Will These Business Trends Impact You and Your Business?

Flexibility. Contract hiring. Co-working spaces. Less email. No more strict working hours… 2017 is proving to be a year where businesses are rapidly adapting to change and tapping into the “global talent pool” in an effort to boost, or at least stay relevant, in business.

Whether you’re in business for yourself, or you work for a large corporation, it’s important to recognize changing business trends that might impact your employees or affect your business, either directly or indirectly. A recent (April 2017) Inc.com report cites these two impactful trends as an explanation for “the shift toward co-working” that’s happening in business right now:

Gig-economy: Increase in freelance, independent and temporary workers, and corporations relying more heavily on contractors and independent workers.

Remote flexibility: More employers allowing employees to work from alternate locations.

In fact, in business today, more people are working remotely than ever before. The previously mentioned Inc.com report also says, “An uptick in gig-type occupations, co-working spaces have emerged as a popular and cost-effective option for businesses and the part-time, full-time and contract workers they employ… the number of co-working spaces worldwide has increased by 1,000 percent in the last five years.”

Another important business trend that’s happening right now is the rapidly changing workforce. “The American work force has never been more diverse, with generations spanning from Baby Boomers to Gen X-ers and beyond. In recent years, however, Millennials (adults aged 19 to 35) have driven the biggest transformation in workplace dynamics,” according to another Inc.com report. Additionally, the article says the Millennials will “eliminate” the following business practices/trends in the very near future:

Email will no longer be a business’ primary internal communication tool.

Closed office space designs will become “extinct,” being replaced by open, collaborative workspaces.

You can say “Goodbye!” to the 9-5 workday. (We wrote about this last year in a previous post on our blog.)

At IOP Communications, we’ll continue to stay on top of the latest business trends, and we’ll keep you posted right here on our blog. Stay tuned! But, in the meantime, if you’d like to talk to us about any of these trends, or if you’re looking for some guidance and strategies to help you keep your business relevant in these changing times, give us a call at 732-758-6280 or send an email to info@iopcomm.com. We’d be happy to chat with you!