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27/04/2018

Future of Work in the Global

Context Week 9

BUSM3886

Parinita Raje

School of Management

RMIT University

Today’s Lecture

• Changes/challenges affecting employment and employability

• Future work environments

• Attributes employers are looking for in graduates

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The Future is Here!

The Fourth Industrial Revolution…

“Developments in previously disjointed fields such as artificial intelligence and

machine learning, robotics, nanotechnology, 3D printing and genetics and

biotechnology are all building on and amplifying one another.

Smart systems—homes, factories, farms, grids or entire cities—will help tackle

problems ranging from supply chain management to climate change.

Concurrent to this technological revolution are a set of broader socio-economic,

geopolitical and demographic developments, with nearly equivalent impact to

the technological factors.” (World Economic Forum, 2016, p.1)

What are the 3 big break-

throughs or challenges that

you imagine will happen in

the next 5 years?

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Major trends affecting employment in the future…

Socio-Economic and Demographic Challenges

Major trends affecting employment in the future…

Technological Challenges

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Work Challenges – Workforce Mobility

Workforce mobility includes the geographical and occupational mobility of the

workforce.

As employees, not only will you be traveling to different locations as part of you job,

you will also be more likely to change jobs and careers more frequently.

Challenges:

• Increase in travel

• Digital collaboration

• Cross-cultural teams

How will future work teams organise, co-ordinate and carry out tasks? How will

they problem-solve?

Work Challenges – Portfolio Careers

“Portfolio working is when an individual has multi strands rather than just one

strand to their career” (The Telegraph, 2012)

Challenges:

• Keeping on top of everything

• Stress

• Work-life balance

• Dealing with uncertainty (Careers NZ, 2017)

How will you manage competing priorities, whilst performing at your optimum?

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Role of government

Issues:

• Political stability

• Protectionist politics

• Political lobbying

• Regulations

Impacts:

• Offshoring

• Work-life balance

• Job stability (e.g. impact on

employment)

Future Work Environments

• Workplace models will change as the location of workplaces vary:

– Workplaces centred around digital locations

– Remote working (e.g. from home), assisted by telepresence robots and virtual assistants

– Coworking

• Increase in the need for Knowledge workers

…all of these changes will be impacted by changes in socio-economic, governmental and business factors.

What implications does this have for graduates? What skills will you need to have to succeed in in tomorrows workplaces?

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Skills employers are looking for in graduates…

Qualifications &

Experience

Technical

Skills

Generic Skills

(soft skills)

Personal

Attributes

1. Good results

2. Extra curricular activities

3. Work experience

1. Skills specific to your degree – how can you apply these?

1. Communication 2. Teamwork 3. Problem solving 4. Initiative & enterprise 5. Planning & organising – SMART

goals, managing others 6. Digital Literacy 7. Self-management skills – working

under pressure, reflecting 8. Analytical skills – critically evaluate

information to form conclusions 9. Creativity 10. Flexibility 11. Emotional judgement 12. Innovation

1. Friendly (approachable)

2. Tactful

3. Good manners

4. Sense of humour

5. Professional ethics

6. Resilient

7. Organisational (cultural) fit

8. Life-long learning

“Employers are looking for candidates

who have the right degree and skill-sets

necessary for success in the position they

are trying to fill.

This may appear to be an obvious

statement, but many college graduates

don't take this basic message to heart.

The completion of a degree does not

guarantee a job. Employers want to know

what you will do for them.” (Ingbretsen, 2009, para 1)

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