12 workplace trends 2020

FinancesOnline talk about 12 workplace trends to watch out for in 2020.

1. Gen Z entering the modern workforce. Born between 1997 and early 2010, the oldest member of this group is 23 years old. The peculiarities of Gen Zers make them a difficult group to deal with. For example, since Gen Zs are digital natives, they expect the modern workplace to be teeming with digital collaboration software tools. They also tend to be pragmatic in the way they approach their careers as well as education.

2. Remote working. There has been a shift in the perception of employees towards remote working. Working remotely allows both the professional and personal aspects to coexists harmoniously. For example, today’s mothers can tend to their parental duties and handle professional roles in the comfort of their homes.

3. Flexible working. Modern employees gravitate towards the ability to work anywhere, anytime, so the 9-to-5 schedule is facing extinction. Besides, the lives of employees have become busier and the work environment has become global.

4. The need for streamlined and centralized business communication. The proliferation of business communication software tools, e.g. instant messaging, has brought about communication overload. Businesses are in search of solutions that consolidate vital communication and tie conversations around the ultimate organisation goal.

5. Work-life balance. The modern employees are now looking for better work-life balance and perks that positively impact their wellbeing.

6. Investing in employee well-being. More and more companies have put in place workplace wellness strategies to enhance employees’ health and wellbeing. For example, today, you’d not be surprised to find modern workplaces with onsite fitness centers, cafeterias, childcare, and medical care.

7. Gender equality. Letting women hold top positions increases profit and brings a host of other benefits. Because of this, companies are all out to explore these benefits and the gender gap is closing by day.

8. Social purpose becoming a priority. Today, job candidates want companies that show a true desire to uphold values and prioritise social responsibility. Many companies are creating social purposes via community service, partnering with like-minded organisations and incorporating philanthropic purposes in their overall mission.

9. Gig economy continues to rise. In the modern era, titles like self-employed and freelancers are becoming widespread thanks to changing working practices. The advances in technology have given rise to multiple online talent markets for freelance workers. As a result, gig workers now have unparalleled flexibility to decide their hours and location, often without compromising financial security.

10. Training and upskilling nurture top talent and help maintain high-performance teams. In addition, training spurs personal development and plays a fundamental role in retaining top talent.

11. Robots and humans in the workplace. Today, using robots to handle mundane tasks frees up precious time for employees, allowing them to focus on emotional jobs and be more productive.

12. Focus on soft skills. Soft skills - like analytical skills, written and verbal communication, and leadership - help facilitate human connection which is needed for high-performance teams.

Source: FinanceOnline Reviews for Business. Read the full article.