Staying on top of trends and changes that can affect your company and job is key to your success. Your approaches and plans must evolve as the world around you does, or you risk getting left behind.
We’ve talked about what’s ahead for global mobility in 2016, and that information can be very helpful as you plan for your year ahead. But have you thought about the specific changes taking place in your workplace, and how those could affect your global mobility plans?
Brighton School of Business and Management has created The Biggest Workplace Trends for 2016 infographic, which is full of helpful information on a variety of workplace trends you’ll see this year. Let’s look at some of those in detail and think about what they could mean for employee relocation and global mobility.
1. Generational Shift of Employees
The number of millennial employees is rising as the number of baby boomers is falling. Additionally, a whole new generation is entering the workforce this year – Generation Z. It’s natural that as different generations of employees move in and out of your office, you’ll need to react to their unique needs and wants.
Millennials definitely have different preferences when it comes to both their relocation benefits and the day-to-day job. According to the infographic, more than one in four millennials will become managers this year. It’s more important than ever to make sure you’re providing relocation benefits in line with their preferences as they move up the corporate ladder.
As Generation Z begins working, it will be interesting to see how they differ from those ahead of them. While many characteristics will align with those of Millennials, there are sure to be differences as well. This group will rely even more heavily on technology in their day-to-day lives and in the office, which leads us to…
The infographic looks specifically at wearable technology and its growing role in business, driven by Generation Z and Millennials. The use of such tools as well as the always important mobile device will rise, and you should make sure you’re ready. Do your global travelers and assignees have easy access to mobility information via technology? Are you using that technology to help track them and make your job easier as well?
If you want to know more about how wearable and other types of technology are already being used (and their predicted growth) for global mobility, check out The Ultimate Guide to What Companies Need from Global Mobility Technology Tools. The guide can give you insight into how your company compares with others in the adoption of these helpful tools.
3. Workplace Flexibility
We know the newer generations in the workplace value technology, but they also place a premium of flexibility of all types. Whether that flexibility refers to options in their relocation benefits or in their workplace, this buzzword isn’t dying down.
“More employees are willing to either switch jobs, or stay at their current job, based on their flexibility programs. These include telecommuting, co-working spaces and new technology tools,” says the infographic. It also notes that the sharing economy is on the rise, with more employees choosing freelance jobs.
What could this mean for global mobility? It may make more sense for some employees to telecommute rather than relocate for a job change. The employee may be happier and more productive, and your company could save relocation dollars or reallocate them to other assignments where a relocation is essential.
It also means that the competition for talent continues to increase, especially if you’re looking for full-time, non-freelance employees. Keeping your global mobility program fine-tuned and primed to help you win that talent should be a top priority.
Need a hand with that? Lexicon is dedicated to staying on top of these types of trends and helping our customers change with the times. Contact us now to get us on your team!