The Future of Work: Creating a Culture of Collaborative Innovation

Monday, October 19, 2015

We’re on the brink of significant generational transition in the workforce, as the Baby Boomers (born 1946-64) who make up a quarter of today’s workforce and hold a lot of the leadership roles are reaching retirement age and will be just 8% of the workforce in a decade’s time. 

At the other end of the spectrum, as the Baby Boomers are phasing out of the workplace, the most materially endowed, technologically literate, formally educated, globally connected generation to ever grace the planet enter the workforce – Generation Z. 

Generation Z, born 1995-2009, make up 18% of our population, 9% of the workforce but in a decade’s time will make up 31% of the workforce.

Whilst they will spend 14,000 hours in face to face classes in their schooling and for a degree, they’ll spend 6 times this in the workforce – an estimated 84,000 hours.  But what will the future of work look like?

Generation Z bring new approaches to work, problem solving, innovation and collaboration.  They have been born into an era of unprecedented change – this will be reflected in their approach to their careers. Today’s annual turnover rate is 15% per annum which equates to people staying in their roles for approximately 3 years 4 months. Projected over the lifetime of a school leaver today it is estimated they will have 17 jobs across 5 careers in their lifetime. 

social trends transforming the future of work

The Intergenerational Report by the Australian Government outlines three major social trends which will transform the future of work as we know it- population, participation and productivity.

population

Australia’s population is growing at 1.4% per annum, and we will reach 24 million people by the end of 2015.  We have doubled both our national and our global population since 1966.

However our population is not only growing but also ageing.  Our population pyramids visually communicate our growth – in 1985 it was a pyramid as there were more younger people than older people, however today it is becoming more rectangular and demonstrates how we are on the brink of massive ageing.   As we project to 2045 our population pyramid will start to become inverted as we will have more people aged over 60 than under 18 for the first time.

There are not only more older people but we are living longer than ever before, having added 10 years of life expectancy in the last four decades.

Our population is also changing, and we are more culturally diverse than ever before with 58% of Australia’s growth attributed to net overseas migration. We are increasingly generationally diverse with six generations represented in our communities today. 

PARTICIPATIon 

In the years ahead we will see the female workplace participation rate continue to increase.  And we will be working later in life with the retirement age being pushed back. Even so, because of the impact of the aging population our workforce participation rate will actually decline, with today’s participation rate at 65.1% projected to decline to 62.4% in 2055.

The ratio of Australians in the workplace to retirees is also radically changing.  In 1975, there were 15 people of working age (aged 15-64) for every couple of retirement age (aged 65+).  Today there are just 9 people of working age for every couple of retirement age, and by 2055 it is projected to be just 5.4 people of traditional working age for every couple of retirement age. 

Productivity

Due to the declining ratio of people of working age to those in retirement, there is going to be a greater need for productivity from the labour force.  The workforce of the future will need to do more with less.  This final defining social trend, productivity, is the only one not based on demographic realities.  

The Intergenerational Report outlines that for every hour an Australian works today, twice as many goods and services are produced as they were in the early 1970s. One of the contributors to this is technology which has enabled greater efficiencies. 

the future of work

It is not just technology which has increased productivity outcomes over the years.  Productivity is maximised by people and organisations who can innovate, and communities who can collaborate.  Effectiveness, innovation, productivity comes when it is in the hands of people who can see solutions, generate ideas, solve problems and facilitate innovations. 

Technology, innovation & collaboration 

Sectors have been transformed where there’s the intersection of technologies with innovation and collaboration. 

For example, AirBnB has challenged the traditional approach to accommodation solutions.   Their innovative approach to accommodation has been released to the collaborative power of the community to become accommodation providers, and has been leveraged through the technology platforms.   

Similarly, the network transportation company Uber has transformed the approach to transportation.  Launched internationally in 2012, Uber is in 58 countries, worth an estimated $50 billion yet doesn’t own one car.  An innovative approach, released to the collaborative community, leveraged through technology. 

Cancer Research UK provides another creative example of this.  They created a computer game Play to Cure: Genes in Space’. By playing it you analyse significant amounts of genetic data which would have taken scientists hours to do and can help beat cancer sooner. Leveraging technologies, fostering innovation and embracing collaboration.

effective leaders of the future

The effective leaders of the future will not be those necessarily with the most developed skill set but those who can effectively create a culture of collaborative innovation. 

Traditional leadership models have been based on position, hierarchy, command and control.  Whilst leadership remains essential, the styles of leadership the emerging generations respond best to are those that foster a context for them to connect, create and contribute. 

A workplace culture of collaborative innovation is inclusive of a multicultural, multigenerational, multigifted community – it draws on the strengths of the diversity through positioning people in contexts which foster growth, innovation and collaboration.

creating a culture of collaborative innovation

A culture of collaborative innovation requires focusing on the people not just the process. On shaping a team not just spending on technologies. It requires building on a foundation of shared values such as humility, respect and honesty.  It’s where leaders create autonomy supported inclusive multigenerational workplaces. 

Productivity and outcomes are important.  Essential in fact.  But perhaps as we shift our focus from process to people, from transactional to transformation leadership, and create vibrant, healthy, dynamic workplace communities – the productivity, innovation and output is likely to be greater than ever and flow simply as by-product - of people investing the 84,000 hours of their working lives in a rewarding way and in a thriving culture of collaborative innovation.


Find out more

Welcome to our blog...

We have a passion for research that tells a story, that can be presented visually, that brings about change and improves organisations. And we hope these resources help you know the times.

Our Social Media Sites

Facebook | McCrindle Research Social Media YouTube | McCrindle Research Social Media Twitter | McCrindle Research Social Media Flickr | McCrindle Research Social Media Pinterest | McCrindle Research Social Media Google Plus | McCrindle Research Social Media LinkedIn | McCrindle Research Social Media Mark McCrindle Slideshare


Last 150 Articles


Tags

mentor living rich researcher men friendship Australian Families media release TAS year 12 Crime Rates millennials study student public speaking socialites long weekend world youth day families equip school professional development faux-ciliser social researchers rising house prices skills infographic Financial Planning Association of Australia know the times REIV National Conference bondi research data builders generation alpha faux-cilising national crime rates women ACF Northern beaches Event Births investor Channel Seven not for profit public holiday aussie culture social change religion couple monarchy leader vegemite apartment 1975 recap Australians christianity Financial Planning Week research future of work intern winter blues world divorce school students baby boomers brands NT business cars innovative hopes media activity mover and shaker Generation X earnings ABS social impact leadership australians staying home more Wodonga weekly earnings mccrindle tea trends of 2016 wealth moreton bay global financial crisis potts point youth unemployment christmas personalities celebration facts mining boom participants community engagement resource faux-cilise meals rule keeper learn Scouts pyrmont social research unemployment panel conference presentation results brand states sunny days Melbourne Royals Duchess of Cambridge System's Architect mccrindle in the media millionth collaborative typical australian communities land of the middle class property owning a home greatness Deaths daily telegraph finance social analysis 10 years jobs google for education New South Wales spend The ABC of XYZ resilience baby names group session households visual 2012 relational January 26th fears collaboration selfie learner waverton optus my business awards wealth and income distribution university degree staying in list low density wedding organisations Geoff Brailey capital cities in depth interviews happiness Northern Beaches Christian School parenting trend tuesday domestic sector wide study Canberra repayments housing market sector wide survey eliane miles Kirsten Brewer Australian Trends schools students dessert motivate housing growth Tasmania baby gen alpha professional speaker 2020 lifestyle DIY commute Financial Planning Association growing population 1994 Australian schools geomapping affordability alpha prince george 2015 Australian Bureau of Statistics Christmas presents suburb holidays princess charlotte education social media internet earn hills shire 24,000,000 economic marrickville educated McCrindle Speakers product manly millenials fresh statistics schools parents home owner google capital city Mark McCrindle population growth case study Tuesday Trend future proof 23 million ease of travel responsive sydneycity program ipswich income entrepreneurial marriage 1968 darwin wealth and income environment teaching sustainable communications Bathburst marriages state consumer research visualisation salary The Daily Edition huffington post 2014 wages future friends professional focus group Charlotte Queensland marketing increasing densification national private wealth JOMO future of education Netflix grandparents household woolworths clothing Sydney keynote speaker national wealth Aussies students Australian Census internship gen z mateship university visualisation wealth distribution blaxland NEETs events personal growth work-life mortgage deloitte ultimo career conference online experience group consumerism australian communities forum going out February 16 Education Future Forum optimistic financial future Adelaide South Australia technology overcast VIC EFF relevant digital work unaffordable property market middle class megatrends brisbane local communities village housing affordability property price Merry Christmas daily commute Assistant Store Manager goals future-proof sunburnt country cartodb population milestone moderators guide Aussie demographic house prices socialising poker master high school online shopping Real Estate graphs TDE trends analyst school satisfaction Wagga Wagga baby name trends demographer not-for-profit global generations HSC high density living Australian demographics house price cancel plans Territory challenge census local business index shopper's pick emerging trends dreaming house networking coffee generational trends "know the times" goal WA tuesday crows nest cancelling event Generation Y cancelling plans slideshare toys non profit trends Social Trend twentyseventeen hobart Australia Day 2017 cold baby boom communicate neutral bay teacher charity area Real Estate Institute of Victoria shifts rental stress social lives mother's day population media commentary shbc child care average aussie renter of the future survey design high density outsourcing 2017 social trends tips proactive stats market research gold coast sydney speaker analysis insight buildings keynote speaker demographics economy Gen X future proofing GPO communication post rationalism financial royal growth follow Myth FOMO dream eliane tattoos priorities logan demographic trends Australian communities young australians education future report workshop divorce rate 40 million royal family housing trends IT Specialists staff insights perth Word Up holiday customer award Gen Y omnibus annual income tertiary education Valentine’s Day housing learning sentiments social life litter winter Hornsby Shire Council children Channel 7 demographic transformations New Zealand tableau cooking balance Tuesday Trends newspaper baby name employers social researcher identity volunteers high density apartments Kiwi cultural diversity cloudy days ACT small business language Christmas lunch crime easter suburban living presentation vegetarian anzac lalor park thought leadership education future snapshot dare to dream tv population map innovation weather rent debate summer 2016 REIV Conference generation seasons australian social research budget tea interactive poor workplace Sydney Population Clock ageing population qualitative research paying to work sports global FPA offenders ethnography baby name predictions entrepreneur wellbeing australia keynote speakers media retirement data analyst royal baby work mates teach in the media community Res Vis gender presentations data sydneysiders workforce safe rise of local city teleworking suburbs engage the changing face of transport financial dreams Australian Home mythbusting engagement publication sun affordable sydney event Northern Beaches debt investment 24 million education research CBD residents event urban taskforce Christchurch etiquette plans optus urban emerging technologies Northern Territory urban living social trends of 2017 mobile church careers government stay home cost of living nfp energy learning styles define forecasting life Queensland: QLD futurist New Zeland social commentary society change social shifts workplace culture data visualisation authenticity entrepreneurs of today NSW Do It Yourself video Research Executive DESTEL youth internships generation Z SA community event English easy rider research pack jobs of the future social commentator cash year 7 ashley fell brand experience emerging generations report culture society trends Australian Communities Trends water PSI environmental scanning names Caregiver victoria thrive conference speaker educhat training young people home Wellington social enquiry quote food australian communities trends report click politics hello fresh mccrindle research curiosity teachers Australian Dream education sector mythbusters kate middleton home ownership narcissism urban living index wolloomooloo forum mccrindle cost father's day Western Australia ashley mckenzie Love shopping real townhouses hornsby 2013 World Water Day rain renting 1980 ideas new york times entertainment menai sector employment acf15 ACF 2016 news financial independence royal influence leadership workshop Australia Day research services Christmas season family criminal organisational culture Engineering Manager trend generations focus groups

Archive