Fear of new technology is arguably as old as technology itself. Some people thought their skin would melt in 1825 if they rode the first public steam railway in history. Some believed that limbs would be severed. These days, such tales appear naively humorous. However, there's a good probability that our great-great-grandchildren will be making fun of us in three to four generations for believing that technology would eliminate jobs for humans. They might tell us that the future of work is exciting rather than dire if they could communicate with us. However, they may also inform us that there will be difficulties.
Since none of us appears to have had the benefit of reflection, let us do some time travel with the help of predictions. Here are some workplace trends of 2040 that might be the reality of a better tomorrow.
· Bye-Bye, Desks
Remote work is already becoming the new normal. The 20th-century concept of strictly in-office jobs is likely to vanish completely by 2040. It is beneficial to both the employers and the employees as long as the work gets done. Employers don’t have to worry about in-office infrastructure, and employees don’t have to worry about commuting to the office daily. The focus will shift to the timely completion of tasks, and that is all that’s going to matter.
As a manager, you can embrace this change by starting with small virtual teams or working on the ones you already have. Communication will continue to be key. Be sure not to lose interaction in the virtual workspace.
· Artificial Intelligence
According to Forbes, 56% of businesses use AI for customer relationship management. 40% of them use AI for inventory management. Therefore, every business is using AI in some form in the present day. These numbers are predicted to rise significantly by 2040.
These technologies, which range from AI-powered candidate screening to chatbots answering basic questions, will simplify HR processes and free up HR professionals to concentrate on strategic projects and human-centric parts of their roles. Prepare for the wave of AI to automate your HR processes, such as onboarding and resource allocation!
· Well-Being
The focus on employee well-being is increasing in the modern business landscape. By 2040, it is predicted to be a major priority for companies. Anticipate an expansion of mental health resources, wellness initiatives, and work-life balance initiatives.
· Evolving Leadership
As the nature of work, workers, and the workplace changes, so too do leaders and their leadership philosophies. There is a decline in seniority based on age, an increasing significance of fostering employee engagement, and a generational shift in most workforces.
With the redesign of administrative structures and the widespread adoption of an agile culture, organizations now require different types of leaders. Thus, the leaders of the future must be able to work with a varied workforce, establish strong bonds with others, and develop winning strategies daily. Greater emphasis will be placed on human-centric leadership qualities in a future where machine learning (ML), artificial intelligence (AI), and newer technologies become more and more commonplace.
Final Thoughts
Technology is transforming the workplace, with remote work becoming the new normal by 2040. AI has taken the world by storm and is increasingly seeping into different aspects of business. Employee well-being is becoming a major priority for companies, with mental and physical health taking the top spot. Companies are focusing on mental health resources, wellness initiatives, and work-life balance initiatives. With the evolving nature of work, the required nature of leadership is also expected to change. Organizations viewing these changes as revolutionary and essential and not as challenges stand the chance of succeeding.
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