Why you should care about workplace trends
2019 is in full swing, and that means it’s time again for businesses to revisit their strategy. Each year, new innovations and market changes force traditional workplaces to change and adapt accordingly. By staying up to date with the latest workplace trends, small businesses continue to stay ahead in an increasingly competitive marketplace.
We asked some of our clients what they predicted would make a major impact on the workplace, particularly for small businesses. Here’s what they said.
1. The end of the nine-to-five routine.
Modern employees are looking for a more flexible alternative to the traditional nine-to-five workday. It’s no longer uncommon to see employees taking 4-day work weeks, coming in later during the day, or even working from home. “While 9-5 may have made sense for factory life,” said Novel Coworking client and career coach Gina Marotta, “it is less realistic for humans whose work involves sharing their brain power and creativity.”
“Professionals often work better and stay happier and more balanced when they can spread out their work hours in a way that works best for their own natural rhythm and lifestyle.”
2. Shared offices and coworking spaces
As commercial real estate property values continue to skyrocket, coworking spaces will continue to provide a financial advantage for small businesses. Not only can coworking spaces provide all the same amenities and benefits of traditional office spaces, but they even offer some unique advantages over traditional offices, such as the promise of collaboration and unique networking events.
In 2019, expect coworking spaces to expand throughout other major metro areas, and for small businesses to eschew the traditional office building in favor of something more modern, open, and collaborative.
3. Gen Z workers entering the workforce
Time to make room for the next generation of workers. Gen Z covers anyone born between 1996 and 2010, and according to Bloomberg, Gen Z will comprise 32 percent of the global population, eclipsing millennials as the largest generation.
Gen Zers were born and raised on smartphones and social media. Compared to millennials, Gen Z is understood to be more self-aware, more able to naturally “create their own solutions.” Based on research by Nielsen, “Gen Z are bombarded with messages and are a generation that can quickly detect whether or not something is relevant to them.” Businesses will need to learn how to best adapt to this incoming generation.
4. Artificial intelligence to automate more work
As the Super Bowl LIII commercials made abundantly clear, robots and AI have become part of everyday life. Once considered a sci-fi pipe dream, artificial intelligence has become an important component of modern business.
AI is currently being used to help small businesses in a number of ways: from collecting and analyzing complex sets of data, to 24-hour customer service. McKinsey & Company estimates that AI has the potential to generate “$3.5 trillion and $5.8 trillion in value annually across nine business functions in 19 industries.”
5. Culture and benefits
Across all industries and businesses, workers are in search of companies with an engaging culture and work-life balance. Employees need reassurances that they are respected and that the company has noble values and goals. In a Glassdoor survey, 87 percent of employees “expect their employer to support them” in their work-life commitments.
Whether it’s creating a healthier work environment or adding valuable benefits like paid time off, small businesses that take the time to genuinely help and listen to their employees will see the change in their performance.
How to modernize your workplace
The workplace is almost like a second home for the people inside a company. Employees spend a majority of their waking life at work, either in the office or at a coworking space, so it’s important for companies to create an environment of acceptance and productivity.
Inspire your team members to take on some stress-relieving hobbies.
And get inspired to decorate your office.