“Alison Maitland, a Senior Visiting Fellow at Cass Business School says that a revolution in work that will see many employees decide when, where and how they do their jobs could be as little as a decade away. “
The book comes off the back of overwhelming evidence that employees are more productive if they have greater autonomy over where, when and how they work
This could see the traditional 9-5 working day disappear and be replaced with a model that rewards people by performance and results, rather than hours worked and presence in the office.
The first is that it requires leadership from the top of the organisation. You also need to treat it as a business strategy. Then you have to measure people on performance and output.
People are held accountable for what they achieve rather than how much time they spend on a project or where they work
A study of 24,000 IBM staff worldwide found that those with flexible working could work an extra 19 hours a week before experiencing the same levels of stress and health issues as those without it.
n the Netherlands, Microsoft has designed its building near Schiphol airport for a world in which work is independent of time and location. Itâ€™s primarily made up of different spaces for meeting, with just a few stations for concentrated work.
“A faltering economy explains much of the job shortage in America, but advancing technology has sharply magnified the effect, more so than is generally understood, according to two researchers at the Massachusetts Institute of Technology. “
The authors are not the only ones recently to point to the job fallout from technology. In the current issue of the McKinsey Quarterly, W. Brian Arthur, an external professor at the Santa Fe Institute, warns that technology is quickly taking over service jobs, following the waves of automation of farm and factory work.
John Maynard Keynes warned of a â€œnew diseaseâ€ that he termed â€œtechnological unemployment,â€ the inability of the economy to create new jobs faster than jobs were lost to automation.
Faster, cheaper computers and increasingly clever software, the authors say, are giving machines capabilities that were once thought to be distinctively human, like understanding speech, translating from one language to another and recognizing patterns
Productivity growth in the last decade, at more than 2.5 percent, they observe, is higher than the 1970s, 1980s and even edges out the 1990s. Still the economy, they write, did not add to its total job count,
Yet computers, the authors say, tend to be narrow and literal-minded, good at assigned tasks but at a loss when a solution requires intuition and creativity â€” human traits. A partnership, they assert, is the path to job creation in the future.
â€œthe key to winning the race is not to compete against machines but to compete with machines.â€