THE FUTURE OF WORK
The world is changing faster than ever before.
Rapid social & technological progress has started to fundamentally alter the workplace as we know it. Organisations that fail to adapt and stay ahead of the curve will perish. Only job-seekers and aspiring leaders who understand the industry wide transformations and challenges of the future will succeed at the future of work.
Rapid Social Progress:
The last decade has been one of protests. From the #MeToo movement, BLM & climate protests to workers fighting for a minimum wage - people have hit the streets to expose the consequences of unethical leadership across industries.
Why does this matter?
No organisation (Forprofit/Non-profit/Government) can function without the support of the people (Customers/beneficiaries/Voters). As the preferences of the consumer changes it has ripple effects on every aspect of the workspace. With an increasingly digital & transparent world, consumers are calling out platitudes, tokenistic pledges & practices by organisations. Nothing short of real social impact & responsibility is now satisfactory.
There are 3 major implications for workplaces:
Rapidly changing consumer demand, preferences & expectations.
The landscape of consumer demand is rapidly evolving, with individuals becoming increasingly conscious of the social and environmental impact of the products and services they purchase. They are seeking out organizations that prioritize sustainability, promote a net zero carbon footprint, and have robust anti-discrimination policies in place to ensure equal opportunity. Furthermore, consumers are looking for companies that foster inclusive workspaces and employ a diverse workforce, while also providing fair compensation and utilizing their platform to deliver social impact through impact investing, ESG initiatives, and social entrepreneurship. In contrast, consumers are taking a stand against companies that harm the environment, foster a culture of harassment and discrimination, engage in tokenism and underpay their workers, through boycotts and protests.
2. The high human costs of unethical leadership are now leading to high financial costs:
Social impact & financial returns are no longer conflicting objectives, with the former now driving the latter. Unethical organisations are seeing a drop in demand for their offerings; they lose out to competitors that use sustainable practices as a competitive advantage; have lower productivity & performance due to discriminator work environments and waste millions of dollars in PR and marketing campaigns to neutralise bad publicity and repair brand images.
3. Changing stakeholder demands & institutional regulations (From investors & employees to Policy regulators):
Public pressure is forcing governments to pass laws with greater human rights, equality & climate protections thus legally enforcing organisations into compliance. Recognising changing trends investors are increasingly only willing to invest in organisations that are sustainable, care about society and generate lasting impact. Employees & human capital are increasingly prioritising job satisfaction & the need to make a difference through their work thus choosing inclusive, impactful organisations
Technological progress is fundamentally altering the functioning of humanity at a pace never seen before. Every single industry from medicine, economics and entrepreneurship to finance, design & politics will be impacted by rapid technological advances. Understanding the impacts of these changes on your workplace and how to leverage them into competitive advantages is now a necessity at the future of work.
The 5 industry transformations that every leader will have to adapt their work to:
Rapid Technological Innovation & the takeover of artificial Intelligence.
Big Data- The currency of the future
The universal use of NUDGE to influence human behaviour
A New State- Increasingly volatile & in constant flux
Emerging Power dynamics in the Digital Era.
FEELL prepares leaders of the future to deliver impact amidst this FUTURE OF WORK.