Insight Magazine The Future of Work | Page 15

that will ay we work divided into four key areas, that will shape the coming decade. nology ution Clustering Automation Inclusivity rial Revolution is n. The Internet of re of our world into ry, to inventory, and elves. By 2020, up s worldwide will be ted. That data can be l intelligence (AI) and ich will uncover new ncy and create new sonalisation. Already, g from personalised mers to personalised r employees. Companies within sectors often cluster in the same location to access talent, be close to suppliers and gain other advantages. Over the next decade, rapid development of new clusters could accelerate the pace of technological adoption but might also unevenly spread the effects of digitalisation. As this new technology sweeps in, many of our skills will become obsolete. Robot process automation (RPA) will see automation take over many tasks, while ‘cobots’ will work alongside humans to help them. Meanwhile, ‘globotics’ – a combination of RPA and a growth in remote workers – is expected to have a major impact on white-collar and service workers. However, out of this creative disruption will come entirely new jobs, from interactive chatbot designers to automation ethicists and more. A recent study found that organizations in the top 25% for gender diversity outperform their competitors by 15%, while those in the top 25% for ethnic diversity outperform the competition by 35%. The 2020s are likely to be a decade in which businesses seek to diversify their workforce and benefit from a broader range of viewpoints, approaches and abilities. ology Companies Workforce ogy will be the fifth connectivity or 5G. of more data, more and devices without rnet access will be ire factories will be lowing AI to optimise each machine and cars and even entire d, able to share data ore efficiently. A Shift to Smaller Firms While larger companies can benefit from economies of scale, digital technology and cloud computing services make it easier than ever for a small company to access cutting edge capabilities and compete. Add to that the fact that smaller companies can be more agile, and the competitive landscape could be reshaped in the coming decade. Reskilling and Upskilling These emerging roles will require new skills, so companies will invest in upskilling and reskilling their workers. A culture of lifelong learning will be vital as the pace of change accelerates and employers will need to place greater significance on ‘soft skills’, such as resilience and adaptability, which will be better indicators of success than job experience. Reverse Mentorship Skills exchange in the workplace will increasingly be two-way. Older employees will find themselves learning more from their younger counterparts – a kind of ‘reverse mentoring’ that will be vital as technology advances. For instance, The Adecco Group, through its ‘Global CEO for One Month’ programme, makes it possible for young people to spend a month working alongside our CEO Alain Dehaze. Page I 15