We are at the beginnings of a new industrial revolution that will not only fundamentally transform most industries and businesses but will also have a wide-reaching impact on our careers. This new 4th industrial revolution will bring change and innovation at an unprecedented rate, fuelled by technological advancements like artificial intelligence, machine learning, big data, the internet of things and more.
Businesses need to be agile to react to rapidly changing technology and ways of doing business, so who they need on their team today might be drastically different to who they will need in even the very near future. This has led to a more flexible approach to workforce planning where businesses dynamically create teams with the talent they need for a period of time, often composed of a flexible internal workforce and contractors who come in for one project and then leave again. This gives businesses the flexibility they need to adapt to changing business needs, expand and contract as business dictates, and recruit individuals with the particular skill-set and technical know-how they require for a project. We often refer to this new environment as the gig economy and I believe we will see a shift from long-term employment to shorter-term more flexible gigs.