SlideShare une entreprise Scribd logo
1  sur  10
Future of Talent: Trends 1
Sponsored by
#HRU Future of Talent: Insights White Paper
August 2015
What Will a
Future Workforce
Look Like?
Sponsored by
1. Introduction
2. Technological Factors:
2.1. The fast pace of technological innovation
2.2. Automation is everywhere: does that threaten
humanity itself
2.3. Everything is connected, virtual, intelligent
and in the cloud
3. Demographic Factors:
Changing dynamics of global population growth
4. Impact on HR / Recruitment
4.1. Future of Recruiting tools and technology
4.2. The Currency of
5. The future of work?
How to navigate the future of work /
life balance v work - life integration
6. Key Takeaways
Contents:
Future of Talent: Trends 2
Future of Talent: Trends 23
What Will a Future
Workforce Look Like?
A period of prosperity and promise, one where,
for the time in history, the world and vast
amounts of human knowledge was suddenly
accessible in the palm of our hands. Technology
has been gradually changing the way we live for
nearly two decades, with innovation having as
much impact in on our careers as personal lives.
What does the continual pace of innovation
mean for the future workforce? What impact
will that have on our careers in the years and
decades to come?
In London, on 9 March 2015, a group of
progressive-minded HR and recruitment industry
experts and professionals met to discuss the
future of the workforce at the #HRU Future of
Talent Workshop.
This white paper summarizes some of the key
insights and concerns raised, and what that
means for recruiters and HR professional around
the world, now and in the future.
Introduction
about an unprecedented period of innovation. A digital revolution, one which
changed billions of lives.
Want to discover more about
the Future of Work?
Share ideas and learn from some of
the world's leading experts in HR and
recruitment. Attend an Unconference
near you: www.globalhru.com
REGISTER NOW
Sponsored by
2. Technological Factors
Despite the seemingly ubiquitous nature
of Facebook, Twitter, Google and YouTube,
Snapchat and WhatsApp, digital adoption is far
from universal. Even in developed countries,
there is still tens of millions of consumers and
businesses with limited or no access to digital
services.
Achieving a near universal level of digital
inclusion is still a challenge for governments,
with from the UK estimating that 21% of
the population lack basic digital skills. Research
by Lloyds Bank, a large UK high street bank, has
found that 23% of SME’s and 58% of charities
are in a similar position.
With internet.org, led by Facebook CEO Mark
Zuckerberg, as well as other government and
NGO-supported projects around the world, the
aim is to connect the other two out of three
people worldwide without Internet access.
Depending on economic development and the
pace of innovation, this dream could be achieved
within a century.
What does this mean for a future workforce?
Digital connectivity will be ubiquitous,
regardless of a countries level of economic
development, which will widen the talent pool
for outsourced operations.
2.1.The fast pace of technological innovation
What could happen if Ar Intelligence (AI)
started to think for itself? What would happen if
our creations turned on the human
race? Frankensteins monster with a big data
brain and the strength of Wolverine.
With popular movies such as Ex Machina, I,
Robot, RoboCop, Bicentennial Man and dozens of
others painting various outcomes for a
world where human and AI attempt to co-exist.
Sometimes successfully, other times, not so
much.
Some of the minds of our generation,
including Bill Gates, Steve Wozniak, Elon Musk
and Stephen Hawking have all warned of the
dangers. Stanford University has conducted a
100 year study, concluding that “we could one
day lose control of AI systems via the rise of
superintelligences that do not act in accordance
with human wishes – and that such powerful
systems would threaten humanity.”
What does this mean for a future workforce?
With AI and big data playing more of a role in
production and services, the “human element”
will shift to the higher end of the value chain,
especially for knowledge economy workers.
2.2.Automation is everywhere: does that threaten humanity itself?
Sponsored by
Future of Talent: Trends 4
2.Technological Factors Continued
Relatively speaking, this is still early days for
a hyperconnected, fully digital world. It could
easily take a century to achieve universal digital
adoption, providing a hostile race of
Intelligences don’t destroy humanity in the
meantime.
At this point, we seem to have more questions
than answers. But these are questions worth
asking:
• Should we expect a backlash against too much
connectivity?
• Could greater transparency reduce crime?
• Is there a risk we could automate too much of
our lives and work?
What does this mean for a future workforce?
Whether to hire someone used to be based
on gut decisions, how well a recruiter / HR
professional got along with a candidate. The
problem with this approach is it means basing
one of the most important - and for most
businesses - most expensive decisions on a
feeling. One human to another. These days, this
is how
• Pre-employment assessments help companies
understand candidates actual competencies:
what they can do, rather than what they claim
they can do.
• With social media sentiment analysis,you can
track when potential candidates (both active
and the passively active) are looking for new
jobs, then send them targeted social media
campaigns.
• Employers can from performance
tracking software, which allows them to gain
an understanding of an employee’s success
rate in their last role, where applicable.
However, data can go too far. One company in
California is being sued by a former employer
after they her for disabling an app on her
phone that was tracking her every move outside
hours.
The law has to draw lines in the sand when
employers and technology invade personal
privacy, but there’s still more data employers
would gain value from when it comes to new
hires and staff performance.
2.3. Everything is connected, virtual, intelligent and in the cloud
Want to discover more about the Future of Work?
Share ideas and learn from some of the world's leading experts in HR and
recruitment. Attend an Unconference near you: www.globalhru.com
REGISTER NOW
Sponsored by
Future of Talent: Trends 5
Future of Talent: Trends 6
3. Demographic Factors
There was a consensus that the world’s
population would hit 9 billion in 20 years, then
start to decline.
Research published in 2014, led by Professor
Adrian Raftery at the University of Washington,
has overturned that consensus. Academics,
governments and the UN are now 80% certain
that as of 2100 the global population will be
between 9.6 and 12.3 billion people. The chance
of an expected population peak, followed by
a decline is almost non-existent, with a 70%
chance of continued rising after 2100.
What does this mean for a future workforce?
Ageing populations in Western Europe, North
America, Australasia and Japan could result in
a global population shift, necessary to support
continued innovation in the more mature
developed economies. How companies and
governments share resources and deal with
immigration will become a key issue for inter-
regional relations, which in turn could impact
the workforce of the future.
Changing dynamics of global population growth
Academics, governments and
the UN are now 80% certain
that as of 2100 the global
population will be between
9.6 and 12.3 billion people
Sponsored by
4. Impact on HR / Recruitment
Resumes and human intuition - that gut feeling
when you meet someone (which according
to science happens in the blink of an eye,
literally) are being phased out in favour of data-
backed recruitment solutions.
HR and recruitment will become a value-
added skill, much like accounting. According
to Software Advice research, as of 2022 there
will be a 22% and 8% growth in HR Manager
roles HR specialist roles, respectively. Software
isn’t eating recruitment: software is making
recruitment professionals more valuable at all
levels of the corporate world.
According to the report:
• HR job titles are a more business-
focused HR department.
• Professional in Human Resources (PHR) and
Senior Professional in Human Resources
(SPHR) are the most desired
• Annual compensation for HR jobs is $60,000—
well above the national average in the US.
What does this mean for a future workforce?
Along with other knowledge economy roles,
HR and recruitment professionals will spend
more time on higher value tasks and less time
pushing paper. Analysis and interpretation of big
data inputs, aligned with business objectives,
will become core job requirements during the
next decade.
4.1. Future of Recruiting tools and technology
Software isn’t eating recruitment:
software is making recruitment
professionals more valuable
Want to discover more about the Future of Work?
Share ideas and learn from some of the world's leading experts in HR and
recruitment. Attend an Unconference near you: www.globalhru.com
REGISTER NOW
Sponsored by
Future of Talent: Trends 7
Sponsored by
4. Impact on HR / Recruitment
Continued
Ever since the recession there’s been a greater
burden on employees to act like entrepreneurs.
Steady progression can no longer be relied on.
LinkedIn Co-founder & Chairman, Reid Hoffman
co-authored The Start-Up of You to help people
navigate the evolving rules of employment.
Personal and professional branding has
never been more important, especially for
professionals, executives and knowledge
economy workers. With the demise of long-term
careers (many now stay with companies for only
4.4 years), reputations and professional victories
should be displayed for the outside world,
wherever applicable.
Alongside the value of professional branding,
- which is also something we can
cultivate ourselves (with blogs,Twitter, Medium,
LinkedIn) - will become a more important factor
in hiring decisions.
This could include:
• Network value: including reach and Klout
scores.
connections: who do you know who
might be useful for your employer?
• Sector what currency does your
reputation have within your sector?
All of this was important long before the
Internet. The corridors of power in every
civilisation in the world have functioned this
way for millennia, and the business community
is no different. This is, however, the time we
can quantify online which is why it
will play a bigger role in hiring decisions in the
future.
What does this mean for a future workforce?
Personal employee branding will become a key
part of companies social media efforts, which
means digital could count towards
whether someone is offered a new job.
Future of Talent: Trends 8
5.The future of work?
Much like the debate around the future of
personal privacy and whether we have already
given too much of ourselves to the Internet,
work / life balance is now under threat like Deer
during hunting season in Michigan.
Molly Flatt, a social media consultant and editor
for The Memo, wrote a great article on Medium
about the issue of too much digital connectivity.
She wonders whether we can true balance
again, asking if throwing her hardware away is
the right solution?
“That would be an escape, not an answer. I don’t
want to be a dinosaur, but nor do I want to be a
drone.
I still believe that social technologies can be
an incredible force for good, not to mention
fun. But I also think it’s time we started looking
seriously, and publicly, at the unsustainable
assumptions that underpin them, and the toll
they take on our identities and our world.”
Molly is not alone.
The need for personal and professional digital
branding means the lines blur between the two.
People buy into people, not products or services,
so we need to sell a little - or a lot - of ourselves
to survive and thrive in our careers. As a result
the lines between online, personal and
professional blur further: life mirrors digital and
digital mirrors life.
What does this mean for a future workforce?
There’s no escaping the ubiquitousness of
digital platforms within our lives, but that
doesn’t mean everyone wants to be connected
all of the time. Laws might need to evolve to
protect those who don’t want to participate
so that future employees aren’t excluded
from job opportunities due to personal digital
preferences.
How to navigate the future of work / life
balance v work - life integration
Future of Talent: Trends 9
Sponsored by
Want to discover more about the Future of Work?
Share ideas and learn from some of the world's leading experts in HR and
recruitment. Attend an Unconference near you: www.globalhru.com
REGISTER NOW
6. Key Takeaways for
the Future Workforce
• In 2100, the global population will be between 9.6 and 12.3 billion
people.
• Some o
poses a threat to humanity: is this the one line in the sand we must
draw with technology?
• Digital technology and social media platforms will reach universal,
global levels of saturation, with corresponding impacts on our
personal and professional lives; for some this, means a further
breaking down of the barriers between the two.
• e scores could be a factor in future recruitment
decisions although laws may be needed to ensure those who retreat
away from an over-saturation of technology aren’t excluded from the
jobs market.
• In many knowledge economy roles, including HR & recruitment, the
impact of big data means the input of professionals will shift to the
higher end of the value scale.
Sponsored by
Future of Talent: Trends 10
Want to discover more about the Future of Work?
Share ideas and learn from some of the world's leading experts in HR and
recruitment. Attend an Unconference near you: www.globalhru.com
REGISTER NOW

Contenu connexe

Tendances

The Future of Marketing - Jon Wuebben
The Future of Marketing - Jon WuebbenThe Future of Marketing - Jon Wuebben
The Future of Marketing - Jon WuebbenJon Wuebben
 
How Mining Companies Are Using AI, Machine Learning And Robots To Get Ready...
How Mining Companies Are Using  AI, Machine Learning And Robots  To Get Ready...How Mining Companies Are Using  AI, Machine Learning And Robots  To Get Ready...
How Mining Companies Are Using AI, Machine Learning And Robots To Get Ready...Bernard Marr
 
The Tools of Industry 4.0
The Tools of Industry 4.0The Tools of Industry 4.0
The Tools of Industry 4.0Osama Shahumi
 
How can artificial intelligence be used in e learning
How can artificial intelligence be used in e learning How can artificial intelligence be used in e learning
How can artificial intelligence be used in e learning GlobalTechCouncil
 
The 5 Biggest Data Science Trends In 2022
The 5 Biggest Data Science Trends In 2022The 5 Biggest Data Science Trends In 2022
The 5 Biggest Data Science Trends In 2022Bernard Marr
 
Society and Education in the World of 2040
Society and Education in the World of 2040Society and Education in the World of 2040
Society and Education in the World of 2040Ben Kahn
 
Comm tech final
Comm tech finalComm tech final
Comm tech finalrlmorr09
 
Technology of 2022
Technology of 2022Technology of 2022
Technology of 2022Bryan Lesch
 
The Top 10 Tech Trends In 2022 Everyone Must Be Ready For Now
The Top 10 Tech Trends In 2022 Everyone Must Be Ready For NowThe Top 10 Tech Trends In 2022 Everyone Must Be Ready For Now
The Top 10 Tech Trends In 2022 Everyone Must Be Ready For NowBernard Marr
 
The Top 5 Consumer Technology Trends From CES 2021
The Top 5 Consumer Technology Trends From CES 2021The Top 5 Consumer Technology Trends From CES 2021
The Top 5 Consumer Technology Trends From CES 2021Bernard Marr
 
The Amazing Ways Chinese Face Recognition Company Megvii (Face++) Uses Artifi...
The Amazing Ways Chinese Face Recognition Company Megvii (Face++) Uses Artifi...The Amazing Ways Chinese Face Recognition Company Megvii (Face++) Uses Artifi...
The Amazing Ways Chinese Face Recognition Company Megvii (Face++) Uses Artifi...Bernard Marr
 
The 5 Biggest Mistakes Companies Make With Chatbots
The 5 Biggest Mistakes Companies Make With ChatbotsThe 5 Biggest Mistakes Companies Make With Chatbots
The 5 Biggest Mistakes Companies Make With ChatbotsBernard Marr
 
8 Job Skills To Succeed In A Post-Coronavirus World
8 Job Skills To Succeed In A Post-Coronavirus World 8 Job Skills To Succeed In A Post-Coronavirus World
8 Job Skills To Succeed In A Post-Coronavirus World Bernard Marr
 
These 25 Technology Trends Will Define The Next Decade
These 25 Technology Trends Will Define The Next Decade These 25 Technology Trends Will Define The Next Decade
These 25 Technology Trends Will Define The Next Decade Bernard Marr
 
Smart Retail: The Power of Technology (English version)
Smart Retail: The Power of Technology (English version)Smart Retail: The Power of Technology (English version)
Smart Retail: The Power of Technology (English version)Ivan Rodriguez Lopez
 
Emerging Technologies- Making Great Things Possible
Emerging Technologies- Making Great Things PossibleEmerging Technologies- Making Great Things Possible
Emerging Technologies- Making Great Things PossibleCSM Technologies
 
[Challenge:Future] Tales from 2022: chronicles from two futurists Are you rea...
[Challenge:Future] Tales from 2022: chronicles from two futurists Are you rea...[Challenge:Future] Tales from 2022: chronicles from two futurists Are you rea...
[Challenge:Future] Tales from 2022: chronicles from two futurists Are you rea...Challenge:Future
 
9 Future Predictions For A Post-Coronavirus World
9 Future Predictions For A Post-Coronavirus World9 Future Predictions For A Post-Coronavirus World
9 Future Predictions For A Post-Coronavirus WorldBernard Marr
 

Tendances (20)

The cycle of data
The cycle of dataThe cycle of data
The cycle of data
 
The Future of Marketing - Jon Wuebben
The Future of Marketing - Jon WuebbenThe Future of Marketing - Jon Wuebben
The Future of Marketing - Jon Wuebben
 
How Mining Companies Are Using AI, Machine Learning And Robots To Get Ready...
How Mining Companies Are Using  AI, Machine Learning And Robots  To Get Ready...How Mining Companies Are Using  AI, Machine Learning And Robots  To Get Ready...
How Mining Companies Are Using AI, Machine Learning And Robots To Get Ready...
 
The Tools of Industry 4.0
The Tools of Industry 4.0The Tools of Industry 4.0
The Tools of Industry 4.0
 
How can artificial intelligence be used in e learning
How can artificial intelligence be used in e learning How can artificial intelligence be used in e learning
How can artificial intelligence be used in e learning
 
The 5 Biggest Data Science Trends In 2022
The 5 Biggest Data Science Trends In 2022The 5 Biggest Data Science Trends In 2022
The 5 Biggest Data Science Trends In 2022
 
Society and Education in the World of 2040
Society and Education in the World of 2040Society and Education in the World of 2040
Society and Education in the World of 2040
 
Comm tech final
Comm tech finalComm tech final
Comm tech final
 
Technology of 2022
Technology of 2022Technology of 2022
Technology of 2022
 
The Top 10 Tech Trends In 2022 Everyone Must Be Ready For Now
The Top 10 Tech Trends In 2022 Everyone Must Be Ready For NowThe Top 10 Tech Trends In 2022 Everyone Must Be Ready For Now
The Top 10 Tech Trends In 2022 Everyone Must Be Ready For Now
 
The Top 5 Consumer Technology Trends From CES 2021
The Top 5 Consumer Technology Trends From CES 2021The Top 5 Consumer Technology Trends From CES 2021
The Top 5 Consumer Technology Trends From CES 2021
 
The Amazing Ways Chinese Face Recognition Company Megvii (Face++) Uses Artifi...
The Amazing Ways Chinese Face Recognition Company Megvii (Face++) Uses Artifi...The Amazing Ways Chinese Face Recognition Company Megvii (Face++) Uses Artifi...
The Amazing Ways Chinese Face Recognition Company Megvii (Face++) Uses Artifi...
 
The 5 Biggest Mistakes Companies Make With Chatbots
The 5 Biggest Mistakes Companies Make With ChatbotsThe 5 Biggest Mistakes Companies Make With Chatbots
The 5 Biggest Mistakes Companies Make With Chatbots
 
8 Job Skills To Succeed In A Post-Coronavirus World
8 Job Skills To Succeed In A Post-Coronavirus World 8 Job Skills To Succeed In A Post-Coronavirus World
8 Job Skills To Succeed In A Post-Coronavirus World
 
These 25 Technology Trends Will Define The Next Decade
These 25 Technology Trends Will Define The Next Decade These 25 Technology Trends Will Define The Next Decade
These 25 Technology Trends Will Define The Next Decade
 
Technology in 2022
Technology in 2022Technology in 2022
Technology in 2022
 
Smart Retail: The Power of Technology (English version)
Smart Retail: The Power of Technology (English version)Smart Retail: The Power of Technology (English version)
Smart Retail: The Power of Technology (English version)
 
Emerging Technologies- Making Great Things Possible
Emerging Technologies- Making Great Things PossibleEmerging Technologies- Making Great Things Possible
Emerging Technologies- Making Great Things Possible
 
[Challenge:Future] Tales from 2022: chronicles from two futurists Are you rea...
[Challenge:Future] Tales from 2022: chronicles from two futurists Are you rea...[Challenge:Future] Tales from 2022: chronicles from two futurists Are you rea...
[Challenge:Future] Tales from 2022: chronicles from two futurists Are you rea...
 
9 Future Predictions For A Post-Coronavirus World
9 Future Predictions For A Post-Coronavirus World9 Future Predictions For A Post-Coronavirus World
9 Future Predictions For A Post-Coronavirus World
 

Similaire à What Will a Future Workforce Look Like?

Отчет Augmented Humanity для 2019 года
Отчет Augmented Humanity для 2019 годаОтчет Augmented Humanity для 2019 года
Отчет Augmented Humanity для 2019 годаmResearcher
 
Pwc workforce of the future the competing forces shaping 2030
Pwc workforce of the future the competing forces shaping 2030Pwc workforce of the future the competing forces shaping 2030
Pwc workforce of the future the competing forces shaping 2030Peerasak C.
 
PwC - The most estraordinary technology for all
PwC - The most estraordinary technology for all PwC - The most estraordinary technology for all
PwC - The most estraordinary technology for all PwC Perú
 
HP Megatrends 2020 Refresh
HP Megatrends 2020 RefreshHP Megatrends 2020 Refresh
HP Megatrends 2020 RefreshAndrew Bolwell
 
You are your content - Being here, now: State of content 2017
You are your content -  Being here, now: State of content 2017You are your content -  Being here, now: State of content 2017
You are your content - Being here, now: State of content 2017Accenture Insurance
 
Ift ffor delltechnologies_human-machine_070717_readerhigh-res
Ift ffor delltechnologies_human-machine_070717_readerhigh-resIft ffor delltechnologies_human-machine_070717_readerhigh-res
Ift ffor delltechnologies_human-machine_070717_readerhigh-resRafael Villas B
 
The next era of human-machine PARTNERSHIPS - IFTF for Dell Technlogies 2017
The next era of human-machine PARTNERSHIPS - IFTF for Dell Technlogies 2017The next era of human-machine PARTNERSHIPS - IFTF for Dell Technlogies 2017
The next era of human-machine PARTNERSHIPS - IFTF for Dell Technlogies 2017Daniele Fogliarini
 
2014_Trends_Global_Engagement_v11_lr
2014_Trends_Global_Engagement_v11_lr2014_Trends_Global_Engagement_v11_lr
2014_Trends_Global_Engagement_v11_lrJessie Leisten
 
5 Reasons Our Children Are About To Miss Out On The Greatest Opportunity In T...
5 Reasons Our Children Are About To Miss Out On The Greatest Opportunity In T...5 Reasons Our Children Are About To Miss Out On The Greatest Opportunity In T...
5 Reasons Our Children Are About To Miss Out On The Greatest Opportunity In T...iBridge Hub
 
Future Trends Forum Megatrends 2022
Future Trends Forum Megatrends 2022Future Trends Forum Megatrends 2022
Future Trends Forum Megatrends 2022Alper Utku
 
The 2019 IPR Future of Work Study
The 2019 IPR Future of Work StudyThe 2019 IPR Future of Work Study
The 2019 IPR Future of Work StudyTaylorThelander
 
The 2019 IPR Future of Work Study
The 2019 IPR Future of Work StudyThe 2019 IPR Future of Work Study
The 2019 IPR Future of Work StudyTaylorThelander
 
Seizing opportunities with AI in the cognitive economy
Seizing opportunities with AI in the cognitive economySeizing opportunities with AI in the cognitive economy
Seizing opportunities with AI in the cognitive economybaghdad
 
Technology In The Workplace Essay
Technology In The Workplace EssayTechnology In The Workplace Essay
Technology In The Workplace EssayChristina Berger
 
Creating a Digital Workplace in Public Sector
Creating a Digital Workplace in Public SectorCreating a Digital Workplace in Public Sector
Creating a Digital Workplace in Public SectorJonathan Rodriguez
 

Similaire à What Will a Future Workforce Look Like? (20)

Отчет Augmented Humanity для 2019 года
Отчет Augmented Humanity для 2019 годаОтчет Augmented Humanity для 2019 года
Отчет Augmented Humanity для 2019 года
 
Isobar trends report_2019
Isobar trends report_2019Isobar trends report_2019
Isobar trends report_2019
 
Pwc workforce of the future the competing forces shaping 2030
Pwc workforce of the future the competing forces shaping 2030Pwc workforce of the future the competing forces shaping 2030
Pwc workforce of the future the competing forces shaping 2030
 
PwC - The most estraordinary technology for all
PwC - The most estraordinary technology for all PwC - The most estraordinary technology for all
PwC - The most estraordinary technology for all
 
HP Megatrends 2020 Refresh
HP Megatrends 2020 RefreshHP Megatrends 2020 Refresh
HP Megatrends 2020 Refresh
 
You are your content - Being here, now: State of content 2017
You are your content -  Being here, now: State of content 2017You are your content -  Being here, now: State of content 2017
You are your content - Being here, now: State of content 2017
 
Ift ffor delltechnologies_human-machine_070717_readerhigh-res
Ift ffor delltechnologies_human-machine_070717_readerhigh-resIft ffor delltechnologies_human-machine_070717_readerhigh-res
Ift ffor delltechnologies_human-machine_070717_readerhigh-res
 
The next era of human-machine PARTNERSHIPS - IFTF for Dell Technlogies 2017
The next era of human-machine PARTNERSHIPS - IFTF for Dell Technlogies 2017The next era of human-machine PARTNERSHIPS - IFTF for Dell Technlogies 2017
The next era of human-machine PARTNERSHIPS - IFTF for Dell Technlogies 2017
 
2014_Trends_Global_Engagement_v11_lr
2014_Trends_Global_Engagement_v11_lr2014_Trends_Global_Engagement_v11_lr
2014_Trends_Global_Engagement_v11_lr
 
5 Reasons Our Children Are About To Miss Out On The Greatest Opportunity In T...
5 Reasons Our Children Are About To Miss Out On The Greatest Opportunity In T...5 Reasons Our Children Are About To Miss Out On The Greatest Opportunity In T...
5 Reasons Our Children Are About To Miss Out On The Greatest Opportunity In T...
 
Future Trends Forum Megatrends 2022
Future Trends Forum Megatrends 2022Future Trends Forum Megatrends 2022
Future Trends Forum Megatrends 2022
 
The 2019 IPR Future of Work Study
The 2019 IPR Future of Work StudyThe 2019 IPR Future of Work Study
The 2019 IPR Future of Work Study
 
The 2019 IPR Future of Work Study
The 2019 IPR Future of Work StudyThe 2019 IPR Future of Work Study
The 2019 IPR Future of Work Study
 
Seizing opportunities with AI in the cognitive economy
Seizing opportunities with AI in the cognitive economySeizing opportunities with AI in the cognitive economy
Seizing opportunities with AI in the cognitive economy
 
Technology In The Workplace Essay
Technology In The Workplace EssayTechnology In The Workplace Essay
Technology In The Workplace Essay
 
Creating a Digital Workplace in Public Sector
Creating a Digital Workplace in Public SectorCreating a Digital Workplace in Public Sector
Creating a Digital Workplace in Public Sector
 
Embracing ICT
Embracing ICTEmbracing ICT
Embracing ICT
 
The path to 2025
The path to 2025The path to 2025
The path to 2025
 
The path to 2025
The path to 2025The path to 2025
The path to 2025
 
MIT THE FUTURE OF WORK 201616-02-Work
MIT THE FUTURE OF WORK 201616-02-WorkMIT THE FUTURE OF WORK 201616-02-Work
MIT THE FUTURE OF WORK 201616-02-Work
 

What Will a Future Workforce Look Like?

  • 1. Future of Talent: Trends 1 Sponsored by #HRU Future of Talent: Insights White Paper August 2015 What Will a Future Workforce Look Like?
  • 2. Sponsored by 1. Introduction 2. Technological Factors: 2.1. The fast pace of technological innovation 2.2. Automation is everywhere: does that threaten humanity itself 2.3. Everything is connected, virtual, intelligent and in the cloud 3. Demographic Factors: Changing dynamics of global population growth 4. Impact on HR / Recruitment 4.1. Future of Recruiting tools and technology 4.2. The Currency of 5. The future of work? How to navigate the future of work / life balance v work - life integration 6. Key Takeaways Contents: Future of Talent: Trends 2
  • 3. Future of Talent: Trends 23 What Will a Future Workforce Look Like? A period of prosperity and promise, one where, for the time in history, the world and vast amounts of human knowledge was suddenly accessible in the palm of our hands. Technology has been gradually changing the way we live for nearly two decades, with innovation having as much impact in on our careers as personal lives. What does the continual pace of innovation mean for the future workforce? What impact will that have on our careers in the years and decades to come? In London, on 9 March 2015, a group of progressive-minded HR and recruitment industry experts and professionals met to discuss the future of the workforce at the #HRU Future of Talent Workshop. This white paper summarizes some of the key insights and concerns raised, and what that means for recruiters and HR professional around the world, now and in the future. Introduction about an unprecedented period of innovation. A digital revolution, one which changed billions of lives. Want to discover more about the Future of Work? Share ideas and learn from some of the world's leading experts in HR and recruitment. Attend an Unconference near you: www.globalhru.com REGISTER NOW Sponsored by
  • 4. 2. Technological Factors Despite the seemingly ubiquitous nature of Facebook, Twitter, Google and YouTube, Snapchat and WhatsApp, digital adoption is far from universal. Even in developed countries, there is still tens of millions of consumers and businesses with limited or no access to digital services. Achieving a near universal level of digital inclusion is still a challenge for governments, with from the UK estimating that 21% of the population lack basic digital skills. Research by Lloyds Bank, a large UK high street bank, has found that 23% of SME’s and 58% of charities are in a similar position. With internet.org, led by Facebook CEO Mark Zuckerberg, as well as other government and NGO-supported projects around the world, the aim is to connect the other two out of three people worldwide without Internet access. Depending on economic development and the pace of innovation, this dream could be achieved within a century. What does this mean for a future workforce? Digital connectivity will be ubiquitous, regardless of a countries level of economic development, which will widen the talent pool for outsourced operations. 2.1.The fast pace of technological innovation What could happen if Ar Intelligence (AI) started to think for itself? What would happen if our creations turned on the human race? Frankensteins monster with a big data brain and the strength of Wolverine. With popular movies such as Ex Machina, I, Robot, RoboCop, Bicentennial Man and dozens of others painting various outcomes for a world where human and AI attempt to co-exist. Sometimes successfully, other times, not so much. Some of the minds of our generation, including Bill Gates, Steve Wozniak, Elon Musk and Stephen Hawking have all warned of the dangers. Stanford University has conducted a 100 year study, concluding that “we could one day lose control of AI systems via the rise of superintelligences that do not act in accordance with human wishes – and that such powerful systems would threaten humanity.” What does this mean for a future workforce? With AI and big data playing more of a role in production and services, the “human element” will shift to the higher end of the value chain, especially for knowledge economy workers. 2.2.Automation is everywhere: does that threaten humanity itself? Sponsored by Future of Talent: Trends 4
  • 5. 2.Technological Factors Continued Relatively speaking, this is still early days for a hyperconnected, fully digital world. It could easily take a century to achieve universal digital adoption, providing a hostile race of Intelligences don’t destroy humanity in the meantime. At this point, we seem to have more questions than answers. But these are questions worth asking: • Should we expect a backlash against too much connectivity? • Could greater transparency reduce crime? • Is there a risk we could automate too much of our lives and work? What does this mean for a future workforce? Whether to hire someone used to be based on gut decisions, how well a recruiter / HR professional got along with a candidate. The problem with this approach is it means basing one of the most important - and for most businesses - most expensive decisions on a feeling. One human to another. These days, this is how • Pre-employment assessments help companies understand candidates actual competencies: what they can do, rather than what they claim they can do. • With social media sentiment analysis,you can track when potential candidates (both active and the passively active) are looking for new jobs, then send them targeted social media campaigns. • Employers can from performance tracking software, which allows them to gain an understanding of an employee’s success rate in their last role, where applicable. However, data can go too far. One company in California is being sued by a former employer after they her for disabling an app on her phone that was tracking her every move outside hours. The law has to draw lines in the sand when employers and technology invade personal privacy, but there’s still more data employers would gain value from when it comes to new hires and staff performance. 2.3. Everything is connected, virtual, intelligent and in the cloud Want to discover more about the Future of Work? Share ideas and learn from some of the world's leading experts in HR and recruitment. Attend an Unconference near you: www.globalhru.com REGISTER NOW Sponsored by Future of Talent: Trends 5
  • 6. Future of Talent: Trends 6 3. Demographic Factors There was a consensus that the world’s population would hit 9 billion in 20 years, then start to decline. Research published in 2014, led by Professor Adrian Raftery at the University of Washington, has overturned that consensus. Academics, governments and the UN are now 80% certain that as of 2100 the global population will be between 9.6 and 12.3 billion people. The chance of an expected population peak, followed by a decline is almost non-existent, with a 70% chance of continued rising after 2100. What does this mean for a future workforce? Ageing populations in Western Europe, North America, Australasia and Japan could result in a global population shift, necessary to support continued innovation in the more mature developed economies. How companies and governments share resources and deal with immigration will become a key issue for inter- regional relations, which in turn could impact the workforce of the future. Changing dynamics of global population growth Academics, governments and the UN are now 80% certain that as of 2100 the global population will be between 9.6 and 12.3 billion people Sponsored by
  • 7. 4. Impact on HR / Recruitment Resumes and human intuition - that gut feeling when you meet someone (which according to science happens in the blink of an eye, literally) are being phased out in favour of data- backed recruitment solutions. HR and recruitment will become a value- added skill, much like accounting. According to Software Advice research, as of 2022 there will be a 22% and 8% growth in HR Manager roles HR specialist roles, respectively. Software isn’t eating recruitment: software is making recruitment professionals more valuable at all levels of the corporate world. According to the report: • HR job titles are a more business- focused HR department. • Professional in Human Resources (PHR) and Senior Professional in Human Resources (SPHR) are the most desired • Annual compensation for HR jobs is $60,000— well above the national average in the US. What does this mean for a future workforce? Along with other knowledge economy roles, HR and recruitment professionals will spend more time on higher value tasks and less time pushing paper. Analysis and interpretation of big data inputs, aligned with business objectives, will become core job requirements during the next decade. 4.1. Future of Recruiting tools and technology Software isn’t eating recruitment: software is making recruitment professionals more valuable Want to discover more about the Future of Work? Share ideas and learn from some of the world's leading experts in HR and recruitment. Attend an Unconference near you: www.globalhru.com REGISTER NOW Sponsored by Future of Talent: Trends 7
  • 8. Sponsored by 4. Impact on HR / Recruitment Continued Ever since the recession there’s been a greater burden on employees to act like entrepreneurs. Steady progression can no longer be relied on. LinkedIn Co-founder & Chairman, Reid Hoffman co-authored The Start-Up of You to help people navigate the evolving rules of employment. Personal and professional branding has never been more important, especially for professionals, executives and knowledge economy workers. With the demise of long-term careers (many now stay with companies for only 4.4 years), reputations and professional victories should be displayed for the outside world, wherever applicable. Alongside the value of professional branding, - which is also something we can cultivate ourselves (with blogs,Twitter, Medium, LinkedIn) - will become a more important factor in hiring decisions. This could include: • Network value: including reach and Klout scores. connections: who do you know who might be useful for your employer? • Sector what currency does your reputation have within your sector? All of this was important long before the Internet. The corridors of power in every civilisation in the world have functioned this way for millennia, and the business community is no different. This is, however, the time we can quantify online which is why it will play a bigger role in hiring decisions in the future. What does this mean for a future workforce? Personal employee branding will become a key part of companies social media efforts, which means digital could count towards whether someone is offered a new job. Future of Talent: Trends 8
  • 9. 5.The future of work? Much like the debate around the future of personal privacy and whether we have already given too much of ourselves to the Internet, work / life balance is now under threat like Deer during hunting season in Michigan. Molly Flatt, a social media consultant and editor for The Memo, wrote a great article on Medium about the issue of too much digital connectivity. She wonders whether we can true balance again, asking if throwing her hardware away is the right solution? “That would be an escape, not an answer. I don’t want to be a dinosaur, but nor do I want to be a drone. I still believe that social technologies can be an incredible force for good, not to mention fun. But I also think it’s time we started looking seriously, and publicly, at the unsustainable assumptions that underpin them, and the toll they take on our identities and our world.” Molly is not alone. The need for personal and professional digital branding means the lines blur between the two. People buy into people, not products or services, so we need to sell a little - or a lot - of ourselves to survive and thrive in our careers. As a result the lines between online, personal and professional blur further: life mirrors digital and digital mirrors life. What does this mean for a future workforce? There’s no escaping the ubiquitousness of digital platforms within our lives, but that doesn’t mean everyone wants to be connected all of the time. Laws might need to evolve to protect those who don’t want to participate so that future employees aren’t excluded from job opportunities due to personal digital preferences. How to navigate the future of work / life balance v work - life integration Future of Talent: Trends 9 Sponsored by Want to discover more about the Future of Work? Share ideas and learn from some of the world's leading experts in HR and recruitment. Attend an Unconference near you: www.globalhru.com REGISTER NOW
  • 10. 6. Key Takeaways for the Future Workforce • In 2100, the global population will be between 9.6 and 12.3 billion people. • Some o poses a threat to humanity: is this the one line in the sand we must draw with technology? • Digital technology and social media platforms will reach universal, global levels of saturation, with corresponding impacts on our personal and professional lives; for some this, means a further breaking down of the barriers between the two. • e scores could be a factor in future recruitment decisions although laws may be needed to ensure those who retreat away from an over-saturation of technology aren’t excluded from the jobs market. • In many knowledge economy roles, including HR & recruitment, the impact of big data means the input of professionals will shift to the higher end of the value scale. Sponsored by Future of Talent: Trends 10 Want to discover more about the Future of Work? Share ideas and learn from some of the world's leading experts in HR and recruitment. Attend an Unconference near you: www.globalhru.com REGISTER NOW