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Workplace of the future is (almost) all about me

Deloitte & AMP Capital report shows power shifting from institutions to individuals


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25 July 2013: New research from Deloitte and AMP Capital examines how the workplace of the future will be designed around individuals instead of institutions, and will operate like interconnected hubs, allowing people to select work spaces that suit their changing needs and wants. The findings come from the report, It’s (almost) all about me. Workplace 2030: Built for us, a report commissioned by AMP Capital and authored by Deloitte, which examines the future trends that will affect the workplace through anticipated changes in workers and work itself.

“One of the top ten questions global businesses are asking themselves is around the future of the workplace and what it will look like, according to the global Deloitte 2013 Human Capital Trends report”, said Juliet Bourke, Human Capital Partner at Deloitte.

The workplace of the future report examines the influence of eight mega trends that together will generate a powerful force that will reshape the world of work. They include: Demographic patterns; Empowered individuals; Global networks of knowledge; Resources crunch; Technology; Unstable and abrupt change; Prosperity; and Wealth. They tell a story about workers, work and the workplace of the future.

“We think that ideas will move between people, not institutions. In a borderless knowledge economy, powered by big data and global networks, insight will be the new currency and the concept that ‘time is money’ will be left behind. This means that organisations and workplaces will need and want to be different”, said Ms Bourke.

The findings of the It’s (almost) all about me. Workplace 2030: Built for us, reveal:

Workers will be...

  • More diverse and individually empowered
  • Highly valued for their connections across businesses, industries and the globe.

Work will be...

  • Less about time and more about insight through data and collaboration
  • More virtual and global.

Workplaces will...

  • Enable people to work in the cloud and have their feet on the ground
  • Be adapted to multiple needs and purposes
  • Be in multiple places, including vibrant precincts.

“Workers will be more empowered and more selective as workplaces become more adapted to meet workers’ needs”, said Ms Bourke. “The future worker will be different, with their needs reflecting a more diverse palate.

“This is likely to mean, given changes to technology, a greater variety of workspaces, including more use of the third space located somewhere in-between home, the office and customers or clients”, she added.

Key findings of the Deloitte/AMP Capital It’s (almost) all about me. Workplace 203 report:

  • Knowledge will know fewer boundaries due to developments in technology and connectivity
  • Workplaces will be nurturing, collaborative spaces that attract talent, not contain it
  • Time is no longer money ─ insight is the new currency
  • With the influence of demographic mega trends, the workforce will be, on average, older and more female in composition.

Additional findings come from The Connected Workplace ─ War for talent in the digital economy, a report launched last month by Deloitte Access Economics and commissioned by Google Australia, that found that people who are happy with their workplace IT are one-third less likely to leave their company than those who are unhappy.

Contacts

Name:
Juliet Bourke
Company:
Deloitte
Job Title:
Partner, Deloitte Consulting
Phone:
Tel: + 61 2 9322 7379
Email
julietbourke@deloitte.com.au
Name:
Jane Kneebone
Company:
Deloitte Australia
Job Title:
Corporate Affairs & Communications
Phone:
Tel: +61 3 9671 7389, Mobile: +61 416 148 845
Email
jakneebone@deloitte.com.au

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