Tech Accelerates

From Digitization to Digital Adoption The Tech Revolution has Gathered Incredible Pace Investment in digitization accelerated as a result of the pandemic, and consumers and employees alike expect it to make the way they live and work easier. There is new urgency for organizations to upskill their people so they can translate data into insights, make data-driven decisions and combine the best of human and machine learning for new value creation. Source: World Economic Forum Future of Jobs Report 2020

^{Tech Accelerates | What Workers Want | Talent Scarcity | Companies Reset}

TREND #11

^{Tech Accelerates | What Workers Want | Talent Scarcity | Companies Reset}

HUMAN VS. ROBOT – HYPERCONNECTING HUMAN STRENGTHS

As every aspect of life becomes more tech enabled, we must strengthen the connection people have with work and colleagues for improved productivity and creativity.

Machine learning and workforce data will enable prediction of potential performance, matching of individuals to ideal opportunities and will help people know themselves better than they ever did.

Intelligent machines and AI will enable people to specialize in human strengths – in empathy and honesty, judgement and creativity, coaching, compassion and more.

1 in 3 organizations plan to invest more in AI technology including machine learning over the next year.

^{Source: ManpowerGroup Employment Outlook Survey, Q1 2022}

TREND #12

^{Tech Accelerates | What Workers Want | Talent Scarcity | Companies Reset}

CLOSING THE CHASM – FROM DIGITIZATION TO ADOPTION AT SPEED

Advanced technologies are increasingly impacting how companies transform business models, enhance customer and employee experiences and become more data-driven.

But investing in and even deploying technology and innovation is the easy part. Digital-led transformation alone is no differentiator.

Human capabilities and having the right culture enterprise-wide to execute are key to tech adoption, speedy ROI and continuous transformation. All essential to lead to new value creation opportunities.

1 in 5 organizations globally are having trouble finding skilled tech talent including, IT project managers, software developers, cybersecurity analysts and AI and machine learning specialists.

1 in 5 organizations globally are having
trouble finding skilled tech talent including,
IT project managers, software developers,
cybersecurity analysts and AI and machine
learning specialists.

^{Source: ManpowerGroup Employment Outlook Survey, Q1 2022}

TREND #13

^{Tech Accelerates | What Workers Want | Talent Scarcity | Companies Reset}

NEW DAWN OF SUSTAINABLE TECH

Using technology to reduce emissions, transform supply chains and nudge behavior. As tech giants compete to be the first to open up the metaverse the blending of the digital and physical worlds will emerge as one of the most important new trends, creating new opportunities to reimagine hybrid meeting and working with less environmental impact.

1 in 3 organizations plan to build out internal capabilities in e-commerce and digital trade platforms, big data analytics, cloud computing and IoT.

1 in 3 organizations plan to build out
internal capabilities in e-commerce
and digital trade platforms, big data
analytics, cloud computing and IoT.

^{Source: ManpowerGroup Employment Outlook Survey, Q1 2022}

TREND #14

^{Tech Accelerates | What Workers Want | Talent Scarcity | Companies Reset}

USING AI TO INCREASE DIVERSITY AND REDUCE INEQUITIES

An increase in understanding of neurodiversity means artificial intelligence must have in-built benevolence filter in diverse talent, not filter out the atypical. Organizations will recognize value of the machine learning match and predictive performance so we can help people know themselves better than they know themselves, charting a pathway of employability, equity and increasing prosperity.

Despite increased investment in AI technologies across industries, 1 in 5 organizations cannot find enough AI and machine learning specialists for roles that require these skills.

^{Source: ManpowerGroup MEOS Q1 2022 Survey}

TREND #15

^{Tech Accelerates | What Workers Want | Talent Scarcity | Companies Reset}

WIN-WIN = WHEN WAGE GAINS ARE PAID FOR BY PRODUCTIVITY GROWTH

Organizations seek to balance higher wages with productivity growth. And policy makers prefer this dynamic because there are no current or latent inflationary pressures as the potential of the economy expands. Technology will unlock producing more with existing inputs or producing the same with fewer inputs.

IT (23%) and Manufacturing (21%) roles
will see the most significant headcount
changes due to more tech investments.

^{Source: ManpowerGroup Employment Outlook Survey, Q1 2022}

TREND #16

^{Tech Accelerates | What Workers Want | Talent Scarcity | Companies Reset}

SMART PEOPLE ANALYTICS WILL ENABLE DATA-FIRST DECISIONS

Providing a seamless and scalable digital experience for employees will require changes in technology infrastructure, management practices and employee and customer engagement models. Workforce and talent data/analytics will be front and center in leveraging data and analytics to identify match for a role and predict potential performance. Employers will have even more data to manage and draw insight from as increased employee led data sharing and aggregation from data lakes accelerates.

76% of organizations with more than 100 employees rely on assessment tools such as aptitude and personality tests for external hiring.

76% of organizations with more than
100 employees rely on assessment
tools such as aptitude and personality
tests for external hiring.

^{Source: Harvard Business Review, Ace the Assessment}