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As Part of 85 Broads San Francisco Conversation on the Future of Work
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UNLOCKING THE FUTURE OF WORK UNLOCKING THE FUTURE OF WORK Creating 21 Creating 21st st Century Organizations that are Innovative, Century Organizations that are Innovative, Collaborative and Global Collaborative and Global Ayelet Baron| Ayelet Baron| Futurist Futurist November 14, 2013 November 14, 2013 ayeletbaron.com ayelet27@gmail.com Twitter: @ayeletb
Key Trends: Setting the Stage © 2013 Simplifying Work. Ayelet Baron
1 People First will Drive Results © 2013 Simplifying Work. Ayelet Baron
According to Gallup, 3 in 10 employees are engaged at work DeloiAe’s ShiD Index indicates that 20% of workers like their jobs SURVEY SAYS Organizations that put their people first will have a huge advantage © 2013 Simplifying Work. Ayelet Baron 4 4 4
2 We Are Still Operating with 20th Century Practices in A 21st Century Work World © 2013 Simplifying Work. Ayelet Baron
We may have cubicles but we are sOll operaOng like it’s 1954. You drive to the office to sit in a cube. 20th Century © 2013 Simplifying Work. Ayelet Baron
3 Workplace Demographics Are Shifting 7 © 2013 Simplifying Work. Ayelet Baron
By 2025, over 75% of the workforce will be comprised of Millennials. That’s just over 11 years away. SHIFTS 8 © 2013 Simplifying Work. Ayelet Baron
http://strategicphilanthropyinc.com/the-next-generation-of-philanthropy-engaging-millennials-in-your-corporate-giving-efforts/http://strategicphilanthropyinc.com/the-next-generation-of-philanthropy-engaging-millennials-in-your-corporate-giving-efforts/ BUSINESS MEASURED BY SOCIETAL VALUE Millennials, relative to older generations, are all about giving back to communities that align with their core values 9 9 © 2013 Simplifying Work. Ayelet Baron
4 82% of workers 50+ say it is at least somewhat likely they will work for pay In retirement. And 47% expect to retire later than they previously thought AP-NORAC Center for Public Affairs Research MORE SHIFTS 10 © 2013 Simplifying Work. Ayelet Baron
The emergence of women at work 5 11 © 2013 Simplifying Work. Ayelet Baron
12 © 2013 Simplifying Work. Ayelet Baron
Work — at the level of the economy, business, and individual — is changing faster than ever before. People become more important than ever to create and execute strategies. HUMAN CENTRIC 13 13 13 13 © 2013 Simplifying Work. Ayelet Baron
Employees are increasingly looking for personal growth, purpose recogniOon, access, influence, impact PURPOSE 14 © 2013 Simplifying Work. Ayelet Baron
6 Global demographics will shape the workplace 15 © 2013 Simplifying Work. Ayelet Baron
From 2012 to 2030 there will be a decline of 40M workers in developed countries. By 2020, developed countries will need +40M workers. In developing counOes, there will be an increase in 1B workers −Hot Spots Movement GLOBALIZATION 16 16 © 2013 Simplifying Work. Ayelet Baron
Significant talent gaps expected from 2020 and beyond in parts of the world while others will be challenged by employability TALENT GAPS 17 17 © 2013 Simplifying Work. Ayelet Baron
7 The Contingent Workforce Will Change Business 18 © 2013 Simplifying Work. Ayelet Baron
Source: Future of Work: MBO State of Independence 2013 Study, Emergent Research INDEPENDENT WORKFORCE By 2020, over 40% of the workforce will be conOngent 19 19 © 2013 Simplifying Work. Ayelet Baron
Source: Future of Work: MBO State of Independence 2013 Study, Emergent Research INDEPENDENT WORKFORCE Independents spent $96 billion hiring the equivalent of 2.3 million FT workers via contract hiring. 1 in 4 hired others on a contract basis. 20 20 © 2013 Simplifying Work. Ayelet Baron
8 Average amount of office space per employees in the U.S. dropped from 400 square feet to 250 and will be reduced to 150 (NYT). 47% of Aetna’s 35,000 employees work from home now, with millions of dollars in savings WSJ WORKING ANYWHERE 22 22 22 22 © 2013 Simplifying Work. Ayelet Baron
9 ConsumerizaOon of the workplace 23 23 © 2013 Simplifying Work. Ayelet Baron
hGp://www.slideshare.net/bengrossman/10-‐social-‐best-‐pracLces-‐from-‐the-‐best-‐social-‐brands-‐of-‐2013 Easy for consumers to get what they want when they want it ABUNDANCE 24 © 2013 Simplifying Work. Ayelet Baron
10 Companies will measure how employees use their time with data and analytics, like Google and others 25 Business Insider: http://www.businessinsider.com/the-future-of-the-workplace-slide-deck-2013-2#-59
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12 Knowing how to reinvent your business may keep you in business 27 27 27 © 2013 Simplifying Work. Ayelet Baron
Say Hello to 21 Say Hello to 21st st Century Work: Century Work: Say Goodbye to 20 Say Goodbye to 20th Practices: Practices: th Century Century Nimble organizaLon and open, transparent communicaLon Top-‐down hierarchies © 2013 Simplifying Work. Ayelet Baron
Say Hello to 21 Say Hello to 21st st Century Work: Century Work: Say Goodbye to 20 Say Goodbye to 20th Practices: Practices: th Century Century Nimble organizaLon and open, transparent communicaLon Top-‐down hierarchies CreaLng new markets CompeLng for market share © 2013 Simplifying Work. Ayelet Baron
Say Hello to 21 Say Hello to 21st st Century Work: Century Work: Say Goodbye to 20 Say Goodbye to 20th Practices: Practices: th Century Century Nimble organizaLon and open, transparent communicaLon Top-‐down hierarchies CreaLng new markets CompeLng for market share Project-‐based work Job based work © 2013 Simplifying Work. Ayelet Baron
Say Hello to 21 Say Hello to 21st st Century Work: Century Work: Say Goodbye to 20 Say Goodbye to 20th Practices: Practices: th Century Century Nimble organizaLon and open, transparent communicaLon Top-‐down hierarchies CreaLng new markets CompeLng for market share Project-‐based work Job based work People-‐ centric OrganizaLon-‐centric © 2013 Simplifying Work. Ayelet Baron
Say Hello to 21 Say Hello to 21st st Century Work: Century Work: Say Goodbye to 20 Say Goodbye to 20th Practices: Practices: th Century Century Nimble organizaLon and open, transparent communicaLon Top-‐down hierarchies CreaLng new markets CompeLng for market share Project-‐based work Job based work People-‐ centric OrganizaLon-‐centric Command and control Trust-‐based © 2013 Simplifying Work. Ayelet Baron
Say Hello to 21 Say Hello to 21st st Century Work: Century Work: Say Goodbye to 20 Say Goodbye to 20th Practices: Practices: th Century Century Nimble organizaLon and open, transparent communicaLon Top-‐down hierarchies CreaLng new markets CompeLng for market share Project-‐based work Job based work People-‐ centric OrganizaLon-‐centric Command and control Trust-‐based Networks/RelaLonship based OrganizaLon hierarchy © 2013 Simplifying Work. Ayelet Baron
Say Hello to 21 Say Hello to 21st st Century Work: Century Work: Say Goodbye to 20 Say Goodbye to 20th Practices: Practices: th Century Century Nimble organizaLon and open, transparent communicaLon Top-‐down hierarchies CreaLng new markets CompeLng for market share Project-‐based work Job based work People-‐ centric OrganizaLon-‐centric Command and control Trust-‐based Networks/RelaLonship based OrganizaLon hierarchy Work-‐life balance Life-‐work © 2013 Simplifying Work. Ayelet Baron
Say Hello to 21 Say Hello to 21st st Century Work: Century Work: Say Goodbye to 20 Say Goodbye to 20th Practices: Practices: th Century Century Nimble organizaLon and open, transparent communicaLon Top-‐down hierarchies CreaLng new markets CompeLng for market share Project-‐based work Job based work People-‐ centric OrganizaLon-‐centric Command and control Trust-‐based Networks/RelaLonship based OrganizaLon hierarchy Work-‐life balance Life-‐work Having 10+ jobs by 40 30+ Year Career © 2013 Simplifying Work. Ayelet Baron
Companies that authentically value their employees will be (and already are) the big winners in the 21st- century economy. © 2013 Simplifying Work. Ayelet Baron
