MEGA TRENDS
mega trends CHANGE HOW PEOPLE
CONNECT WITH WORK
and promote workforce dynamism
In the past, lifetime careers with one employer crowned by a pension relationship provided a sense of security and built strong dependencies. However, in response to shorter corporate outlooks and an increasing degree of specialization in work in general, careers shortened. Today, in particular among younger generations, the thought of a long term commitment to one employer has become foreign and new trends are emerging.
Mega trends act as global forces in setting the stage for the development of dynamism in the workforce. There are at least eight mega trends and all of them are powerful. They promote adaptability, agility and above all, sharp skills of every participant in the workforce. What you do is becoming more important than where you do it. At the same time, the supply and demand in skills connect faster and for shorter periods of time. In other words, work becomes less static and more dynamic. The BOTH concept uniquely supports dynamic work relationships and enables companies and independent professionals to connect on demand.
global forces set the stage for workforce dynamism;
mega trends change how people connect with work |
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1. information technology
2. demographics
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older population in U.S. and E.U. |
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newer generations, work values,
norms and preferences |
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importance on income security versus job seurity |
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emergence of China, India and Nations
such as Brazil and Turkey |
3. international labor and migration rules
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enterprises need to source skills globally |
4. globalization
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Internet and broadband enhance networking |
5. shift in balances of power
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nations face increasing need to share focus on |
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global commons
(i.e. terrorism, climate, etc.) |
ii. |
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humanity (health, poverty, etc.) |
iii. |
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regulatory approaches |
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dependency on oil is causing transfer of wealth |
6. workforce specialization
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fosters mobility, including in the executive suite |
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what you do is more important than where you do it |
7. global financial structure
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system overhaul re-defines deployment of talent |
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what you do is more important than where you do it |
8. capital market dominance by private equity |
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