The “Megatrends” report published today by the CIPD (Chartered Institute of Personnel and Development) groups analysis of trends under three broad themes: the changing nature of work, the diverse and changing nature of the workforce and the changing nature of organisations and the workplace context and environment.
The report identifies seven long-term or ‘Megatrends’ that have shaped the labour market:
2. Increased educational attainment
3. Technology and globalisation
4. Demographic change
5. Changing employment relationship
6. Increased participation of women
7. Decline of collective institutions
So what does this mean for the future? Will these trends continue? Are they reversible, as was the trend for globalisation after the First World War? As the report identifies, recognising new trends, or breaks in existing ones, can be difficult to spot at the time and new forms of work may not even be measured in official statistics.
The report makes interesting reading and highlights and reinforces the need for organisational agility in responding to a changing environment. For HR this means having a central role in helping to shape the future through its impact on employer and employee behaviour for the benefit of business, economy and society.
Read the full report: cipd.co.uk/megatrends
18th July 2013