The future of work has become a steady topic with startups, entrepreneurs, co-working spaces and more. Through technological advancement and the demands of millennials, the workplace has adapted many changes that is shifting the way we work; where we work and how we work.
Millennials are the new generation of employees. Just think by 2025, millennials are expected to make up 75% of the workforce. More than half of the workforce will be compromised of individuals who are social media and digital natives, focused on successful careers while building community and personal well-being. Here are three driving factors to changes in the workplace, with social media and millennials at the foundation.
Businesses and Organizations are Focused on Community
The future of work talk goes hand in hand with community building. Years ago, businesses and organizations focused primarily on strategy that led to high-yielding results positively affecting the bottom line. Now, community is at the center of that strategy and shared values and culture is driving the bottom line.
Social media has charged startup founders and business managers to focus on their online communities. This growing aspect of the workplace is also a direct result of millennials’ need to live and thrive in community, whether it’s a community of fitness junkies or just your college classmates.
Moving Beyond Cubicles
With the workplace evolving, employees no longer have to confide to clusters of cubicles. Now, more than ever businesses are building remote teams, employees are packing up their desks with the option of working from home and co-working spaces are developing to provide alternatives to the everyday office life.
By 2016, 43% of the workforce will be working remotely. Millennials are demanding better work conditions resulting in more engaged and happy employees. Work conditions are reflecting the interest of personal development while producing professional productivity.
Technology and Productivity
And with productivity in mind, new social media platforms and technology tools are being created to coincide with this new workplace culture. Social media platforms like Google+ and Skype, and tools like 15Five and Trello keep remote teams in constant communication. They also assist in the further development of communities, both internal and external.
Together, social media and technology has helped in team collaboration and while much of these collaborations may now happen online, organizations have to continue to work to keep human interaction and authenticity alive.
In The Future of Work: Attract New Talent, Build Better Leaders and Create a Competitive Organization (still reading), Jacob Morgan points to five trends (social media/technology and millennials included) that are shaping the future of work. The demographics of the workforce are changing, as well as values and expectations. Thanks to social media and millennials, there’s a shift happening that we just can’t ignore. Here’s to the future of work!