The Changing Nature of WorkCapturing the Millennial Workforce and Enhancing Organizational Performance through Social Collaboration презентация

Performance through Social Collaboration

Shaping the Future of Work

breakdown of your workforce? How is this likely to change in 5 years? What about 10?

of U.S. workforce
By 2020 Millennials will comprise nearly half (46%)
Gen X = 16% of workforce
Median age of workforce expected to increase to 42 in 2020
How this affects your business:
Workforce growing at a slower rate
Pension and health costs rise just as growth in the tax base slows
Fewer workers – particularly fewer experienced workers -- threat to productivity.and economic growth
Departing Baby Boomers create leadership and skills gap
Immigration a strong contributor to workforce growth
Increased diversity

2020

???

* Example is US

– to determine preferences and hone abilities
Fewer layers → more direct access to leadership, greater opportunity for mentorship
More exposure, influence on strategic decisions - more likely to be “heard”

“Gen Y on the Job,” www.payscale.com, 2012.

Western workforce by 2025, the largest proportion in history.

Most educated workforce in history.

Tech-natives – grew up with access and dependence on technology.

Ethnically and culturally diverse due to more open immigration policies than in previous generations.

Most educated female demographic in history.

The children of Baby Boomers, or older Gen X.

years of workplace experience

How do you not only fill the gap but surpass your competitors?
Collaboration
Deliver employee experiences that strengthen knowledge of and appreciation for the customer value chain
Authenticity
Values in action and transparency facilitated through social media/collaboration, open financial books, full disclosure on pay
Personalization
Nurture employee relationships that align with needs of every generation at each life stage
Innovation
Offer innovative practices aligned to organizational strategy
Social connection
Provide fun, engaging work environments (virtual or physical)
Encourage use of social media tools/techniques that allow employees to enable workplace performance and support life interests

like HR Technology…

of decision makers to support real time decisions

Let’s take a look…

and concierge
Work-life flexibility will replace work-life balance
The global talent shortage will be acute
Recruiting will start on social networking sites
You will be hired and promoted based upon your reputation capital
Building a portfolio of contract jobs will be the path to full-time employment
Corporate social networks will flourish and grow inside companies
Social media literacy will be required for all employees
Leaders will learn to blog (to promote authenticity, transparency)
Lifelong learning will be a business requirement
Development opportunities will be personalized and address generational needs

The 2020Workplace: How Innovative Companies Attract, Develop and Keep Tomorrow’s Employees Today by Jeanne C.Meister and Karie Willyerd. Copyright © 2010 by Jeanne C. Meister and Karie Willyerd.