How and where will innovation take place as fewer full-time employees and more collaborative, Internet-connected technologies create an economy served by a blended workforce working remotely?
Are you one of many wondering about the future of work? Your job? Will there be work for your children or grandchildren?
You know the world of "work" and how it is accomplished is changing faster each day. You can feel it in your gut. More politicians and economists now acknowledge we are in a transition phase. In most states, Wal-Mart is the largest employer, not Citibank or FedEx or Coca-Cola or any of the brands we have associated with large employers of full-timers. Wal-Mart has peaked in brick and mortar growth while more and more consumer retail purchases are made on-line. Disruption and replacement of any business or enterprise are now possible -- Uber and Lyft are classic disruptors as are on-line staffing platforms.
Near 40% of all human labor, processes are completed by cheaper automated technologies or independent professionals (freelancers). What should you do to survive and thrive in this rapidly changing economy -- regardless of your generation or ethnicity?
I author books using the pen name Michael Hib. I am considered one of the leading experts in the training and management of HR technologies used in forecasting mixed resource planning, or more commonly known a workforce planning and resource utilization to meet business goals. I am a freelancer and entrepreneur, so I know what's happening on the ground.
I am the Managing Partner of SP3M Group LLC. – a boutique advisory in workplace and workforce developments to meet 21st-century competitive business requirements. Previously, I earned my business chops in executive management, data center design/build technology and its applications. Clarifying the use and vision of people management technology with integrated mixed-use resources is my trademark.
My prism view of the global changes in how work is accomplished is supported by monitoring global advancements in workforce automation. Automation is often driven by shifts in workforce demographics, economic shifts, technology-driven HR, speed of global markets, economic and geopolitical trends.
My mission is to help business owners, employers, freelancers, and independent professionals to understand how talent shortage, technology, and global business forces are converging to create new opportunities on a 24-hour global clock.
Get a head start by reading my book, subscribing to my quarterly GIG Economy Reports and subscribe here to receive my posts. Thank you for visiting. I hope you will return often and keep following the expected disruptions in the world of work and how innovation will be accomplished going forward.
We are ALL competing in a shrinking WORLD
Baby Boomer Brain Drain
What I find disturbing is that so few companies are preparing or seem to care at all about loss of baby boomer talent.
Let me spell out some key statistics:
Baby boomers have 56% of corporate leadership positions
10,000 baby boomers are turning 65 every day and will continue to for almost 20 years
In 2029, all baby boomers will be 65 years old or older
Baby boomers account for 31% of the workforce
4 million companies, which make up 66% of all businesses with employees, are owned by baby boomers
Baby boomers will leave the workforce in the next 20 years, but not in the way we planned.
Are the number of Gigs GROWING?
Minimum pay or low wage jobs are plentiful, but doing Gigs is the means for talent to gain valuable experience, work/life flexibility with higher-paying technical and skills focused jobs as a freelancer.
We will keep you informed of the latest developments in the gig market and how you might succeed in the expanding gig economy.