New research into the workspace in 2019 reveals 3 major trends that will affect us all in the coming years and organizations that fail to adopt them seem to find themselves out of the game.
By Ofer Vitkon CEO of Regus and Spaces Israel of the IWG Group
This past year, some new technologies and trends have come into our lives that are expected to have a significant impact on the world of work in the coming years. The change expected in all areas of our lives can look amazing, and in the near future, organizations that are able to keep up with the modern work environment and make proper use of technology, welfare development, and flexible work encouragement will gain a competitive edge and attract the most talented employees. What trends were notable this year and what would our new workspace look like?
Stay calm at work, too
In 2019, awareness of the issue of burnout and its detrimental effects on the physical and mental health of workers began to rise, and in line with the concern for employee welfare, privilege became a necessary issue. Research shows that 60% of employees experience a decline in performance due to chronic stress and workplace attrition, and according to Kronos research, about 95% of human resources managers think the pressure at work “sabotages the ability to retain good employees in the organization.”
One of the popular methods for dealing with the burnout problem in 2019 was mindfulness practice at work. Companies such as McKinsey, Nike, Google, and Apple offer their employees meditation and cognitive-behavioral training programs. Neurological studies show that meditation helps to increase the brain areas responsible for emotional regulation, improve attention span, improve work performance and productivity, and ultimately – improve job satisfaction.
Flexibility, flexibility and a bit more flexibility
A particularly notable trend this year was a growing demand for work flexibility. In fact, this is an option that is not only wanted but even demanded by employees, and the good news is that 62% of employers around the world have internalized the importance and already offer employees a flexible work policy.
Flexible work respects the diversity and differences between employees and allows for a balance between leisure and work, as everyone has the freedom to work in a way that is appropriate for them – from flexibility at the start of the day to work outside the office. When companies allow employees more autonomy during the workday, this increases their satisfaction and greatly helps to maintain personnel, improve their well-being and increase their loyalty to the company.
Flexible work policies are also helpful to employers. According to the IWG-Regus Global Workspace Survey of 2019, most executives believe this policy improves employee efficiency, and over two-thirds say it increases productivity by at least 20%. Furthermore, employees who take advantage of the possibility of flexible work are often absent from their peers because they are free to adapt their work schedule to their outside work.
The IWG-Regus survey shows that the freedom to work from flexible workspaces greatly increases productivity: 54% of employees said that remote work allows them to do more during the day, and 65% said being able to adapt their workspace to their personal needs makes them more productive. Organizations that adopt this policy in 2020 will also appear to be innovative and gain more effective and loyal employees.
While this is already a noticeable trend, it is only likely to intensify as the generation of Z-members enters the global employment market. Those young people who grew up in the realities of social networking and a smartphone are known as the “first digital generation” and have different views and ideas from previous editions. A recent report by Deloitte shows that Z generation places a greater emphasis on human diversity, especially around identity issues. For organizations, it means that in order to attract the top talents and employees, it is no longer enough to rely on a positive reputation and initiate CSR projects but to consistently and equitably demonstrate an enterprise policy that promotes equality.
Maintain a technological advantage
The future world of work will not only be affected by employee wellbeing and the nature of work, and organizations need to understand that even on the technological side, they must keep pace and not be afraid of change. Technological trend One One that is overstating and that it is recommended to prepare for is the fifth-generation media, the 5G Networks.
Fifth-generation communication will enable zero-time delays and fast data transfer. In this reality, which will be possible in Israel according to the plans as early as next year, organizations will be able to perform more complex tasks than ever before with unprecedented speed, thus opening new possibilities for them. In addition, 5G communication will help organizations automate processes that increase their productivity levels. Although it is a technology that is still in its infancy, organizations that are quick and agile, which means that they are quick to adopt and adapt to it before their competitors, will reap the rewards in the very near future.
Adapting to a new environment is essential for businesses and employees alike, and aims to improve productivity, profitability and employee satisfaction. Those who do not adapt quickly may not be around to see next year’s trends.
Edits and writes on every field except football. He has an obsessive relationship with business and technology trends, is sure to be the funniest to say sweet potato. Commercial content manager for TechAmbo.