Each year brings new innovations and ideas that disrupt how companies operate and conduct business. In a constantly changing world, it’s important for business owners to stay on top of societal changes and what employees value in order to be successful. Failing to adapt to new workplace trends can actually end up hurting a business. Whether you are an entrepreneur starting your own company or a long-time business owner, here are the trends shifting the workplace in 2019 to watch for that could affect your business:
Gen Z Entering the Workforce
Generation Z makes up the population that was born from the mid-’90s to the early 2000s. There are 61 million people in the U.S. that account for this age group, making it larger than Generation X. Gen Zers are now in their early twenties, and have grown up technologically savvy and in fast-paced environments. They are now beginning to enter the job market. Business owners looking to hire employees from Gen Z should adjust their training and office practices for more efficiency — such as expecting them to learn best from short, instructional videos. Individuals from this age group also come with a different set of skills and mindsets than past generations and can help companies thrive in today’s society. Before a hiring manager turns down someone from this age group for lack of experience, they should look more closely at the skills that this age group can bring to the table!
Remote Working Continuing to Rise
By 2025, remote working will rival the traditional, fixed office location working environment, according to Silicon Republic. Remote working is on the rise and will soon be considered the new normal. Co-working spaces popping up in every city are allowing employees to work outside of the office. Employees are using this newfound freedom to have better control over their day and to have the flexibility to allow their personal and professional sides exist side by side more peacefully. Not only does this new way of working help employees to find a renewed passion for their jobs, it can provide employers with benefits, too. One study found that remote workers tend to work longer hours — meaning productivity will increase. Employers can also expect to save on some expenses, such as office space and furniture. Businesses can now find more desirable and better fit employees for their positions as they can expand their search outside of their local city.
Increasing Need for A Social Mission
In the current socio-political climate, employees are no longer looking for a company with just a pretty face. They want to work for companies that uphold values and put social purpose into priority. Corporate social responsibility is a term that is used a lot in business programs, but companies must actually put it into action. Companies can create a social purpose through community service, partnering with a purposeful organization, and incorporating a purpose into their overall company mission. Employees want to be proud to work for a business that stands behind an issue. According to Forbes, this trend is being pushed by millennials who are more likely than other generations to to engage in philanthropic causes, and now currently make up the largest percentage of the workforce.
Employees Looking for Better Work Life Balance & Other Perks
Since unemployment rates are extremely low, companies need to keep their employees satisfied and happy to prevent them from taking their skills to another company. One major thing employees are looking for is a better work-life balance and better perks in day-to-day activities. In the past, employees were expected to work late nights and long weeks without ever prioritizing their well-being. This has contributed significantly to employee burnout. Employees are now demanding more time for hobbies, friends, and self-care. Employees who feel they are being respected and appreciated by their managers can be trusted to work harder and more productively. Developing a better work-life balance for employees includes flexible work schedules, compressed work weeks, remote working, and on-site amenities!