Workforce Trends. Today’s workforce is a blend of millennials, gen Xers, and baby boomers. They also hail from different backgrounds and industries—from the tech-savvy to those with blue-collar roots. With this type of dynamic, it’s nearly impossible to know which skills will be most useful in five years.
That being said, your career strategy must align with the future of work. To stay ahead of the game in any industry, you must constantly be learning new things and adapt to changing circumstances. To that end, let's take a look at some interesting trends happening in the world of work right now, as well as what we can expect by 2023.
Remote Work: Rise of the Digital Nomad
For many years, the idea of a “workplace” was confined to a single physical location. We all had assigned seats, offices, and meeting rooms. But as technology became more powerful, we started to see a rise in remote work. In fact, according to a study, nearly half of all employees work remotely. The study also found that remote workers are more productive than those in the office. Remote work is quickly becoming the norm, and it’s not going away anytime soon.
In addition to being more productive, remote workers are also happier. Many cite the ease of working remotely as a reason for their satisfaction. This shift towards remote work is partially due to the rise of internet connectivity. As more cities invest in faster internet and more people adopt high-speed connections, remote work becomes a more viable option.
AI and Automation
As AI continues to grow, you will see more automation in your daily life, from ordering groceries to controlling your home devices. The good news is that automation will create new jobs that didn’t exist before. For example, AI engineers will build and maintain algorithms, data scientists will use AI to analyze data, and ethicists will guide how to ethically implement AI. But automation also puts millions of people at risk of losing their job.
One study found that 45% of current jobs will be replaced by AI and automation in the next decade. Given the rapid pace of change, it’s important to constantly adapt to new circumstances. Even if your industry is not impacted by automation, you may be required to learn a new skill to advance your career. In the future, you may be expected to know how to work with AI, how to design data-driven solutions, and how to ethically implement automation.
Millennials in the Workplace
Many millennials (born between 1981 and 1996) have already entered the workforce, and more continue to join each year. As this generation begins to take on leadership roles, you can expect to see some significant changes in the workplace. For one, millennials are extremely tech-savvy. They grew up using technology and have always been connected. Because of this, most millennials prefer to work remotely and have a strong preference for flexibility.
Millennials have also shown an interest in balancing work and personal life by collaborating with colleagues and using their strengths to solve problems. Most importantly, this generation is more racially diverse than ever before. Many industries have seen the benefits of hiring and retaining a diverse workforce, so companies will likely increase their efforts to be more inclusive in the coming years.
Diversity in the Workplace
Diversity is more important than ever when considering who you want to hire and how you want to be represented in the workplace. Diversity in the workplace means bringing together people with different backgrounds, perspectives, and experiences. It means hiring people from all racial backgrounds, genders and orientations, educational backgrounds, and more. When you promote diversity, you bring people together to collaborate and create new and better solutions to the problems you face.
You also create a more inclusive environment for your team members and customers. Increasingly, companies are being held accountable for their lack of diversity. Some have even begun to implement diversity quotas because they recognize the value of having a diverse team.
The future of work is an exciting time. With the rise of AI, automation, and new technology, you can expect to see some significant changes in the workplace. If you want to stay relevant, you need to learn new skills and adapt to new circumstances. It’s important to stay up-to-date on the latest trends so that you can make the most of your career.