Traditional Employment Models Near Sell-By Date
Deloitte research has identified some major shifts in the way we work. New technology, an ageing workforce, a new generation of leaders, globalisation and greater mobility will have a significant impact on the way we work. Ironically, as the workplace becomes increasingly digital and automated, people and their skills will matter more than ever, as those without the right people or skills will find it increasingly difficult to compete.
“We are seeing a shift towards a skills-based on-demand economy. To innovate, compete and survive, businesses will need access to the right skills at the right time. This is why we have seen the emergence of service marketplaces for global freelancers for off-site, small-project virtual work. These platforms provide a global network of contractors offering businesses the opportunity to outsource work, often at a lower cost, without the costly overheads of permanently hiring that person for specific tasks,” says Wawrick Kirby of Nvoi.
“This model is also increasingly gaining favour amongst employees, as the nature of work arrangements steadily transition away from permanent work. In addition, Deloitte’s research suggests employees are expecting to move around more, with 60 per cent expecting to change to a different industry, different role or both in the next 10 years. These platforms enable employees to meet their need to ‘move around’ more, albeit virtually.
“However, while there has been significant growth in the off-site virtual workforce, the on-site workplace has become increasingly important to businesses, but with a different mix between permanent and contingent onsite workers, even as we move towards a more digital and automated labour force.
“In Australia, research already suggests those businesses that foster collaboration in their workplace are 70 per cent more innovative than those that do not. This is due to the fact productivity, creativity and innovation are all stimulated and increased at an exponential rate when employees are in close proximity with one another.
“The ideal solution for businesses looking to succeed in this shifting landscape is to have an on-demand, on-site, skills-based workforce. Businesses are now reimagining how to find, attract, contract and manage the mix of permanent and contingent workers.
“Success in this new age demands new ways of thinking, especially when it comes to Australian talent. Traditional employment models are nearing their sell-by date, confirmed by the growth of the disruptive, new marketplaces for contingent talent and management systems, like Nvoi. Nvoi has gone beyond the virtual workforce and brought the on-demand marketplace model to the massive contingent on-site workforce
“To future proof our workforce, businesses should look towards a more flexible, agile and innovative on-demand, on-site skills based workforce, where people will showcase their skills to those that need them, and create a competency-based, personalised, lifelong learning model – one that can rapidly evolve to the changing needs of business.”