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21st Century Future Work Predictions!

21st Century Future Work Predictions!

by | Feb 22, 2016 | Hispanic/Latino Millennial, Talent Managment

Experts in Business (Future of Work Symposium) have several predictions for the next few years that may change the face of the workplace.  Here they are:

  1. Technology – will be positive for business because it facilitates communication and collaboration on a daily basis. This can result in a more engaged and productive workplace.
  2. Freelancers – the rise of the contingent workforce will change the old employer-employee relationships. Freelancers will work the “gig economy” to build skills and experience while determining whether they are interested in a company employment situation.  People are looking to supplement their incomes, consider themselves entrepreneurs and are searching for flexible work arrangements. In fact, according to a study by Elance-oDesk, Freelancing in America: A National Survey of the New Workforce, 53 million Americans are now freelancing. And 69 percent say technology is aiding their ability to do so.
  3. Business intelligence – currently 39% of organizations are doing some form of business intelligence analytics. Data-driven insights are imperative for organizations to remain competitive.
  4. Emerging economies – Asian and Middle Eastern markets continue to increase, and global talent will be a shortage due to the aging workforce. Companies will be looking to upskill workers to maintain competitive advantage, and those skilled employees can expect to see wages rise as talent shortages in certain regions drives salaries up.
  5. Millennials – the Gen Y factor is a live and well. It is anticipated by 2020, 50% of the Global Workforce will be Millennials.  This will change the face of the workforce and well as the markets.  The Gen Y’ers are already changing the workplace but will do so by the sheer momentum of their numbers.
  6. Leadership – leaders have traditionally been selected based on experience, company knowledge, and loyalty. This will not be the 21st criteria for organizations.  Organizations are looking for more inspirational and collaborative leaders.  Leaders will be expected to communicate (both in person and through technology) more with employees and have less hierarchal management style.
Love in the Workplace 2016 – Happy Valentine’s Day!

Love in the Workplace 2016 – Happy Valentine’s Day!

by | Feb 12, 2016 | Millennials, Talent Managment

The Results Are In! Just in Time for Valentine’s Day. 

Vault conducted an office romance survey every year, and the results are surprising. Office romances are becoming more acceptable in U.S. organizations. This year’s survey had 2,274 participants. Only 5% of respondents believed that NO office romances were appropriate. This is down from 2011 which was 9%. Furthermore, 29% of respondents believed that all romances in the workplace were appropriate, even those with their manager.

Get this! Human Resources professionals are among the most likely to have had some kind of romantic relations with a colleague!

Office spouses are another important factor in the workplace and found to be very important to employees because they can confide in someone to discuss workplace issues. 

Survey Says…Pay Raises Are Flat but Promotional Raises are Up for 2016

Survey Says…Pay Raises Are Flat but Promotional Raises are Up for 2016

by | Feb 1, 2016 | Compensation, Hispanic/Latino Millennial

According to Mercer’s 2015/2016 U.S. Compensation Planning Survey, the average salary increase budget is expected to be 2.9 percent in 2016, up slightly from the average increase budget of 2.8 percent in 2015.

The survey includes responses from 1,504 midsize and large employers across the U.S. and reflects pay practices for more than 17 million employees.

Four 21st Century Global Forces Changing Business Trends

Four 21st Century Global Forces Changing Business Trends

by | Nov 2, 2015 | Hispanic/Latino Trends

Resetting Intuition

Many past assumptions, tendencies, and habits that had long proved so reliable have suddenly lost much of their importance. That is partly because intuition still determines much of our decision making. Our intuition has been formed by a set of experiences and ideas about how things worked during a time when changes were incremental and somewhat predictable. If we look at the world through a rearview mirror and make decisions on the basis of the intuition built on our experience, we could be wrong. In the 21st century, executives, policy makers, and individuals all need to scrutinize their intuitions and boldly reset them if necessary. This is especially true for organizations that have enjoyed great success. There is an urgent imperative to adjust to these new realities.