Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Work and personal lives to blur

Work and personal lives to blur


The boundaries between work and personal life may disappear as companies assume greater responsibility for the social welfare of their employees, according to PwC’s report, The future of work: A journey to 2022.

This is just one outcome that may evolve in the workplace of the future, driven by radical changes in technology and social and demographics of the workforce within the next eight years.

PwC Partner and HR transformation specialist Debbie Francis says, “New technologies, data analytics and social networks are having a huge impact on how people communicate, collaborate and work. Many of the jobs oftomorrow haven’t even been created.

“Workforces will become more diverse as generations collide, with people working longer in their careers and traditional career paths set to become a thing of the past.

“Organisations are already grappling with skill shortages, managing people through change and creating an effective workforce and creating more sophisticated people management techniques, increasing the importance of social drivers and relationships as crucial to business success, are other key issues that companies will face,” Mrs Francis says.

“HR is at a crossroads. Once perceived as service-oriented and only reactive to business needs, the demands of tomorrow’s workplace and business environment are going to force major change and it’s not just HR that will need to act, business leaders will need to lead their organisations through these seismic shifts.

“The HR function will go one of three ways: they will take on a wider people remit incorporating and influencing other aspects of the business, become the driver of the corporate social responsibility agenda within the organisation or be seen as transactional and almost entirely outsourced.”

The report identifies three future ‘worlds’ workers of today want to be a part of which provides a lens through which to examine how organisations may operate in the future.

“The characteristics of these ‘worlds’ will be shaped by the coming changes in recruitment, reward and employee engagement strategies as they evolve over time.

“While things will happen that we cannot predict, we can still be prepared and plan ahead for long-term viability. Organisations will need to prepare to undertake new learnings and adapt to these coming challenges to succeed. Whatever path you follow, work is going to look very different for everyone in 2022,” concludes Mrs Francis.

- ends –

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Housing: Affordability Drops 14%, Driven By Auckland Prices

Housing affordability across New Zealand fell 14 percent in the year ending November 2014, with Auckland’s lack of affordability set to reach levels it hit during the height of the global financial crisis, according to the latest Massey University Home Affordability Report More>>

ALSO:

The Dry: Fonterra Drops Forecast Milk Volumes By 3.3 Percent

Fonterra Cooperative Group, the worlds largest dairy exporter, reduced its milk volume forecast for the 2014-2015 season by 3.3 per cent due to the impact of dry weather on production in recent weeks. More>>

ALSO:

Strike: Lyttelton Port Workers Vote To Escalate Dispute

Members of the Rail and Maritime Transport Union (RMTU) at Lyttelton Port today voted to escalate their industrial action. Around 200 RMTU members have been operating an overtime ban since 17 December and today they endorsed a series of full withdrawals of labour at the port. More>>

ALSO:

Scoop Business: NZ Dollar Falls To 3-Year Low As Investors Favour Greenback

The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. More>>

ALSO:

Scoop Business: NZ Govt Operating Deficit Smaller Than Expected

The New Zealand’s government’s operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax-take from last month’s forecast. More>>

ALSO:

0.8 Percent Annually:
NZ Inflation Falls Below RBNZ's Target

New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer.More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news