The world of work is changing fast. Globalisation, Technology, Social Media, Big Data, Artificial Intelligence and the Internet of things all combining to produce constant change. And every business needs to change to survive and thrive. To become nimble, adaptive and agile and compete with those pesky disruptive start ups.
And today’s leaders will need to change with the times too – or be left behind. Shape their future or potentially become victims of an unwelcome destiny. Sink or Swim.
A Different Future of Work
Many leaders can see and sense how the world of work is changing but aren’t really sure what these changes mean, and how they are going to impact.
Boston Consulting Group have recently outlined the potential impact. They predict that by 2025, up to a quarter of jobs will be replaced by either smart software or robots, while a study from Oxford University has suggested that 35% of existing UK jobs are at risk of automation in the next 20 years
While occupations like leadership which require a high degree of social intelligence and negotiating skills are considerably less at risk, sophisticated algorithms will see robots or automation replace a high number of office and administrative support roles, particularly in legal and financial services. And fewer staff will need fewer leaders.
The leaders with a long term future are the ones that will focus on what the future will bring. As a good leader you need to utilise hindsight to understand where you have come from and inform where you’re going, but in this brave new world, what got you here won’t even enable you to remain here, much less get there.
The Future is Already Here
And the future is already here. The millennial workforce and consumers bring with them a new attitude about work, new expectations, a different set of values, and different approaches to how work should be done and services delivered. These are the people who have grown up with social and collaborative technologies and systems, are used to sharing and connecting with each other, and expect new technologies and approaches to be in place at a company they work for or receive services from.
The most valuable workers will insist on a culture within which personal growth and professional development are most likely to flourish.
And Digital transformation is the biggest worldwide business trend.
You need to adapt your leadership to these changes to stay relevant and make sure you’re indispensable.
Indispensable leaders will be those that attract and nurture new talent, build better teams, and create a competitive organisation by utilising all three of the key skills required. Hindsight, Insight and Foresight.
Learn How to Adapt
Becoming indispensable doesn’t mean getting rid of outdated leadership practices. It means reviewing how effective practices and ideas from the past can be updated to fit the world we work in today. As Darwin outlined, It is not the strongest or the most intelligent of the species that will survive, but the one most adaptable to change.
Shape your future before someone else does.