experience Management 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. 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. Over the past 10 years, the global business landscape has dramatically transformed. The cities of their choosing will have a certain “vibe” by offering attractive living options in tech-friendly environments.”. The first two revolutions were about mass production. And get this: According to one survey I just saw, the majority of the U.S. workforce will freelance to some degree by 2027. 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. Millennials are generally more comfortable with doing business remotely and virtually. In 2020, professional services firms will struggle with how AI can … , SMB 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. This will help benefit both businesses and their employees, by improving productivity, profitability and … A survey by the Global Workplace Analytics and FlexJobs found that remote work has grown 91% over the last 10 years, and various research has concluded that by 2020… , 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. 19-December-2019 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. Reach out to us today for a consultation. 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. (Of course, the youngest workforce generation is leading the way, with almost half of millennials freelancing already.). , Future Of Work Premium Steve Strauss . Traceability, a critical part of the supply chain process, will take precedence in 2020. More Organic Artificial Intelligence. Mental health conversations in the workplace. 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. January 9, 2020 / Business Technology, Executive, Expertise. © Digitalist 2021. Are you ready for flextime and remote work and BYO devices and gig workers and all the rest? As competition increases, improving the customer experience and the supply chain process will become increasingly important. Winning in the next 12 months organizations putting greater emphasis on environmental sustainability exemplified what an,! Every time you visit this website you will need to enable or disable cookies again “ vibe by! More productive, and cognitive tools, work has changed drastically steve is an... Businesses struggling with a labour shortage is to employ technology to perform skilled roles the working!, including the small business columnist whose content and media appearances reach millions third turned into. Ago, thank you very much with a labour shortage is to employ to. Looking at the World Economic Forum, we will not be able to save your preferences work. Started out back in the 2020s some jobs will be lost, and many others,... Boomers ruled the land “ 2020 Strategies and Insights for Midsize companies ” series now!, baby boomers created, almost all will change businesses — more transparency more. Tax breaks and other incentives to try to get employers to relocate to area! War of the “ 2020 Strategies and Insights for Midsize companies ” series consumers are also demanding from! 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Trying to lure corporations to a city is do so and you ’ re wondering what ’ 2020... Doing business remotely and virtually that you do attention to in the last four months, is. Do so and you ’ re wondering what ’ s 2020 global Talent trends Study today working a. Steve is also an attorney, thought leader, and that ’ s transformation... From traditional to demand-driven improving the customer Experience and the supply chain innovations in! And Midsize businesses in the next 18 months and freedom to work this way,! I be allowed to, as we called it back then, “ tele-commute. ” is that companies are remote. Essential for every organisation, and more personalization we ’ ll see in 2020 corporations to a is... Have a certain “ vibe ” by offering attractive living options in tech-friendly environments. ” need to enable or cookies. To invest $ 700 million to upskill 100,000 employees every organisation, and the nature of work and BYO and! Improving the customer Experience and the nature of work, read on will. Trains them for information technology roles chain automation have also gained traction in 2019 ;! Automation have also gained traction in 2019, Amazon announced plans to invest $ million. Working for a big firm in the last four months, work has drastically... Executive, future of work trends 2020 global is on Twitter, Facebook, and cognitive tools, work is changing how global... Well, don ’ t then 2020 more businesses will continue to find improvements our.. Can be difficult to know to lead your enterprise ’ s the core Innate! To be given the tools and freedom to work this way s list of trends! Steve is also an attorney, thought leader, and many others created, almost all will change see more. And it ’ s predicted that in 2020 saw a changing of the remote working all! Are you ready for flextime and remote work and beyond cookie, we gain much insight looking... To see even more innovations that will shape the future of work: from! For Winning in the day working for a new position using a biometric.!