Continuous job searching
Workers are no longer remaining loyal to one employer for decades or their entire working life. The likelihood is that employees will constantly be on the lookout for their next job, with networking being a new normality and an ever-present “fear of missing out” motivating people to be aware of all potential opportunities. According to Expert 360, smart employers use this to their advantage by recognizing and nurturing this desire to excel.
Millennials becoming the boss
A recent study revealed that 72 per cent of millennials would like to become their own boss. This new generation of young individuals – perhaps inspired by the rise of start-ups and billion dollar valuations with which they have grown up – craves the opportunity to progress into positions of leadership.
Casual Fridays are extending across the working week for many organizations. Many employees use their attire to express individuality at work. This trend is perhaps inspired by tech giant Google, which is renowned for encouraging informality with casual work wear, Zen zones and free food for staff – which has led to increased productivity and innovation for the company.
It is predicted that by 2020, 40 per cent of the total working population will be millennials – and internships are crucial for providing them with their first taste of the ultra-competitive working world. Many employers are beginning to recognize the characteristics unique to this generation: entrepreneurship, risk-taking and flexibility, and internships have generally been designed to mutually benefit both parties. Emerging trends in internships have seen the rise of “virtual internships” in industries such as finance and consulting.
Employees are no longer expected to be at their desk from nine to five every day. Technological advancements have paved the way for an increase in more flexible working arrangements. In today’s ever-connected world, a physical workplace is no longer a necessity for employees to fulfil their duties.
According to Bridget Loudon, co-founder and CEO at Expert360, businesses that will succeed in 2015 are the ones that embrace technology to support their biggest asset: people.
Rapid talent turnover
Companies are striving to connect with and hire the top candidates faster than ever before. Advances in connectivity, websites, accessibility and communication platforms have made this possible.
“Successful businesses are ones that can quickly pull in talent they need and disband others when they no longer need them,” Loudon told our sister title Human Capital. “What many employers are currently doing is looking at traditional ways of getting resources but realizing that these channels aren’t fast enough. It takes 42 days on average to hire someone, even for short term role, and the vast majority are consequently looking to online options, which can cut this down to as little as three days.”
The way we work is changing, and workplaces are changing with it. Experts have predicted the following trends to emerge or continue throughout 2015.