Future Success Relies on the Ability to Adapt to New Strategies

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When you think about the future of work, what comes to mind? Do you picture a room full of robots typing away at computers? (Actually, that sounds redundant when you consider the fact that computers are a form of robotics, but I digress.) Regardless of what you imagine the future of work will look like, one thing is certain: The future is here!

A few years ago, we kept hearing that Millennials would make up 75% of the workforce by 2020, and looking back, that seemed to be the most pressing concern for employers that were planning for the future of work. Little did we know that Millennials would be the least of our problems.

Now, employers must juggle the diverse needs of a multigenerational workforce—one that includes not only Millennials but also Generation Z—while trying to stay ahead of their competition, recruit and retain talent amid a growing skills gap, and learn how to embrace the constant change that is crippling industries across the nation.

If employers are looking to get (and stay) ahead, they must adapt to the constant change and be prepared to accommodate new strategies to be successful in the future. This is the main takeaway from a new Ceridian report that uncovers what the future of work looks like.

According to Ceridian’s “The 2020 Future of Work Report,” many employers are failing to embrace change and are therefore getting left behind. Instead of blaming technological advances for workplace disruption, organizations need to be effectively using these technologies to get ahead.

Stop Looking at Technology as a Disrupter

“The perceived disruption [caused by new technology], not the opportunity for transformation, is causing companies to proceed with caution instead of seizing the future by the reins,” finds the report. Not only will technology help improve your employees’ productivity, but it’ll also help attract tech-savvy workers to your company.

Additionally, when you start embracing technology, you’ll be able to start solving other issues your company may face. For instance, the growing skills gap continues to plague employers, but this issue could best be resolved by implementing technology to help train and upskill your existing workforce.

According to Ceridian’s findings, “[O]rganizations are beginning to embrace technology for greater organizational efficiency, and recognize human-machine collaboration can lead to smarter and more strategic decision-making and better performance.”

Companies that adjust their mind-sets when it comes to technology will have better success in the future of work. “Tech development is a struggle, but also an opportunity. It’s unfortunate that it’s perceived as negative because it’s also an enabler,” says Constellation Research VP and principal analyst Holger Mueller in the report. “Technology improvements and advances can fuel productivity and wealth. Rapid tech deployment is an awesome opportunity.”

Partner with Learning Institutions to Reduce the Skills Gap

As mentioned above, the growing skills gap continues to be a burden on employers that are looking to recruit new workers and retain current ones who may be falling behind in their skill sets.

One Deloitte report found that “the half-life of skill sets will decrease to five years in the future of work.” Ceridian explains this further: “Throughout a 30-year career, an individual would have to update and refresh their skills six times”! Additionally, The World Economic Forum discovered that “65% of children now entering primary school will hold jobs that currently don’t exist.” Read more here…

Source: HR Daily Advisor

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