Best of X - Future of Work - 16.04.2018
Welcome to our blog! This is the first edition of our newsletter Best of X - Future of Work. Bi-weekly we send the most promising and interesting articles directly to your inbox. Interested?
What's hot in this edition? In less than two decades automation costs will be lower in US factories than in Africa, this is predicted to cause job losses. A.I. will transform the economy. By the end of the 2020s, automation may eliminate 20% to 25% of current jobs. Conferencing gets easier through new smart office trends. And agile companies are up to five times more likely than peers to become top performers. Enjoy your week!
We Are Here To Create Kai-Fu Lee, the founder of the Beijing-based Sinovation Ventures, is ranked #1 in technology in China by Forbes. He talks about his thoughts on the question why humans exist and new technologies: If we want to create, let’s create new types of jobs that people can be employed in. Let’s create new ways in which countries can work together. [Edge]
Labor 2030: The Collision of Demographics, Automation and Inequality
Demographics, automation and inequality have the potential to dramatically reshape our world in the 2020s and beyond. By the end of the 2020s, automation may eliminate 20% to 25% of current jobs, hitting middle- to low-income workers the hardest. We call the coming period of upheaval "the Great Transformation". [bain]
Why the Automation Boom Could be Followed by a Bust
Humanoid service robots, machine learning algorithms and autonomous logistics will replace millions of service workers in the coming decade. Experts are rushing to forecast the likely impact on jobs. But most projections overlook two powerful forces that will combine with automation to reshape the global economy by 2030: rapidly aging populations and rising inequality. [HarvardBusinessReview]
Robots and automation: How Africa is at risk
Within less than two decades it will be cheaper to operate robots in US factories than hire workers in Africa, a new report warns. Falling automation costs are predicted to cause job losses as manufacturers return to richer economies. [bbc]
A.I. Will Transform the Economy. But How Much, and How Soon?
There are basically three big questions about artificial intelligence and its impact on the economy: What can it do? Where is it headed? And how fast will it spread? Three new reports combine to suggest these answers. [NewYorkTime]
Boosting Performance Through Organization Design Agile companies are up to five times more likely than their peers to become top performers. They are also more likely to include the other elements, which is significant because a company that incorporates all six will benefit from a multiplier effect: its chance of becoming a top performer increases to more than 50%. [bcg]
Say Yes to Gamification Gamification is proving to be an effective tactic to help motivate employees and increase engagement. A dedicated workforce can be your greatest asset and — whether it’s because of lower employee turnover or increased productivity. [talentculture]
Hiring, honeybees, and human decision making Dozens of studies have shown that the choices we make over what we eat, how we save, and even how we vote can be affected by how those choices are presented: their choice architecture. [re:Work]
36 Ways To Hire, Develop, and Retain Great People
Brian Armstrong is Co-Founder and CEO at Coinbase. He made a list with 36 lessons he learned about hiring, developing and retaining talent. [Medium]
How to improve employee onboarding
This content hub explores why onboarding matters, what to incorporate into an onboarding process and how to onboard specific types of new hires. [HRzone]
3 Ways the 'Smart Office' will change the Future of Work A new trend toward the "smart office" is kicking in. It's about using tech to amp up workspaces so that they are more efficient and employee-friendly. This article contains three trends to watch as the smart office takes off. [ZDNet]
5 Ways to Boost Happiness at Work - and Increase Productivity in the Process Happy employees are more productive employees. Research shows that happiness boosts productivity in the workplace by as much as 20 percent. [idonethis]
Organizational health: A fast track to performance Companies that work on their health, we’ve found, not only achieve measurable improvements in their organizational well-being but demonstrate tangible performance gains in as little as 6 to 12 months. [McKinsey]