by: Eng. Muhammad Haleem Junejo
Trends that Will Shape Work in Future: Work that works for all (Part-1)
Since the start of Covid that has changed everything. For businesses, leaders, employees, and everyone. Work power has shifted from organizations to people, profit to mutual prosperity, and me to us. This poses an existential threat to businesses everywhere. An organization is only as good as the people it employs; those organizations that want to survive and thrive in 2022 will need to respond to the new power dynamic in kind. Look beyond financial goals to consider the needs of all their people. Treat employees as human beings, not parts of a machine. Break down silos and overcome remote working challenges to ensure people feel connected to the company’s purpose and vision and each other. Embrace the possibilities of the future and make work, work for everyone. Over the following pages, we look at how this new age of the human will play out across seven trends that currently dominate the corporate world. We believe organizations that form a robust and holistic response to these trends have an opportunity to bring about transformative growth. We know from our research that it will take relentless focus on customers and employees and that transformations are more likely to succeed when company strategy, purpose, and culture are all aligned. It is believed that for organizations bold enough to seize it, the moment to transform is now. Following are key points, Reinvention
- Reinvention: The flipside of disruption
The future will continue to be full of opportunities and challenges. Climate change. Digital acceleration. Global shortages and supply chain issues. And don’t forget the fickle customer. If you are not obsessing about their needs, you’re doomed to fail. Business models will change. We’ll explore more flexible production methods tailored to our customers’ needs. We’ll put people at the heart of everything we do but empower their productivity with technology. And we’ll reconnect to each other and the purpose of the organization. It’s exciting. Invigorating. Daunting. And we won’t succeed without continuing to change.
Six trends that will shape how organizations reinvent themselves in the future.
- Platform and Marketplace” Businesses Spread Rapidly
- Thinking fluid
- Personalizing production
- Augmenting humans with machines
- Re-imagining remote work
- Industry mash ups
- Vitality: Surviving the Big Quit
Why are they so many unfulfilled jobs? 11 million in the US alone. It’s a huge issue with some big reasons behind it. Fast economic expansion. Projects delayed due to COVID-19. But there’s also a skill mismatch. Jobs don’t match the people. The bad news is as digital innovation accelerates; this record-breaking talent gap will only widen. And it’s not just about finding the right talent. It’s about keeping the talent you have. We surveyed nearly 700 professionals, and almost a third (31%) said they were thinking of leaving their job even though they didn’t have another one lined up. That’s how confident they are in their value. It’s so widespread it’s even got a name, The Great Resignation (AKA the Big Quit). 2022 will see us get incredibly creative about how we recruit, retain, and reskill our people. And it isn’t just people that are in short supply. Material shortages and supply chain bottlenecks Materials and ways to move them are in huge demand are causing major delays and growing costs.
How organizations are tackling the supply chain challenge
The whole supply chain was about efficiency and cost, cost cost. But a jolt makes an efficient system unable to absorb it. It can’t quickly pivot. Nearly every organization would benefit from being better at scenario planning—imagining what the supply chain would need to function well under a variety of circumstances— so they tailor their processes accordingly.
- Sustainability: Time to walk the talk
Your people want to get behind a purpose, something other than profit. Customers won’t accept a lack of care for society or the environment. Investors. Partners. Customers. Employees. They’re all turning their backs on businesses that won’t commit to sustainability goals. And demand for companies to act will only grow in 2022. The partial takeover of ExxonMobil’s board by a climate activist hedge fund foreshadows the battles to come.