Old organisational structures are increasingly irrelevant. ‘How things work’
mean Managers and Leaders must now focus on creating successful collaborations around projects. These are likely to involve multiple and diverse stakeholders from both inside and outside an organisation. So much is fluid and evolving. As the report notes,
‘People are rewarded for their skills and abilities, not their position’
Time to take control of your career
If you work for a corporate, the days of just passing a job interview and then being promoted steadily over time are probably gone (except in the public sector, which resists such realities). If you want to get ahead in this new reality, you must actively shape your career.
The same report cites US research that shows how far and fast things are changing:
While 33% of companies promote vertical career moves, 67% now promote horizontal or project-based career progression
83% of companies expect to have an “open” or “highly flexible” career model within the next 3-5 years
31% of companies expect careers to be 3-5 years long
60% expect them to be 10 years or less
How should you respond
The writing is clearly on the wall. The boundaries between full time employee, project worker and consultant are blurring. To compete, businesses need to be agile. Part of this is the ability to scale and contract in response to the market, so flexibility of staffing is critical.
At the same time, with the trend to shorter periods of employment, organisations may be less inclined to carry the cost of training and development. Easier and cheaper to hire in what they need when they need it. Both trends have massive implications for employees.
Here are some ideas on what you need to change (particularly if you have only ever been an employee).
Understand that the game has changed
As I have sketched here, this is a significant and enduring shift. Don’t be fooled by low current unemployment stats. Multiple forces are at work (AI, robotisation, globalisation…..) that threaten the traditional employee role - and therefore your future success and happiness! Now is the time to take control and create the options that will position you on the right side of the shift.
Build your influence
It’s essential to stand out. Check out Why Influence begins with Self-Leadership
and Why Humanity is your Point of Difference
and view my free online Building Your Influence Tutorial
You HAVE to add this capability. It amplifies everything else you do.
Think like an entrepreneur
Fundamentally, we all now need to think like self-employed entrepreneurs. You need to treat your careers as your business and plan accordingly. Relying on an employer to look after you from cradle to grave is a shit strategy. Think Ostrich, Head, Sand!
The Deloitte report also examines the speed at which knowledge is becoming outdated. You need to constantly be looking out for what’s NEXT in your world and making sure you are across the ‘hot’ skills. Do that, and you’ll be in pole position for the best projects and promotions.
Build a support network that is bigger than your company
A big part of the Influencer equation is investing time and energy in actively building a network that will support, promote and reward you. So look beyond immediate contacts to the broader market. Seek out experts who are promoters, financial experts, connectors, mentors, entrepreneurs. You will need these and more to help you move smoothly through the multiple reinventions that we will all need to make.
We are in the middle of a change every bit as profound as earlier ‘revolutions’. It’s a vibrant, exciting time, full of challenges, for sure, but also extraordinary opportunities. For those who can see what’s really going on and have the courage to adapt and have a crack - the future is amazing.