ADSERT WEB SOLUTIONS PVT. The pervasive use of AI and ML in business is revolutionizing professions such as legal, accounting, healthcare and education by democratizing access to data and expert services. Guest Column: Priyanka Agrawal, Co-founder, COO and Chief Strategy Officer, Fractal Ink Design Studio – Linked by Isobar, highlights how businesses have adapted to the new ways of working. Everything we know about the future of work is being shaped by five trends: globalization, technology, changing demographics, new behaviors, and mobility. Marshall McLuhan had a point when he said that: “We look at the present through a rearview mirror. You may opt-out by. All Rights Reserved, This is a BETA experience. Unfortunately, whilst the most attractive professions will offer a level of transparency and trust to their employees in exchange for critical skills and high levels of emotional intelligence, the gap between high value ‘thought-based’ professions and those that do not require specific skills will increase. FUTURE TV Each year, big TV makers display the dazzling technology that could eventually come to your home TV set, though generally not soon. The level of public outrage around this issue is not going to decrease over the next year. From tech to talent, businesses are going through an intense period of change, but is enough being done to build strong workplace cultures? The year 2020 has started poorly with the COVID-19 pandemic threatening, not just our health, but the global economy. Learn how leading companies use knowledge, intuition and empathy to build inclusive prosperity and bright futures in the future of work. Especially popular in creative industries, salary transparency is gaining traction amongst an increasingly empowered and informed workforce, so much so that LinkedIn named pay transparency one of its top four trends in the Global Talent Trends 2019. For businesses that don't see any significant downsides from this arrangement, this can become a part of their DNA. And in some cases, COVID-19 has forced the pendulum of a long-observed pattern to one extreme. To make it easier for you to follow future HR developments, here are some current human resources trends. A workforce that does not need to come to an office every day. 39 (Nov, 2019). 5 Technology Trends identified for 2020. 5 hours ago, 23 actionable strategies to engage and grow your Facebook group in 2021 In addition to the yearly crop of ever-bigger, brighter and sharper TVs, LG Display will show off a "smart bed" that includes a 55-inch transparent TV that rises from the bed frame. Companies need to hire and now they're doing it virtually. Retrieved from CNBC. Micromanaging and over-monitoring of employees in this time and era would be counter-productive and disastrous. 23 hours ago, Hemant Malik, Prasoon Joshi, CVL Srinivas lead Impact Digital Power 100 Marketing List Referring to a way of working that is fundamentally different from traditional paradigms (clock in at 9, out at five, sick days negotiable), the ‘future’ of work is already here and significantly changing how people think about jobs and about how their time is valued. While this trend is harder to measure, I expect a slow and steady shift towards project-based organizational structures. Fully remote and hybrid remote job roles can be hired from anywhere in the world, which opens up enormous possibilities for companies to hire effectively and even more cost-efficiently. 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Determining how the workplace will be reconfigured due to COVID-19 is a daunting task. (Oct, 2019). In 2020 and beyond, the intense scrutiny that businesses are facing will certainly lead us to a more positive and productive future of work. Opinions expressed by Forbes Contributors are their own. Treating workers fairly at every level of employment has been an incredibly hot topic this year, and the largest, seemingly untouchable enterprises have begun to show cracks in their slick, shiny armor. Cut-throat business practices are becoming less and less acceptable under the vigilant eye of social media, and this can only be a good thing for workers of all descriptions. Establishing a healthy work culture will have to be reimagined in today's times where most interactions are happening via a screen. 38 Liu, J. Courtney Seiter on Future of Work Trends for 2020. While reducing paper usage is certainly part of that ( the average office worker prints more than 10,000 pages a year ), minimizing the need for physical delivery of documents as well as in-person meetings can also be impactful. More prosperous regions don’t have such a high proportion of workers in these kinds of roles, and so this could well lead to more of a ‘them and us’ mindset if not properly addressed. This trend will continue throughout 2020 and beyond, as employees look for a more flexible, accountable, and trustworthy relationship with employers. The focus will be mainly on outcome-driven performance rather than logging the number of hours. This research is part of the Gartner Special Report “The Future of Work and Talent: Culture, Diversity, Technology.” Gartner offers insights into the large-scale shifts in the workplace due to COVID-19. ‘Skill shift: automation and the future of the workforce’. Facebook. 9 Fleming, M. (Mar, 2020). Talent is being unlocked in a new way. Decoding the ‘Mutation of Marketing DNA’: e4m Conclave on January 18 It is useful, however, to look at how far we’ve come in terms of employment and workers’ rights, and how far we still need to go to create the ‘future of work’ that many envisage. 1 hour ago, Hindustan launches COVID-19 awareness video ‘Hindustan Surakshachalisa’ Retrieved from Forbes. 9 Trends Impacting the Future of Work. As robotics, AI, the gig economy and crowds grow, jobs are being reinvented, creating the “augmented workforce.” We must reconsider how jobs are designed and work to adapt and learn for future growth. 1 hour ago, Fell victim to phishing attack, never actually received offer from Harvard: Nidhi Razdan The workplace in 2020 will be, globally, less centralized, extremely mobile and more flexible. ‘AI is changing work – and leaders need to adapt’. We saw, experts and leaders, addressing this issue on open forums and normalising it. On the other hand, we are seeing a greater focus on equal rights for all employees, flexible and considerate schedules and company structures, and a far greater emphasis on accountability around poor working conditions. 2 The Future of Work: Accelerating Innovation with Monitors to Drive Business Outcomes 2019 Future of Work Trends Scorecard In 2019, IDC, in partnership with Dell, identified six Future of Work trends and their impact on the monitor market, with a focus on evolving technologies, demographics shifts, and new talent management practices. Future of work trends: Why culture must be a priority in the post-COVID world . VLCC Femina Miss India 2020 signs Chicnutrix as beauty vitamins partner - virtual edition IW Staff. 9 hours ago, Truth is a scarce commodity these days: Vir Sanghvi The future of work is already here, and the way we work and interact with companies is changing ever ... [+] faster as we move into 2020. 7 Trends for the Future of Work to 2020 August 6th, 2013 . Sara Barker. Also, women just won back 2-3 years of work life. 5 hours ago, marketing This disparity will be most starkly felt in areas that have a huge amount of process-driven jobs that can be easily automated, such as factory work and clothes production, and we will begin to see the adverse effects of AI and automation as more jobs are taken up by robots in these areas. Focusing on specific projects encourages a more concentrated effort from project members to complete a distinct goal, and have a greater effort/reward ratio than the status of a role and department ever could. Web-based work management and project management software company, Workfront, recently published the “Work in the Modern Enterprise” report. Below are 13* dynamics to pay attention to in the next 12 months. Do so and you’ll have perfect vision about where to … Download Mercer’s 2020 Global Talent Trends Study today. Future of Work Disruption lies ahead. In fact, large enterprises will most likely face more backlash for not solving these troubling issues. Global business trends of 2020 include bridging the skills gap, data management, technology upgrades, and more. The coronavirus pandemic has resulted in an unprecedented change of pace in the professional workplace. 1 day ago, Zee Kannada to launch Dance Karnataka Dance to showcase best dancing talent HRD Thought Leader Terence Mauri argues for the importance of culture in ensuring business and employee success in the time ahead. Another trend, perhaps less radical than pay transparency, is that of companies forgoing traditional roles and departments—and all the territorialism that goes with them—to focus on purpose-built projects that thrive without the need for departments. Leaders realised how important it is to take care of the mental health of the employees, and a new trend of having accessible mental health experts on the team emerged. This is because the same workforce that rightly expects equality, honesty, and respect from their employers, also has no patience with the ‘because I said so’ rhetoric that comes with fixed departments and arbitrary role definitions. By John P. Desmond, AI Trends Editor . Artificial intelligence, automation, and robotics will make this shift as significant as the mechanization in prior generations of agriculture and manufacturing. Leo Burnett wins creative mandate for Vega … 2020 Premium Service. Indeed, with so many positives, there are bound to be some negatives as well. By clicking Sign Up, I agree to the Terms of Use and Privacy Policy. 2 hours ago, AIM seeks GST exemption, greater share in gov ad spends ahead of Budget 2021 11 Bughin, J. et al. 1 day ago, marketing This led me to develop a management structure that promotes our human skills, in order to help us take full advantage of AI and the future of tech, and to ensure that businesses are prepared for radical change. 2 days ago, Uday Shankar teams up with Lupa Systems' James Murdoch for tech & media venture This is a moment when leaders can take a step back and think of learning about their employees' values, interests, strengths and motivations. He first noticed the shift in 2008, when Bill Gates introduced the idea of “creative capitalism” at Davos. Follow me on Twitter @ctowersclark and send your suggestions on what I should write next to content@weirdceo.com, © 2021 Forbes Media LLC. The figure is expected to rise in the future, reaching 43% of … 08 May 2020. Future of work: Trends from 2020 that are here to stay. 2 hours ago, Kia drops 'Motors' from name, announces new brand purpose & slogan Automation of routine work with artificial intelligence (AI), digital dexterity, and hybrid work with distributed workforce will be three key trends impacting the future of work, according to Gartner. Under the omnipresent gaze of social media, the most transparent companies will continue to attract the best talent (and the least trustworthy will lose the best talent), and we will also see a small number of companies allowing employees to choose their own salaries—primarily as a means of giving more responsibility to employees. On one hand, we will start to see the adverse effects of AI and automation in areas that have a large amount of process-driven jobs, and a larger separation between those working to survive and those in thought-based roles. 1 hour ago, WhatsApp's new privacy policy challenged in Delhi HC But HR and managers have found it more comfortable than expected to maintain and manage output-driven productivity matrix. Follow me on Twitter or LinkedIn . Share: LinkedIn. Gartner updates 2020 future of work trends for post-pandemic world. We live in an era of persistent creativity and innovations but, in 2020, when juggling everyday work, it can be exhausting trying to keep up with HR developments and future trends in HR. Businesses are considering options such as "cohorts" of workers who work together in self-contained groups to come together on a need-to-meet basis. The world of work is changing. Kia drops 'Motors' from name, announces new brand purpose & slogan Conducted in partnership with Regina Corso Consulting, the report aimed to get a better understanding of how C-level executives feel about the current and future state of the modern workplace. Here are twelve leading trends that we see meaningful movement in when it comes to developing and improving the employee experience: Employee experience will see more concerted leadership attention and increased levels of investment in 2020. They can rest better, spend quality time with family and take care of their health. 1 hour ago, Govt examining WhatsApp's privacy policy update: Reports 1 day ago. Led by technology, this is going to get faster, so fasten your seatbelts. If you’re wondering what’s ahead for the future of work, read on. Seventy percent of workers telecommute at least once per week, while 53 percent of employees work in the office at most half the week, according to a recent study from IWG.Even more fascinating, a Citrix study estimates that 50 percent of the workforce will be completely remote by the end of 2020. LTD. B-20, SECTOR 57 NOIDA (U.P), 25000+ Industry Leaders already read it everyday. Companies will have to empower people to take decisions. Fourteen Trends in the Future of Work. I write about digital transformation, AI, self-management & data in the digital age, EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Start Monkeying Around: Innovation And The Role Of Behavior Versus Investment, Turning Today’s Challenges Into Tomorrow’s Opportunities: Predictions For 2021 And Beyond, Qualcomm Jumps Back Into Custom Arm CPUs With Nuvia Acquisition, CES 2021: AMD Partners For Gaming Notebooks And Beyond, Startup Opportunities In AI – The Unbundling Of Search, Business Contracts Remain Complex, And Artificial Intelligence Can Improve Contract Management, Women In Longevity Medicine: Dr. Dina Radenkovic. In fact, large enterprises will most likely face more backlash for not solving these troubling issues be reconfigured to... Office every day gap, data management, technology upgrades, and robotics will make this shift as as! 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