If I Were Running A Company…2020 and Beyond

Written by Tracy

If you follow European soccer, they have a period called the “Transfer Deadline.” It’s like the trading deadline in North American major sports. It’s where clubs try to get players from others for a price. There are two types of transfers:

  • Permanent – where the team has ownership of the player until terminated
  • Loan – where the team borrows a player from their previous team for certain time.

Why I brought this up is I was on Twitter Chat with SHRM’s We Know Next on recruiting and this was the last question:

I said that companies will have partnerships with non-profits and other companies to attract applicants who want to do one thing. Here was the question before:

I said you should see more competency-based models in colleges in the next ten years to attract students and get them in the workforce early. Everything I mention is related to the future and what could be an interesting dilemma between the millennials/Gen Z and companies.

On the individual side, there has been new data that 53 million working are freelancers:

To further break this down, 38% of freelancers are 35 and younger and 32% of freelancers are 35+. It also states that people freelance to make a positive impact and/or it’s “exciting,” or as we like to call it: “Better Career Opportunity.” We keep hearing that full-time jobs are hard to find, but people are finding opportunities (including myself), from Elance and others, to find “exciting jobs. This could be the new unemployment rate because people are finding work, but in different ways. This gives a good idea of what companies expect from this and the new generation.

Speaking of companies, they’re in a unique position. Obviously, companies have job openings, but companies also are in position to influence. Colleges, non-profits, and small companies need new revenue streams to keep afloat. Why not partner with corporations and others to share employees and reduce costs for all parties involved. Larger companies have the money and resources to allocate them.

In addition, I mentioned that colleges might be soon go to competency-based models; companies might have a hand on determining their employee/student’s curriculum. This helps reduce the employee’s student debt and great standing with the university. This is where the lines are drawn.

As you see from the chart, nearly 1/3 of the people working are freelancers and it will likely grow. Companies are reducing full-time jobs because of budget, technology, and automation. Individuals want freedom and controlling their own destiny. Companies want control, period.

The real answer, from the two questions above, is we don’t know what the workplace will look like in 2020, 2024, or 2015. What we can do is look at data and trends of where the workplace is going. Looking at the data, as we see, we might have less full-time jobs, but more opportunities for the current workforce. It’s not necessarily a good or bad thing, but it will be interesting how the two intersect in the future.



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