Future-proofing your business

David Cooney 06.03.2017

We had the opportunity recently to speak to a number of members around ‘future-proofing your business’, within the beautiful surroundings of the Waterford Chamber historical building.

Operations Director, Bryan Hyland provided an interesting presentation which gave us a lot of food for thought around leading and engaging with millennials in our workforce and the challenges therein. 

Bryan discussed the separation of work and life? Are they any longer separated? Many young professionals require a more engaging environment and quite often these are intrinsically linked. What motivates us, and what motivations are expected from our incoming generations! Our expectation of fulfilment in the workplace has never been higher. We expect more from our professional lives than generations past, and it is our job as employers and leaders to be aware of this among our colleagues. He explored 'What is work?  Is it where we go, or what we do?'

Technology is changing the face of business and ultimately altering how we work. A simple hand-held device holds our link to the entire world of business. Our offices are now in our pockets and we can operate remotely from anywhere. This must become part of our plans to ‘future-proof’ ensuring we are not only using technology to its best effect, but to also change our mind-set into how our staff can operate in this relatively new flexible working phenomenon.

Millennials...

  • 64% of them say it’s a priority for them to make the world a better place
  • 72% would like to be their own boss. But if they do have to work for a boss, 79% of them would want that boss to serve more as a coach or mentor
  • 88% prefer a collaborative work-culture rather than a competitive one
  • 74% want flexible work schedules
  • 88% want “work-life integration”, which isn't the same as work-life balance, since work and life now blend together inextricably

 

Takeaways from our session:

  • Get ready for the future of work 
  • Embrace technology for all of your business – go mobile 
  • Measure your employer brand and your culture 
  • Encourage diversity, workplace change and innovation 
  • Look at your assessment methods 
  • Don’t just attract the best, ensure they operate at their best 
  • Understand and be prepared to lead

 

As employers and leaders, the stats are undeniable, we are faced with many challenges to form fulfilling, flexible and trusting environments to allow us to occupy and form companies of the future. 

If you are looking to work in a new dynamic environment and want to discuss your career options, contact me for a confidential discussion. Alternatively if you are looking to future-proof your business, please feel free to contact me.

David Cooney's picture
Director
dcooney@morganmckinley.com