The Future of Work Is Now: Are You Ready?
The nature of work is changing -- but don't panic. This dossier will make sure you are prepared.
This executive dossier includes the following articles:
Technology & Employment
Pastor, Alfredo; Mercadal Dupree, Bartolomé
Will a robot take your job? Although workers have worried about being replaced by a machine since the Industrial Revolution, the changes brought by computerization, digitization and robotization are being felt more profoundly. One study predicts that 47 percent of 400 million U.S. jobs are considered at high risk. This article summarizes the latest research, which includes interviews with executives from Spanish corporations, to help separate science fiction from business reality. Armed with this deeper understanding, executives may start to view technological change not with fear but with flexibility, and identify some practical actions they can take to ready themselves for whatever lies ahead.
Make Way for a New Generation
Stein, Guido; Martín, Miguel
By 2025, millennials will represent an estimated 75 percent of the world's working population. With a view to meeting the needs and demands of this generation, many companies are rethinking their people management policies and leadership styles. The authors surveyed 22,000 international executives, hundreds of participants of IESE Executive MBA programs and their managers, as well as a group of final-year students from the University of Navarre's School of Economics and Business Administration. Their responses confirm that a shift is indeed taking place in professional aspirations, the priorities people weigh when choosing a job, and the type of leadership expected from managers. This article suggests the keys for attracting, developing and retaining millennial workers.
The Rise of Alternative Work
The rise of alternative work arrangements in the United States is consistent with a growing phenomenon happening in Europe and elsewhere: the conventional full-time employment model is giving way to emerging forms of temporary, nonstandard or contingent work. How can companies make sense of it all? The author proposes a new taxonomy for understanding employment in the new economy. His classification is predicated on who maintains directive control, which is conditioned by the presence or absence of a third party as well as the nature of the contractual relationship itself. Executives may find this framework useful for managing employment relationships in an evolving context.