5 Trends Shaping The Future Of Work

future of work

For many businesses across the world, there’s no doubt that technology is the biggest driving factor in how their workplace of the future will be defined. While there has already been a large shift in how businesses utilise technology, others are migrating more slowly from the traditional model.

With that being said, it’s important to know the kinds of workplace trends that have become established as well as those that are developing. Having an insight into the future of work couldn’t be more important in today’s rapidly changing world. This is especially true when you consider the possibility that your competitors may already have edge over your business.

To help you stay up-to-date on today’s workplace trends as well as those that are soon to come, we’ve highlighted some essential points for you to take away. Read on to find out more about the future of work or visit our Workplace blog page and take a look at some of our other articles.

The power of AI and automation

It’s inevitable that future workplaces will embrace AI and automation to the point where they will be almost entirely self-sufficient. For businesses, this presents a huge opportunity to maximise profits and efficiency by reducing the human workforce.

The most obvious example of this can be seen in how driverless vehicle have the potential to make a huge profit for companies that catch on quickly. Without the need to have humans drive, sleep, take breaks and holidays, AI driven vehicles could work 24 hours a day, 365 days a year.

However, we’re not quite there yet, but the first businesses to truly capitalise on this developing trend will see their operations expand rapidly. This is unchartered territory and has the ability to change the way we live and work in the same way the industrial revolution did.

Technology and the digital workplace transformation

While AI and automation are certainly a form of technology, they’re in a league of their own. The workplace of the future will need to embrace a wide range of technological advancements in order to keep ahead of the competition.

Real-time analytical tools are giving businesses the ability to quickly respond to changes in the market and develop new strategies at a moment’s notice. In addition to this, the internet of things, cloud platforms, robotics, and other technological advancements produce a kind of synergy that maximises efficiency and drives growth.

There’s no doubt that many companies across the world have already switched to the digital workplace and many others are currently in the transformational stage. This is an inevitability for any company that wishes to be considered a leader in its field, so ensuring your business undergoes this transformation should be made a priority.

Millennials are becoming a larger part of the workforce

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The millennials have landed and they’re here to stay. According to a study by PwC, millennials already form 25% of the workforce and are set to account for 50% by the year 2020. Clearly, this kind of shift brings an enormous amount of opportunity for businesses and creates a real need to innovate in order to meet the demands that the future of work will bring.

Thankfully, this predicted workplace trend won’t require a huge amount of effort to fulfill, as new employees will simply become available to work. The real test comes in how business will manage to transform their workplaces in order to reap the benefits that this technologically savvy generation will bring.

HR is shifting to digital

Yes, more millennial employees are going to become available to work in the future, but digital tools can make the hiring, training, and performance management processes far easier. HR software is already available and will surely improve over the coming years to the point where it will be indispensable for your company. Your HR managers should have a firm commitment in doing more than just utilising digital, they need to be working towards fulfilling a digital transformation.

Adjusting to the future of work

The future of work isn’t something that will simply come and then remain. Your company is going to have to be constantly monitoring the technological landscape in order to catch the latest developments. Unlike the days of old, technology can now be implemented quickly into your operations without much disruption.

But, as the future of work will undoubtedly become more technology focused, businesses will have to think about where employees are going to fit into all this.

If your company hasn’t started to embrace these workplace trends, then you need to begin to soon. Failing to adjust to the future of work is going to come back to bite you in the end.

Are you thinking about beginning your digital transformation? To learn how Saxons can help you utilise technology you’re missing out on, please visit the IT Solutions page. Alternatively, you can get in touch with a member of our team by contacting us now.