PwC’s Ger Twomey discusses how the future of work conversations have changed and what 2021 will bring for the global workforces. Tim Ryan US Chairman & Senior Partner, PwC. All rights reserved. The competing forces shaping 2030. We work with you to build an agile culture and skillset needed for humans and machines to work in harmony. Protect people not jobs. The right HR technology brings simple and standard processes from the outside in so your people and organisation can focus on what really makes a difference and work at their peak. Global Tax and Legal Services Leader, PwC United Kingdom, Joint Global Leader, People and Organization, Principal, PwC United States, Director, Workforce of the Future research programme, PwC United Kingdom. work started in 2007 by a team from PwC and the James Martin Institute for Science and Civilisation at the Said Business School in Oxford, who came together to develop a series of scenarios for the future of people management. As robotics, AI, the gig economy and crowds grow, jobs are being reinvented, creating the “augmented workforce.” We must reconsider how jobs are designed and work to adapt and learn for future growth. Workforce of the future – the competing forces shaping 2030 published by PWC. Workforce of the future: the competing forces shaping 2030, Preparing for tomorrow's workforce, today, {{contentList.dataService.numberHits}} {{contentList.dataService.numberHits == 1 ? PwC’s Global People and Organisation leaders discuss the report findings and the competing forces that are influencing the world of work | Duration 4:15. 88% of our survey participants say technology breakthroughs will be the biggest influence on changes to the way we work over the next 5–10 years. Read our latest report into the potential benefits of Artificial Intelligence (AI) on Ireland’s economy by 2030, and the key considerations businesses should have in mind now. “We were studying our generations at PwC,” Anne recalls. As robotics, AI, the gig economy and crowds grow, jobs are being reinvented, creating the “augmented workforce.” We must reconsider how jobs are designed and work to adapt and learn for future growth. Digital platforms and technology enable those with winning ideas and allow for specialist and niche profit-markers to flourish. 29The future of work – A journey to 2022 Contacts Michael Rendell Human Resource Services Global Network Leader +44 20 7212 4945 michael.g.rendell@uk.pwc.com Justine Brown Global marketing & business development, Human resources services +44 113 289 4423 justine.brown@uk.pwc.com North America Scott Olsen +1 646 471 0651 scott.n.olsen@us.pwc.com … Please see www.pwc.com/structure for further details. Being future-ready is a never ending process. You’ll need to recognise multiple and evolving scenarios. PwC’s report reveals a number of projections for what the future of work might look like based on a survey of 10,000 workers and 500 HR professionals globally. But what will the future look like? Automation, AI, the need for lifelong learning: everything we know about employment is changing. A positive view of global economic prospects. What changes could be in store for the workplace, the workforce, and the nature of work itself? leaders in India and abroad, work-shops with sector leaders, insights from academic and economic specialists, and an online survey completed by more than 1,500 PwC employees. Organisations can’t protect jobs which are made redundant by technology – but they do have a responsibility to their people. It might be the age of the machine but getting the human element right is key. It's characterised by a strong social conscience, a sense of environmental responsibility, a focus on diversity, human rights and a recognition that business has an impact that goes well beyond the financial. Workers and consumers demand that organisations do right by their employees and the wider world. It is going to be built upon collaboration between man and machine, one will not supplant or replace the other. Don’t be constrained by your starting point. These are some of the findings from a major study by PwC on The Future of Work, which included more than 2,700 respondents on how their work experience and changed, and their preferences for the future. Artisans, makers and ‘new Worker Guilds’ thrive. According to these, businesses should focus on creating an approach that: Make ‘no regrets’ moves that work with most scenarios – but you’ll need to make some ‘bets’ too. © 2015 - 2021 PwC. PwC’s Ger Twomey discusses how the future of work conversations have changed and what 2021 will bring for the global workforces. We make the steps as big as necessary. “We were studying our generations at PwC,” Anne recalls. The Future of Work In a regional first, we partnered with PwC to deliver on their brand promise 'solving important problems with technology' by designing an eco-system of … 2 “20th CEO survey” PwC 3 “Workforce of the Future: the competing forces shaping 2030” PwC 4 “New work order” The foundation for Young Australians 5 PwC’s 21st CEO Survey Australia’s GDP per hour worked is 20% lower than the average for US, France & Germany 20% lower1 Every second Australian CEO is … Work Well improves your employees’ wellbeing to make your business more productive and profitable. * We are living through a fundamental transformation in the way we work. A third of workers are anxious about the future and their job due to automation – an anxiety that kills confidence and the willingness to innovate. This isn’t about some ‘far future’ of work – change is already happening, and accelerating. Re-imaging the future of work is a shared reality within PwC and we know our best future needs to be one that is co-created.At PwC, we want to work with you to create a future of work for your business. think 'few people will have stable, long-term employment in the future'. Jobs in their current state will be replaced and new roles created, skills will need to be enhanced, people will need to be adaptable and ready to add to their skills. Starting now - the future of work has already begun. Future of work and that of the workplace is changing and making way for greater flexibility than an average job today allows, and employees are likely … To build organisations that are adaptable, PwC has identified seven key principles to help businesses plan for the Future of Work. We help you to capitalise on the opportunities presented by the future of work, ensuring you have the right technology so your people and organisation can work at their peak. Corporations grow to such a scale, and exert such influence, that some become more powerful and larger than national economies. 6 The potential for digital platforms and AI to underpin and grow the world of work is unbounded. We’ve developed four different scenarios for the future world of work. Employees are your biggest asset, but can also be one of your biggest challenges. The Future Work/Technology 2050 Study (Mira aquí la versión en español) Stephen Hawkins, Elon Musk, and Bill Gates are warning the world about the potential dangers of artificial intelligence (AI) growing beyond human control. 74% of participants cite demographic shifts, followed by resource scarcity and climate change (41%), and shifts in global economic power (39%). In a world where everyone is talking about “digital transformation”, the HR Digital Fitness Assessment helps you to understand how digitally enabled your HR department is, and where your competitors might be ahead of the game. HR transformation: how PwC can help you. Automation and 'thinking machines' are replacing human tasks, changing the skills that organisations are looking for in their people. It’s too important an issue to leave to IT (or HR) alone. are ready to learn new skills or re-train to remain employable in the future. Learn more at PwC.com - http://pwc.to/2vzx3DsWe are living through a fundamental transformation in the way we work. PWC outlines three scenarios on the future of work. This is a world where workers and companies seek out greater meaning and relevance in what they do. This isn’t a time to sit back and wait for events to unfold. People analytics is about changing the way businesses think about everything from attracting and developing talent to employee engagement and retention.It takes the guesswork out of your most important workforce decisions, ensuring that you better manage people risk, match employees more smartly to jobs and are more efficient and cost-effective. Learn more at PwC.com - https://pwc.to/2NvOSb0 For ten years Professor Lynda Gratton has been preoccupied with one question: What is the future of work? In this newest publication of PwC People & Organisation we try to predict the future dynamics of the Dutch labour markets from the three perspectives that are … Also read: Boom or bust: The future of coworking in post-coronavirus Australia. Machine learning The company’s new report, The Future of Work: the Journey to 2022. Being future-ready is a never ending process. In order to meet your global issues, our team of more than 10,000 specialists in 138 countries, the PwC network is one of the world's leading People and Organisation practices. We help you to deal with any potential people risks as you transform your workforce to include automation, ‘gig’ talent and other working structures. 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