The new trend: Gig Economy!
In a competitive environment where artificial intelligence, digitization and automation are causing significant upheaval, not only are workflows continuously changing, but so is who is doing the work. Executives predict an upward trend for the gig economy in particular: 79 percent worldwide expect contingent workers and freelancers to largely replace full-time employees in the coming years. This is one of the key findings of Mercer's new Global Talent Trends Study 2019.
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Nearly three-quarters (73 percent) of executives worldwide forecast significant disruption for their Company. In 2018, only 26 percent predicted disruptive developments. In response to the upcoming upheavals, transformation processes are being initiated, but these entail significant HR risks. However, globally only one in three ExecutiveThe company is in a position to minimize such risks - and, for example, to effectively reduce skills deficits or permanently overcome employee change fatigue.
"In recent years, there has been a shift in the way organizations approach and prepare for the future of work: away from anticipation and toward a proactive approach. However, organizations risk confusing their employees with too much change. Traditionally cherished values, such as meaningful work, responsibility, recognition or having a say, are given too little attention and employees are overwhelmed with endless processes," says Sebastian Karwautz, Head of Career Central & Eastern Europe at Mercer.
In today's climate of uncertainty, seek Employees Stability. The study concludes that job security is one of the most important reasons worldwide why employees joined their company and the main reason why they stay. However, one in three fears that artificial intelligence and automation will replace their own jobs.
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