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2020 workforce

Background of the company

Nick Inc. was started in 24 January 1968 as a Japanese shoes distributor. By then, the company was known as Blue Ribbon Sports but it was later changed to Nike Inc. in 1971. Over the years, the company has grown to be one of the biggest shoes suppliers in the world. The company has specialized in the distribution of athletic footwear as well as apparel all over the world. Nike Inc. has over 20, 000 retailers in the United States alone and it operate in over 110 countries globally. As of 2015, Nike Inc. has man employment base of more than 44, 000 employees. The success of this company is mostly attributed to its application of a brand strategy which is based on brand recognition. The goal of Nike Inc. as a corporation is to bring innovation and inspiration to athletes in all the countries that the company operates.

Change is one of the things that any organization in the world has to worry about in today’s workforce. The workforce of today is different to that of 10 years or even 5 years ago. The 2020 workforce will be mainly influenced by the entrance of millennial in to the job market. This generation of workforce cares about bringing change to the world through the work they do. The management of the 2020 workforce will be different from that of today. This workforce will require constant directions from the supervisor. However, the 2020 workforce will have a great desire to autonomy and freedom from constant scrutiny by the director.

The 2020 workforce will also be characterized by a change of behavior brought about by the rapid change in technology. For instance, there will be an increase in the use of social media in the workplace than in any other generation of workforce. The positive side of this is that social media encourages the employees to collaborate with their peers and share ideas which will help the organization to achieve its objectives. This will help to cultivate the spirit of group work in the company which will be as a result of the increased collaboration. However, the increase in the use of social media will have its limitations; for instance, there will increased wastage of time due to the usage of social media in the workplace. This time can otherwise be used to perform productive activities in the company.

2020 workforce will also be characterized by increased employees’ mobility which will be brought by the advancement in the use of technology. For instance, employees will be able to work from anywhere through devices like mobile phones and computers (Novis, 2011). The change in working style will mean that the company will have to change its structure formation to for instance a cloud type structure which will enable the employees to access the company’s files remotely. This has the advantage that there will be a reduction in the company’s production costs because it will require a reduced number of employees. However, remote access of the company’s files has the limitation that it increases risk of the com[any losing or the exposure of sensitive information to the public or any other group without the necessary authentication.

Workforce in 2020 will also require companies to develop new methods to motivate their employees in order to retain them. The Bike company will need to upgrade its existing techniques as well develop new ones to be able to compete in the labor market.

Some key leadership competencies that leaders need by 2020

A collaborative mindset- 2020 leaders will be required to have a collaborative mindset that will enable them to promote the spirit of group in the company. This will enable the employees to feel more involved in different projects carried out by the company which will in turn help to improve their productivity. The leaders must also be able to communicate and collaborate with various departments in the company for instance through means like email or conferences.

Good communication skills- Communication plays an important role in the success of any company and this will not be different in 2020 but rather the leaders will need to have improved communication skills to enhance their communication with the millennial (Novis, 2011). All the aspects of the 2020 workforce will be dominated by technology from the execution of the day-to-day operations of the company to how the leaders communicate with their employees.

Leaders need to be creative and innovative in order to maintain their place in the market. The changes which are continuous occurring in the market will give leaders who possess these qualities a competitive advantage in their respective industries. Leaders will be required to have the knowledge that is required the risks which are part of the change and innovation process. There will be the need to have accountability mechanisms at all levels of leadership to ensure that the commitments are met. In order to cope with the many challenges that will characterize 2020 workforce, there is need for leaders to empower all leaders at the other leadership levels in the company.

Leaders will need to have the necessary skills to manage changes in technology. This will enable them to keep their company’s up-to-date with the current technology. Good management of technology enables leaders to achieve the results which take the company to the next level. Leaders will also need to have a clear vision as it is necessary to enhance their influence to others. Leaders can also use their visions to motivate and inspire the employees to improve their productivity.

References

Ferguson Publishing. (2009). Leadership skills. New York: Ferguson.

Novis, G. (2011). Leadership skills. Johannesburg: Freeman Productions.