The future of work has altered how businesses operate on a day-to-day basis, as well on a grand scale. Now, competition for talent is growing, technology integration is revving up and the gig economy is becoming mainstream.
Hanover Research has discovered how industry leaders are addressing these changes in the workforce over the next decade.
While several companies see technology as a way to boost productivity and efficiency, some may view it as disrupting their nature of work. Although tech could eliminate around 14% of today’s jobs, it has the possibility of creating new jobs.
This relies on how companies create collaborations between humans and technology, keeping in mind how it can improve efficiency, provide us with insights to ask better questions and whether it creates an engaging workplace experience.
Additionally, the research found that 19% of organizations in the U.S. are facing a skills gap, so companies need to continue prioritizing reskilling their existing workforce. This includes rethinking the approach to learning as automation takes over routine tasks.
Chief human resource officers (CHRO) will play a huge role in the way companies address these changes. In the context of the future of work, HR leaders should find opportunities for improvements by utilizing machine learning that correlates to the bottom line.
With this, understanding how the gig economy is officially a mainstream part of the workforce can help companies better support all of their workers. Offering every employee the right combination of flexibility, stability and respect will help businesses grow in the long run.