2018 – 2020 is trending to be revolutionary years for Human Resources Management in North America; resulting from new developments in Artificial Intelligence (AI), HR Transformation, Harassment, Diversity and Generational Inclusion, Working Virtual, Smart Office, the end Performance Appraisals, Pay Equity and People Analytics. In 2018 building your business’ experience on Facebook will become more important than ever. It will use Facebook to drive people to your website, instead of the other way around. Higher education is at a crossroads when it comes to career services and job placement. Institutions need to look for new ways to help students and graduates succeed beyond the classroom on a professional level.
Future trainers will be experts in their field, people will demand this. They will be expert not only at their subjects and skills but in being able to distil the internet and apply the learnings to people’s jobs. People will pay for expertise in the future not generalists. The internet will become next years’ generalist.
Investment idea: Companies that can provide these services in a cost effective manner; firms that can leverage technology to outsource these services to low cost countries. One feature of trends is duration. Every trend has a time span after which it becomes faded and stale. The length depends on how much traffic it generates online which is determined by comments and discussions about the issue.
When there is uncertainty or unpredictability in the environment, managers tend to focus almost all their energy on successfully executing the current strategy. What they also should be doing is preparing for an unknown future. Flexibility stems from the ability to learn; managers tend to overlook the negative and emphasize the positive. They need to understand not only what led to the positive outcomes but also what led to the negative ones. This will optimize their learning experience. According to Ford (2004) four points to foster and maintain adaptability include challenging complacency, giving all employees a voice, encouraging participative work and driving fear out of your group.
Established firms such as Amex, Citibank, and others can partner with groups such as the wired tech savvy Google Alumni who are not averse to risk and who own fledgling technology businesses that are reshaping the industry with a new wave of innovative products, write Spencer Ante and Kimberly Weisul of Business Week. Mobile Money Ventures is one such fledgling company that is a provider on the forefront of alternative financial service products. Small companies such as these are able to provide well-known financial firms the wherewithal to open in emerging markets where there is a need for cooperation with other firms in order to attain then obtain the local customer base.
Most customers begin their search on one device and make a purchase from another. If they see major alterations when they switch devices, it is going to put them off and possibly drive them away. That means you will have to keep everything, from product descriptions and searches to navigation, consistent and coherent, irrespective of the device and its platform.
Earlier decades of exceptional growth and capitalism at its best have now caused the market to adapt to tighter credit, growing government intervention, slowing pace of globalization, and no economic growth. With increasing regulations in the United States and decreasing availability of credit, the industry faces a significant risk of stunted growth. The global recession is also affecting the financial sector because of capital markets and decreased aggregate demand, according to Max von Bismarck, Director and Head of Investor Industries.
Trend 4: Technological connectivity will transform the way people live and interact. We are still in the early stages of this revolution. Geography is no longer the primary constraint to social and economic organization. As new developments in biotechnology and nanotechnology come forward, people throughout the world will find new ways to leverage their promise. More transformational than technology itself is the shift in behavior that it enables. We work not just globally but also instantaneously. We are forming communities and relationships in new ways (indeed, 12 percent of US newlyweds last year met online). More than two billion people now use cell phones. We send nine trillion e-mails a year. We do a billion Google searches a day, more than half in languages other than English. For perhaps the first time in history, geography is not the primary constraint on the limits of social and economic organization.
In 2018, design concepts and engineering for mobile devices will take precedence over desktops, notebooks, and other gear. While this won’t make headlines, cell phones and tablets have recently taken over as the choice equipment for online browsing. A fundamental in the coming year will be Mobile Performance (or digital experience optimization), so 2018 will see innovations to the functionality on cells and tablets. Things we’ve never seen before, on any medium.