We at Bluespace believe the Future of Work will significantly change the global corporate landscape, and offers companies and talent new and beneficial ways of interacting. In our view, there are three major guiding pillars that will shape how firms engage with talent and vice versa, with critical implications for firms:
- People increasingly want fluidity in managing work and life, and companies need the mechanisms to accommodate these goals and preferences. This is even more critical especially as talent segments such as returning moms, parents with special needs kids, veterans looking for transition, knowledgeable near-retirees, mobile millennials, etc. increasingly become a larger untapped and concentrated talent segment.
- As business complexity increases, companies need access to a more diverse mix of talent and expertise - often in an on-demand, short-duration, or other non-traditional arrangement. And many such experts prefer to work - and thrive - as independents, providing their specialized talents to a variety of companies rather than a single employer. Traditional employment models and processes need to adapt.
- As the business ecosystem continues to become more interconnected, companies will increasingly find value moving from the transactional, binary “in-or-out” relationship with employees to a longer-term ongoing relationship, in which value flows in both directions periodically over the span of people’s careers.
US Bureaus of Labor statistics show there are tremendous pockets of untapped talent in the industry and companies that need skills including state and city governments (refer to WSJ article "Cities, States Need Top Financial Talent, but Fall Short on Pay"). These and other Future of Work trends continue to emerge at varying speeds in different industries. To better understand how companies across industry segments expect these trends to impact their business, how they are planning for this future, and what new services and models are needed to take best advantage of these changes, we are conducting this seminal cross-industry assessment jointly with Global Federation of Competitiveness Councils (GFCC) and assistance from NYU Stern School of Business.
If you are interested in participating in this effort and/or receiving the finished report, please reach out to us.