5 Mega- Trends of the modern workforce

Rohit Kohli
Rohit KohliWorking with clients to support Agile working initiative and reduce real estate cost upto 30% à Asure Software

There is no question that the state of the workforce is changing. It’s not the same as it was a decade ago. Technology, economic forces, and employee demands for flexibility mean that organisations must adapt to new ways of attracting, engaging, and managing talent. Failing to adapt will almost certainly mean that your organisation will lose a valuable competitive advantage in its market.

A S U R E S O F T W A R E
www.AsureSoftware.com
WHITE PAPER
5 MEGA-TRENDS OF THE
MODERN WORKFORCE
A S U R E S O F T W A R E
2www.AsureSoftware.com
There is no question that the state of the
workforce is changing. It’s not the same as it
was a decade ago. Technology, economic
forces, and employee demands for flexibility
mean that organizations must adapt to
new ways of attracting, engaging, and
managing talent. Failing to adapt will almost
certainly mean that your organization will
lose a valuable competitive advantage in its
market.
#1 THE CHALLENGES OF
ATTRACTING TOP TALENT
While organizations must still deal with the
traditional concerns that involve attracting
top talent, such as competitive pay and
benefit packages, there are more things
that factor into the equation for members of
the modern workforce.
These individuals bring with them a growing
list of expectations that revolve around the
concepts of ease and flexibility relating to
how, when, and where they work. They
expect to work with modern technology
that is easy to pick up and use with little or
no training. They are increasingly mobile.
So, they appreciate the ability to work
outside of the office with the expectation
that they can use their own mobile devices.
And, they expect to be able to access their
work-related documents and information
at any time, and from any place, using their
desktop, laptop, tablet, or smartphone.
To be able to compete for top talent, and
satisfy their ongoing needs, organizations
must invest in technology that will empower
their HR professionals to do their jobs better,
and with greater efficiency. One of the
many areas where technology can create
efficiencies for both HR professionals and
talent is applicant tracking.
For HR professionals, working with a single-
database system provides a centralized
location for all of an organization’s
workforce and HR management needs.
Not only does this single database contain
all the information necessary for seamless
onboarding, it also serves as a single master
employee record that follows the employee
throughout their time at the organization.
For talent, having a centralized location for
the collection of information makes it easier
for them to apply for a job. This is especially
true if they can apply for the job using their
tablet or smartphone. Once on board, they
have a single master employee record that
can be updated easily whenever necessary.
5 MEGA-TRENDS OF THE
MODERN WORKFORCE
3www.AsureSoftware.com
A S U R E S O F T W A R E
#2 CORPORATE CULTURE
ENGAGES EMPLOYEES
Once the employee is on board, one of the
next challenges is keeping that employee
engaged. Here is where the organization’s
culture becomes extremely important. That
culture may be created in the C-suite, but it
lives in the HR department. That’s because
HR professionals maintain direct contact
with employees at every facet of their
relationship with the company.
But, what about the employees who are
members of the dispersed workforce?
They aren’t in the office hanging around
the watercooler and interacting with their
colleagues on a daily basis. This means
that they miss out on most of the overt and
subtle communications of the organization’s
culture. Consequently, even the most
carefully cultivated corporate culture is
slow to reach them. And, when it does
reach them, it’s a diluted version of what
employees in the office are experiencing.
Engaging these virtual employees requires
carefully crafted strategies. One of the
best ways to ensure that the organization’s
culture reaches all employees as equally as
possible is to make sure that every relevant
HR function is available to employees
no matter where they are located—in
the office, at home, or in a coffee shop.
This means empowering employees to
manage each of the administrative aspects
of their employment, including benefits
administration, within a single system that is
easy to access and use.
#3 THE GENERATIONAL
CHALLENGES OF
PERFORMANCE MANAGEMENT
Keeping employees engaged is one
thing. Managing their performance is
quite another. This is especially true for the
modern, multi-generational workforce.
Baby Boomers, aged between 53 and 71,
tend to be the most productive contributors
to their organization. They are hard workers
and good team players. However, they are
less collaborative than their Generation X
and Millennial counterparts. They are also
most accustomed to working a traditional 9
to 5 work schedule.
Members of Generation X, aged between
34 and 52, are the most educated group.
They tend to be more independent, more
entrepreneurial, and more skeptical than
other generations. Consequently, they aren’t
as likely to willingly affirm management
decisions.
Millennials, aged between 18 and 33, are
often described as having qualities that
are in many ways diametrically opposed
to those of Baby Boomers with regards
to social and work attitudes. Millennials
are responsible for demolishing the 9 to 5
workday norm. They are also heavily cause-
motivated. This means that they prefer to
work with an organization where the mission
statement and culture aligns with their
personal beliefs.
4www.AsureSoftware.com
A S U R E S O F T W A R E
While managing each age group’s
expectations may be difficult, understanding
each generation’s preferences, attitudes,
beliefs, strengths, and weaknesses can
help HR professionals attract, engage, and
manage each group with the success of the
organization in mind.
#4 DESIGNING WORKPLACE
REAL ESTATE FOR INCREASED
ENGAGEMENT
The physical layout of workplace real
estate, and amenities available in the
workplace, also have a major impact on
employee engagement and performance
management. When considering the
modern workforce, it all comes down to
flexibility—giving employees the option to
work in a variety of settings.
During times when it is important for
employees to collaborate, they should have
open spaces that facilitate one-on-one or
group conversations. For mobile employees
who are telecommuting and may be visiting
the office for the day or just a few hours, it is
important for them to have the space they
need to accomplish their planned tasks.
While it is true that open spaces continue
to be popular, some individuals prefer or
need more privacy to do their best work.
So, those preferences and needs must be
met through providing private workspaces
that protect those individuals from the
distractions inherent in open workspaces.
Regardless of the design of the workspace
and the amenities the organization provides,
the key to maximizing engagement
is aligning the workspace with the
organization’s culture.
#5 MAXIMIZING PROFITABILITY
WITH INTEGRATED HCM
How an organization manages its workforce
has a significant impact on profitability. In
general, there are two ways to maximize
profits. Your organization can eliminate
costs, or it can increase productivity. Having
a centralized HCM platform with all of the
employees’ data in one location helps
maximize profitability by both eliminating
costs and increasing productivity.
One of the most promising ways to
maximize profitability is through saving
as much administrative time as possible.
In the context of managing the modern
workforce, this means offloading routine HR
tasks onto employees. When employees
have self-service options available within
the organization’s HCM platform, they don’t
always have to ask the HR department
for help. Instead, employees can retrieve
their historical W-2 forms and paychecks
whenever they need them. They can also
access benefits information and handle
the administration of their benefits without
ever needing the assistance of an HR
professional.
Another way to maximize profitability is to
eliminate costs associated with time theft
with an automated time and attendance
solution. “Buddy punching” is a common
type of time theft in organizations that have
a large portion of hourly workers. It occurs
5www.AsureSoftware.com
A S U R E S O F T W A R E
when an employee “punches” the time
clock for a co-worker who is either late for
work or absent from work. The late or absent
worker benefits by receiving pay for work
they have not done. This represents a cost
to the organization. One way to combat
this form of fraudulent time entry is to use
biometric technology that is integrated into
the HCM platform. This technology correctly
identifies each individual employee and
eliminates their ability to clock in a
co-worker.
There are many ways to maximize
profitability within the domain of HCM.
These are just two examples of how self-
service and automation eliminate cost while
increasing productivity, thereby adding to
the ROI of the investment in an integrated
HCM platform solution.
ASURE SOFTWARE HELPS YOU
MANAGE YOUR MODERN
WORKFORCE
HR professionals are being asked to play a
more strategic role within their organization
than they have in the past. That’s because
senior management understands that
HR holds the key to the data that the
organization needs to move toward its goals
and measure its progress.
To be able to compete for top talent and
satisfy the ongoing needs of employees,
organizations must invest in the technology
that will empower their HR professionals
to do their jobs better and with greater
efficiency.
Whether your organization is taking its
first step toward automating HCM, or it is
seeking to add more capabilities, it needs
an integrated HCM platform. That’s because
an integrated HCM platform offers the
deep capabilities across a wide range of
functions without isolating employee data in
information silos. Management throughout
the organization can access real-time
data so they can more easily perform tasks
related to their function.
At Asure Software, we understand the
critical needs of HR professionals who spend
their days meeting the expectations of the
modern workforce. That’s why we have
developed an industry-leading, single-
database solution as a comprehensive
answer designed to help you focus on what
matters most: people, real estate, and
profits.

Contenu connexe

Similaire à 5 Mega- Trends of the modern workforce

Advantages of an intranet Advantages of an intranet
Advantages of an intranet Interact
858 vues55 diapositives
Big needs little budgetBig needs little budget
Big needs little budgetMike FuQua
69 vues5 diapositives

Similaire à 5 Mega- Trends of the modern workforce(20)

How Your HR Intranet Can Improve Employee RelationsHow Your HR Intranet Can Improve Employee Relations
How Your HR Intranet Can Improve Employee Relations
My Hub Intranet Solutions305 vues
Systems of Engagement WSR_Sept2015Systems of Engagement WSR_Sept2015
Systems of Engagement WSR_Sept2015
Erik Alvarado309 vues
It's Time to Reimagine WorkIt's Time to Reimagine Work
It's Time to Reimagine Work
Cornerstone OnDemand9.2K vues
Advantages of an intranet Advantages of an intranet
Advantages of an intranet
Interact 858 vues
Big needs little budgetBig needs little budget
Big needs little budget
Mike FuQua69 vues
HAATWORKHAATWORK
HAATWORK
Daniel Lagat133 vues
Workforce Now   Volume 4Workforce Now   Volume 4
Workforce Now Volume 4
wpawson899 vues
Leading Transformation from HRLeading Transformation from HR
Leading Transformation from HR
Kelly Services5.1K vues
ManagerHR factsheet for AfricaManagerHR factsheet for Africa
ManagerHR factsheet for Africa
Aequitas Information Technology Pvt. Ltd.176 vues
HR Trends 2020HR Trends 2020
HR Trends 2020
Celine George1.6K vues
Employee experienceEmployee experience
Employee experience
Trevor Hewitt861 vues
Hr tech trendsHr tech trends
Hr tech trends
Confidential502 vues
26 issues with hr  part 126 issues with hr  part 1
26 issues with hr part 1
Chetan Ahuja27 vues
What's Your Organization's Talent IQ?What's Your Organization's Talent IQ?
What's Your Organization's Talent IQ?
Cornerstone OnDemand5.2K vues

5 Mega- Trends of the modern workforce

  • 1. A S U R E S O F T W A R E www.AsureSoftware.com WHITE PAPER 5 MEGA-TRENDS OF THE MODERN WORKFORCE
  • 2. A S U R E S O F T W A R E 2www.AsureSoftware.com There is no question that the state of the workforce is changing. It’s not the same as it was a decade ago. Technology, economic forces, and employee demands for flexibility mean that organizations must adapt to new ways of attracting, engaging, and managing talent. Failing to adapt will almost certainly mean that your organization will lose a valuable competitive advantage in its market. #1 THE CHALLENGES OF ATTRACTING TOP TALENT While organizations must still deal with the traditional concerns that involve attracting top talent, such as competitive pay and benefit packages, there are more things that factor into the equation for members of the modern workforce. These individuals bring with them a growing list of expectations that revolve around the concepts of ease and flexibility relating to how, when, and where they work. They expect to work with modern technology that is easy to pick up and use with little or no training. They are increasingly mobile. So, they appreciate the ability to work outside of the office with the expectation that they can use their own mobile devices. And, they expect to be able to access their work-related documents and information at any time, and from any place, using their desktop, laptop, tablet, or smartphone. To be able to compete for top talent, and satisfy their ongoing needs, organizations must invest in technology that will empower their HR professionals to do their jobs better, and with greater efficiency. One of the many areas where technology can create efficiencies for both HR professionals and talent is applicant tracking. For HR professionals, working with a single- database system provides a centralized location for all of an organization’s workforce and HR management needs. Not only does this single database contain all the information necessary for seamless onboarding, it also serves as a single master employee record that follows the employee throughout their time at the organization. For talent, having a centralized location for the collection of information makes it easier for them to apply for a job. This is especially true if they can apply for the job using their tablet or smartphone. Once on board, they have a single master employee record that can be updated easily whenever necessary. 5 MEGA-TRENDS OF THE MODERN WORKFORCE
  • 3. 3www.AsureSoftware.com A S U R E S O F T W A R E #2 CORPORATE CULTURE ENGAGES EMPLOYEES Once the employee is on board, one of the next challenges is keeping that employee engaged. Here is where the organization’s culture becomes extremely important. That culture may be created in the C-suite, but it lives in the HR department. That’s because HR professionals maintain direct contact with employees at every facet of their relationship with the company. But, what about the employees who are members of the dispersed workforce? They aren’t in the office hanging around the watercooler and interacting with their colleagues on a daily basis. This means that they miss out on most of the overt and subtle communications of the organization’s culture. Consequently, even the most carefully cultivated corporate culture is slow to reach them. And, when it does reach them, it’s a diluted version of what employees in the office are experiencing. Engaging these virtual employees requires carefully crafted strategies. One of the best ways to ensure that the organization’s culture reaches all employees as equally as possible is to make sure that every relevant HR function is available to employees no matter where they are located—in the office, at home, or in a coffee shop. This means empowering employees to manage each of the administrative aspects of their employment, including benefits administration, within a single system that is easy to access and use. #3 THE GENERATIONAL CHALLENGES OF PERFORMANCE MANAGEMENT Keeping employees engaged is one thing. Managing their performance is quite another. This is especially true for the modern, multi-generational workforce. Baby Boomers, aged between 53 and 71, tend to be the most productive contributors to their organization. They are hard workers and good team players. However, they are less collaborative than their Generation X and Millennial counterparts. They are also most accustomed to working a traditional 9 to 5 work schedule. Members of Generation X, aged between 34 and 52, are the most educated group. They tend to be more independent, more entrepreneurial, and more skeptical than other generations. Consequently, they aren’t as likely to willingly affirm management decisions. Millennials, aged between 18 and 33, are often described as having qualities that are in many ways diametrically opposed to those of Baby Boomers with regards to social and work attitudes. Millennials are responsible for demolishing the 9 to 5 workday norm. They are also heavily cause- motivated. This means that they prefer to work with an organization where the mission statement and culture aligns with their personal beliefs.
  • 4. 4www.AsureSoftware.com A S U R E S O F T W A R E While managing each age group’s expectations may be difficult, understanding each generation’s preferences, attitudes, beliefs, strengths, and weaknesses can help HR professionals attract, engage, and manage each group with the success of the organization in mind. #4 DESIGNING WORKPLACE REAL ESTATE FOR INCREASED ENGAGEMENT The physical layout of workplace real estate, and amenities available in the workplace, also have a major impact on employee engagement and performance management. When considering the modern workforce, it all comes down to flexibility—giving employees the option to work in a variety of settings. During times when it is important for employees to collaborate, they should have open spaces that facilitate one-on-one or group conversations. For mobile employees who are telecommuting and may be visiting the office for the day or just a few hours, it is important for them to have the space they need to accomplish their planned tasks. While it is true that open spaces continue to be popular, some individuals prefer or need more privacy to do their best work. So, those preferences and needs must be met through providing private workspaces that protect those individuals from the distractions inherent in open workspaces. Regardless of the design of the workspace and the amenities the organization provides, the key to maximizing engagement is aligning the workspace with the organization’s culture. #5 MAXIMIZING PROFITABILITY WITH INTEGRATED HCM How an organization manages its workforce has a significant impact on profitability. In general, there are two ways to maximize profits. Your organization can eliminate costs, or it can increase productivity. Having a centralized HCM platform with all of the employees’ data in one location helps maximize profitability by both eliminating costs and increasing productivity. One of the most promising ways to maximize profitability is through saving as much administrative time as possible. In the context of managing the modern workforce, this means offloading routine HR tasks onto employees. When employees have self-service options available within the organization’s HCM platform, they don’t always have to ask the HR department for help. Instead, employees can retrieve their historical W-2 forms and paychecks whenever they need them. They can also access benefits information and handle the administration of their benefits without ever needing the assistance of an HR professional. Another way to maximize profitability is to eliminate costs associated with time theft with an automated time and attendance solution. “Buddy punching” is a common type of time theft in organizations that have a large portion of hourly workers. It occurs
  • 5. 5www.AsureSoftware.com A S U R E S O F T W A R E when an employee “punches” the time clock for a co-worker who is either late for work or absent from work. The late or absent worker benefits by receiving pay for work they have not done. This represents a cost to the organization. One way to combat this form of fraudulent time entry is to use biometric technology that is integrated into the HCM platform. This technology correctly identifies each individual employee and eliminates their ability to clock in a co-worker. There are many ways to maximize profitability within the domain of HCM. These are just two examples of how self- service and automation eliminate cost while increasing productivity, thereby adding to the ROI of the investment in an integrated HCM platform solution. ASURE SOFTWARE HELPS YOU MANAGE YOUR MODERN WORKFORCE HR professionals are being asked to play a more strategic role within their organization than they have in the past. That’s because senior management understands that HR holds the key to the data that the organization needs to move toward its goals and measure its progress. To be able to compete for top talent and satisfy the ongoing needs of employees, organizations must invest in the technology that will empower their HR professionals to do their jobs better and with greater efficiency. Whether your organization is taking its first step toward automating HCM, or it is seeking to add more capabilities, it needs an integrated HCM platform. That’s because an integrated HCM platform offers the deep capabilities across a wide range of functions without isolating employee data in information silos. Management throughout the organization can access real-time data so they can more easily perform tasks related to their function. At Asure Software, we understand the critical needs of HR professionals who spend their days meeting the expectations of the modern workforce. That’s why we have developed an industry-leading, single- database solution as a comprehensive answer designed to help you focus on what matters most: people, real estate, and profits.