OVERVIEW - THE CHANGING WORLD
The Fourth Industrial Revolution
The Fourth Industrial Revolution represents a fundamental change in the way we live, work and relate to one another. It is disrupting almost every industry in every country and creating massive change in a non-linear way at unprecedented speed.
So the questions arise: What will be the future of work? How will we define work?
The Gen Z Workforce and the Gig Economy
Gen Z is the biggest cohort in the world population right now – 32% vs. 31.5% Millennials according to Bloomberg, and this Gen values employment that allows them to live a balanced lifestyle even more so than Millennials. Studies have also revealed that they see a lot to like in the gig economy as they move into the workforce. They want flexibility and control within their schedules. For example, they want to be able to go to an afternoon dental’s appointment without feeling like it reflects poorly on their work ethic.
To attract young talent, employers are looking to change the work environment – such as providing flexible work hours, the ability to work from home, and progressive benefit plans etc to meet the Gen Z’s craving for instant gratification, sense of purpose and more importantly value for flexibility and freedom in their job satisfaction.