The rapid transformation in AI and tech is significantly altering the way businesses operate, prompting leaders to anticipate future challenges and plan accordingly.
How are employees changing the way they work?
Technology has transformed the way we meet, share knowledge, access training, and plan tasks and projects. Workers are demanding more freedom and flexibility, focusing on their work-life balance. Even organizations that cannot offer remote working are focusing on the wider employee experience, as a legacy of the disruption and challenges happened after COVID crisis.
The future of the workplace is increasingly employee-centric, with hybrid working models putting staff in control.
Organizations are reevaluating their working practices to enhance employee satisfaction and productivity, build workforce resilience, structure employment and redundancy packages, and change work planning and distribution. They are also expanding temporary workers and reimagining office space to accommodate potential disruptions.
What are the biggest trends shaping the future of work?
Several key trends are already shaping the future of the workplace:
1. Hybrid working
The pandemic has led to a significant trend of hybrid working, where employees can choose between remote, office work, or a flexible mix.
Employees enjoy numerous benefits such as:
- Regaining commuting time
- Adjusting work to family life and working when most productive.
However, this shift requires organizations to maintain productivity, adapt company culture, and find new ways of working together and individually.
2. Automation
Automation has impacted nearly all occupations, altering business operations across industries. The rise of robots and AI has reduced repetitive tasks, boosting efficiency and productivity. However, workers will need to learn new skills and adapt to work alongside machines as machines adapt to take on more tasks.
3. The metaverse
Virtual reality, augmented reality, and hologram technologies are set to revolutionize work by fostering collaboration among on-site, remote, frontline, and hybrid workers, and enhancing mentoring and training.
4. Focus on employee experience
A positive employee experience is crucial for an organization’s success, and it requires an integrated process involving the workplace, IT, HR, and leaders.
Employees need a seamless digital experience with the right equipment and software to boost productivity and engagement. Businesses should use insights and data to implement valuable tools and filter out those that hinder productivity.
Effective team management involves aligning skills to tasks, reinforcing company identity and culture, and constantly adapting to the needs of the workforce. With more employee-centered workplaces, the guarantee of a positive employee experience is at the heart of an organization’s success. Delivering it needs to be an integrated process involving the workplace, IT, HR, and leaders and managers.
5. Flexibility in roles and processes
Employees are increasingly valuing flexibility in their job choices, including hybrid working, employee-defined working hours, staggered starting and leaving times, extended time off for career breaks or sabbaticals, and more paid time off options.
Business leaders must re-evaluate their organization’s tasks and processes to determine which tasks can be effectively done away from the office and which are better done in the same physical space.
6. Focus on healthcare and wellbeing
Organizations are focusing on enhancing employee health and workplace wellbeing due to the new emphasis on employee experience. They are offering flexible working options, learning and development opportunities, enhanced training, coaching, and clear promotion paths.
Socially, companies are treating remote, on-site, and frontline workers equally through strong communication, collaborative projects, shared resources, and social events.
Financial stress was the top cause of stress among workers during COVID-19 pandemic, with nearly two-thirds reporting increased stress. Physical health is being integrated into work, with senior managers encouraging healthy habits and remote workers to have a healthy home office environment.
Mental wellbeing has also been a concern, with many businesses considering enhanced mentor schemes or funded counseling. Emotional wellbeing is becoming more visible in the workplace, with the search for a healthier work-life balance making managers and employees’ lives more visible.
Business leaders of the future need to show empathy and create environments that cater to individual needs rather than focusing on teams, roles, or tasks.
7. Recruiting based on skills rather than roles
Employers are shifting from traditional role-based hierarchies to hiring and training skills that enable business expansion and career development, recognizing that people’s capabilities are more important than their jobs or titles.
8. Employee monitoring and analytics
Monitoring employee activity has become more accessible, but it can be negative, especially in hybrid working models. Leaders should listen to concerns, demonstrate the benefits of data collection, such as improved planning, logistics, and evaluation, and use positive results to reward progress.
9. Increased transparency
The pandemic has impacted leaders, managers, and employees alike, as they grapple with adapting to a drastically altered work environment. The health emergency highlighted the importance of clear and transparent communication among business leaders and managers. The lifting of restrictions may lead to potential loss of benefits unless employers continue to invest in sharing plans, focusing on rewards and benefits, and prioritizing communication.
10. More complex organizations
Organizations have adapted to survive by scaling up, fostering cross-company cooperation, increasing mergers and acquisitions, and diversifying geographically.
They have invested in new markets to manage risk. However, these complex relationships pose challenges in performance management, skill recruitment, and connecting different parts of the organization.
11. Focus on values and mission
In the future, successful organizations will prioritize their mission, balancing employee health and wellbeing with stakeholder interests and productivity. Employees desire businesses with a sense of social and corporate responsibility. Business leaders must ensure a clear purpose and reinforce behaviors that advance the mission.
The process of change is currently underway as the world has been recovering from the effects of COVID-19, it’s clear that there’s more to come. Successful employers are learning to:
- Embrace agility and flexibility.
- Prioritize people over defined roles or hierarchies.
- Engage with rapidly expanding technology landscape.
- Create new goals.
- Communicate future plans to all employees.