To be prepared for the future, you have to understand it. Our workforce of the future study looks at four possible scenarios for the future world of work.
Read the full article at: www.pwc.com
Workforce of the future – Part 2
A couple of weeks ago, I posted a blog about this PwC article. And I’m still thinking about it. 2030 may seem like a long way off, but the people at PwC have been researching and thinking about it since 2007. It took ten years for them to publish what they learned and to project what they believe the workforce of 2030 will look like.
Of course, this is projection, stuff of crystal balls, but it is based on a highly informed understanding of today’s world. The authors identify five current megatrends they believe are most likely to impact the future:
- Technological breakthroughs
- Demographic shifts
- Rapid urbanisation
- Shifts in global economic power
- Resource scarcity and climate change
Anyone who reads a newspaper or watches the news knows these things are happening today. Even if the PwC projections are off – it will take some 13 years to know, so I’m not taking any bets – it seems worth our time to listen. The trends of today are the seeds of the future. Smart leaders and thoughtful, self-directed individuals know that.
So, what do they advise for leaders?
- “Act now. This isn’t about some ‘far future’ of work – change is already happening, and accelerating.
- “The future isn’t a fixed destination. Plan for a dynamic rather than a static future. You’ll need to recognise multiple and evolving scenarios.
- “Automation and Artificial Intelligence (AI) will affect every level of the business and its people. It’s too important an issue to leave to IT (or HR) alone. A depth of understanding and keen insight into the changing technology landscape is a must.
- “Organisations can’t protect jobs which are made redundant by technology – but they do have a responsibility to their people. Protect people not jobs.”
To individuals they say:
- Understand the big picture: Pay attention and expect the unexpected.
- Plan for an automated world: Find the gaps and get your skills in order.
- Take action: Adapt to survive and jump on a passing ship.
That’s doesn’t even resemble the career advice I got from my father, a man who worked for the same company for 48 years. But times have changed, and they continue to change. Rapidly and relentlessly. And so must we. We owe it to ourselves, our children, our business, and our employees to be as prepared as we can.
Contrary to the declaration in the old Frank Sinatra song, “Forget Domani,” tomorrow does, indeed, come.
Contact us and we can help you sort through the possibilities to determine how best to approach planning for your company’s future.