Happy New Year! 2020 brings with it not only a new year, but also a new decade of opportunities. For employers, the new year offers a fresh start to examine the emerging trends that can profoundly impact their operations and growth potential.
In fact, when it comes to workforce trends, an article by the recruiting firm Prospects finds several key areas for employers to focus on in the new year, from artificial intelligence and the employee experience to team development and mentorship, just to name a few.
- Artificial intelligence. According to Prospects, “Instead of focusing on what jobs robots can take over from us, companies must look into ways the two forces can work as one, which allows professionals to conduct their work more efficiently and productively. This would help accelerate the speed at which simple tasks can be completed and allow companies to streamline them, so that employees can focus on more complex projects.”
- The employee experience. According to Prospects, employers can enhance the employee experience with flexibility (such as work schedules and remote offices) to improve retention. “By integrating a people-centric culture and positive values,” the report states, “companies can expect to better recruit and retain the best talents in the job market.”
- Team development. According to researchers, “companies are looking to train employees to collaborate effectively with team members and learn to contribute to projects based on a group perspective … . This will help organizations to be more effective and productive in innovating and adapting to ever- evolving business landscapes.”
- Mentorship. According to Deloitte’s 2016 Millennial Survey, 68 percent of employees who intend to stay with their company for more than five years are twice as likely to have a mentor — a key trend to long- term retention.
In this edition of the Business Magazine, we’ll showcase the organizations that are successfully navigating the complex business world and celebrating milestone anniversaries in the new decade, such as PA Cyber, which is marking its 20th year with its graduating class of 2020. In this month’s Spotlight Q&A, we’ll also hear from J. Clarke Kuebler of the Erie Cemetery Association on the organization’s rich history as it marks 170 years.
Plus, don’t miss our special section dedicated to the Manufacturer & Business Association (MBA), which is celebrating its 115th anniversary, and its hundreds of members that are marking milestone anniversaries in 2020. These organizations are recognized for their longevity, leadership and entrepreneurial spirit as they move their operations forward. Congratulations!
To learn more about ways the MBA can help your business succeed, visit www.mbausa.org.