The world of work is changing – and a new workforce is taking shape. As businesses battle political and economic upheavals, global pandemics, changing markets and employee demands, businesses are seeing this as the critical time to take action, brush old barriers aside, and make positive organizational changes.
Where are we seeing changes?
The shift to Remote Work
Remote working is here to stay - the shift has enabled wider talent networks around the world to open up, allowing key skills to be accessed at a much faster rate to deliver on business-critical initiatives.
Focus on Agility
In a world in which the business and employment landscape is constantly changing, the capacity to adapt to these changes, without impacting productivity or profitability, has bow become a critical business objective.
Dorothy Mead, VP Marketing & Brand @Talmix
“You can’t have an agile business without an agile workforce: it’s more than having a few people continue to work remotely, it’s a change to how work gets done, where it gets done, who does it, and how these interact and refashion dynamically".
The pandemic has accelerated digital transformation at 59% of organizations, accelerated by a culture shift aimed at reducing costs and remaining resilient.
At the same time, businesses are looking for the right talent to oversee initiatives, understanding that the people behind transformation need to be as capable and agile as their technologies.
Old barriers are being brushed aside under the pressure of unrelenting disruption, rapidly evolving customer expectations, and an unprecedented pace of change.
For more on what you need to know about building the new workforce, and preparing for the future of work, check out our A-Z of the New Workforce.
What does this all mean for workforces?
As organizations start to move away from large, fixed multifaceted teams, they are opting for out-sourced models. Complementing their smaller core team when needed with experts from the extended workforce brings in the precise skillsets required for cross-functional project success with faster turnarounds and smaller overhead costs.
As businesses embrace the extended workforce and changing workforce demands, moving away from functional hierarchies to networked organizations, practices and technologies are also evolving to accommodate the new, agile reality.
"The right talent, in the right place, at the right time, is the equation for success in today’s world.
In an era of technological change, demographic shifts and economic uncertainty, companies can enhance their ability to compete by building a flexible work model”.
BCG & Harvard Business School, 2020
Given the increasing market demand for engaging more flexible workforces, businesses are now exploring technology-driven solutions to address these challenges and compete in the future of work. To learn more about the tools and technologies that companies are using to build these flexible work models, check out our latest Management Insights report HERE.