Business leaders will need to re-evaluate their approach to non-traditional career pathsģ.Recognition that different generations may need different styles of management.COVID-19 is partly to blame for this, which could have long. In 2020, deaths exceeded births in a record number of states. Managing a multi-generational workforce will demand strong leadership are experiencing a significant demographic shift.Business leaders need to create multiple futures for their organisations.Difficult to predict how the world will look in 5 years due to many complex and competing forces at play therefore, it is important to plan for different scenarios.PwC brings a world of multiple-industry experience. Our recommendations on how you can get ahead… 1. We provide health organisations with professional guidance not just on healthcare issues in their local markets but also about operating in global markets including a broad mix of service lines that may include manufactured goods, retail, mobile communication devices, and information systems. Uneven distribution of talent globally - by 2020 more than 50% of graduates will be living in emerging markets.COVID-19 is partly to blame for this, which could have. Much of this change has been (and will be) driven by immigration. will not have a single racial or ethnic majority. is projected to be even more diverse in the coming decades. The most recent Census Bureau estimates by race show a small decline of 16,612 in the nation’s white population over the 2010-to-2019 period. 1 Americans are more racially and ethnically diverse than in the past, and the U.S. Growth in contingent / independent workers and the rise of the “gig” economy means employers will no longer have loyalty of, and exclusivity over, their top performers are experiencing a significant demographic shift. A first-time decline in the nation’s white population.Benefits of diversity are well appreciated and documented - creativity is fuelled by different perspectives brought about by varied backgrounds, physical characteristics, life experiences and personalities. ![]() Resourcing will change innovation will be rewarded Increased number of mature age workers, however most organisations do not have a strategy to attract, engage or retain employeesģ.By 2020, millenials will form more than 50% of the workforce - they are loyalty-lite to organisations and value L&D at times more than financial rewards.2 competing forces will be at play - individualism vs collectivism corporate integration vs business fragmentation.To accommodate the '100 year life' both individuals and organisations will need to move beyond the traditional 3-stage life (education/work/retirement) to something more fluid and less predictable.Demographic forces are changing the employment landscape - in the next 5 to 10 years, the workforce will look very different.Īs people live longer the employee lifecycle, workforce participation and concept of work will change.
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