HR and Future of Work
The future of work is happening all around us. If the data is to be believed, what HR knows about work is quickly disappearing. Korn Ferry predicts by 2030 a global human talent shortage of more than 85 million people will exist. That’s an astonishing prediction, but changes are expected well in advance of that year. 40 percent of today’s Fortune 500 companies won’t exist in 2025. That’s from Deloitte. Additionally, the World Economic Forum predicts 133 million new jobs will be developed by 2022 through artificial intelligence. Plus, McKinsey says the demand for social and emotional skills will expand by 26 percent in the United States. For HR, this data points to a very clear direction: prepare your company now for the worker of the future. It’s not just enough for employees to have technical expertise. They must also be able to interact effectively with other people. The company culture must shift to one where people are able to embrace meaningful work and find purpose rather than only working for a paycheck.