For a more in-depth exploration of these topics, see McKinsey’s Insights on People & Organizational Performance. Learn more about McKinsey’s People & Organizational Performance consulting work—and check out job opportunities if you’re interested in working at McKinsey.When you think of the future of work, what do you picture? Offices that look more or less like today’s? Factories full of robots? Or something else entirely?
Another area where HR has an opportunity to continue to step up is in the realm of people analytics. Most companies have a lot of data about their talent, but are these being used effectively to drive performance? Not always. People analytics can help organizations separate signal from noise, for example, by understanding whether a given company has a problem with attrition and, if so, whether that’s in certain job families, locations, or for specific types of employees. Ingredients for success in people analytics generally fall into three big categories: data and data management, analytics capabilities, and operating models.
Different populations will have different needs, and understanding the issues for Black Americans, Latinos in America, Asian Americans, and LGBTQ+ and transgender employees (to take just a few examples) can help in crafting plans to make organizations more equitable and inclusive. The concept of intersectionality is also crucial: while many companies focus diversity efforts on broad groups (for example, women), if they fail to consider other identities that people in those groups have, their efforts may fall short of their full potential.
While there’s considerable nuance to any discussion of diversity, equity, and inclusion, organizations broaching the future of work can take three broad actions to keep the issues in view:
Addressing social and economic inequality will be crucial to sustainable, inclusive growth. And at work, ensuring that employees from all backgrounds can perform and thrive often involves dedicated efforts to improving diversity, equity, and inclusion. One statistic that brings the message home: up to 40 percent of GDP growth in the US economy between 1960 and 2010 can be attributed to an uptick in the participation of women and people of color in the labor force through improved talent allocation.
To map the future of work at the highest levels, the McKinsey Global Institute considers potential labor demand, the mix of occupations, and workforce skills that will be needed for those jobs. Our analysis looks at eight countries (China, France, Germany, India, Japan, Spain, the United Kingdom, and the United States) with diverse economic and labor market models, which together account for nearly half the world’s population and over 60 percent of its GDP.
It’s worth noting that more than half the workforce has little or no opportunity for remote work. For example, jobs that require on-site work or specialized machinery, such as conducting CT scans, need to be done in person. Of these jobs, many are low wage and are at risk from broader trends toward automation and digitization.
Our analysis of the potential for remote work to persist looked at 2,000 tasks used in roughly 800 jobs in eight focus countries. It showed that 20 to 25 percent of workforces in advanced economies could work from home in the range of three to five days a week—which is four to five times more remote work than pre-COVID-19.
Although HR was once considered a stodgy support function, it’s now poised to serve as a strategic partner to the business, as relevant to success as R&D, sales, or production. But fulfilling that role will require nothing less than a transformation of HR itself.Hybrid work setups, where some work happens on-site and some remotely, are likely to persist. And organizations will need to refine their operating models in response. To unlock sustainable performance and health in a hybrid world, organizations can build strength in five areas:Moreover, not all work that can be done remotely should be; for example, negotiations, brainstorming, and providing sensitive feedback are activities that may be less effective when done remotely. As senior McKinsey partner Bill Schaninger observes in an episode of the McKinsey Talks Talent podcast, “We were all amazed at how much we could do working fully remotely. However, it has started showing some withering of the ties that bind in the culture [and] the social connectivity.” The outlook for remote work, then, depends on the work environment, job, and the tasks at hand.COVID-19’s spread flattened the cultural and technological barriers standing in the way of remote work. The pandemic sparked a structural shift in where work takes place, at least for some people. But will it last?
While studies show that companies that make more efforts at diversity, equity, and inclusion perform better, challenges remain. Job losses during the pandemic disproportionately affected diverse populations, and some women opted out of the workforce given school closures, a lack of childcare options, or other factors.Organizations exploring the post-COVID-19 future of work will need to tailor their approach to their unique context. Balancing three symbiotic elements can provide a holistic understanding of the forces shaping the future of work:While no one can predict the future with absolute certainty, it’s clear that the world of work is changing, just as the world itself is. Looking ahead at how work will shift, along with trends affecting the workforce and workplaces, can help you or your organization prepare for what’s next.
The future of work was shifting even before COVID-19 upended lives and livelihoods. But the pandemic accelerated three broad trends that will continue to reshape work as the effects of the crisis recede:
Today, we can’t imagine our daily lives without electricity. It brings light to the dark, sets machines in motion, and is the foundation of the digital era. And it is conquering new territory — the field of electromobility, for instance, is a rising star.Open road — not stressful traffic: bikes are becoming intelligent and significantly more convenient — thanks to electrification — because cyclists using the Bosch eBike on-board computer on their tours stay very well informed. The computer is embedded in an AIoT ecosystem, enabling it to calculate your ETA with precision. It takes individual parameters (such as the type of e-bike) into account in the process and incorporates data from the cloud. The on-board computer uses this data to continually suggest the optimal route.
About 150 years ago, electricity was introduced to private homes and factory buildings. As early as the 18th century, politician and scientist Benjamin Franklin had proved that lightning isn’t a punishment from God, but rather an electrical phenomenon.
The growing need for electrical energy also poses challenges to the world. Putting a stop to climate change means investing in energy-saving solutions. Bosch development and production methods are already climate neutral. For example, Bosch uses an energy platform to manage and minimize machine energy consumption. Electricity drives us. It inspires us to constantly invent new things. It also confronts us with new challenges, such as climate change and the increasing global demand for energy. Energy-saving solutions are in demand, and sustainable electrification will become even more important in the future. One thing’s for sure: nothing works without electricity. Bosch is shaping the how with innovations for the sustainable power supply of the future and for technology that makes your everyday life easier and more energy efficient. You can visit our topic page to find out what’s behind our developments and how you can benefit from them. And you can also explore other technology that has been invented for our lives in the story about Bosch’s eBike technology. It makes bikes intelligent and significantly more convenient — and it makes cycling safer. Or read how groundbreaking innovations of Bosch’s eAxle enable cost-attractive and sustainable automobility. The compact powertrain for all-electric and hybrid vehicles now delivers noticeably more efficiency on the road. You’ll learn exciting facts about the history of electricity, in addition to many other examples of helpful technology for electrification. The initial misconception that it was the punishment of the gods turned into a promise, as well as motivation and inspiration — for Bosch, too. Commuting daily in your own car in an eco-friendly manner? This is made possible by the electrified powertrain from Bosch. The eAxle combines the electric motor, power electronics and transmission into a compact unit. In its latest generation, the eAxle sets the stage for the future of mobility. This is because the innovative solution from Bosch not only reduces the previous complexity of the electric powertrain. It also makes it cheaper to manufacture and more efficient on the road: With an efficiency of up to 96 percent, the range of electrified vehicles is extended substantially. Technological progress that has a noticeable impact on the driving experience.
The material in question is silicon carbide. Bosch uses the chemical compound of silicon and carbon for semiconductors in the automotive sector. This is because the innovative material allows the available energy to be used particularly efficiently. Silicon carbide plays out these advantages particularly in energy-intensive applications such as electromobility. Customers are now able to drive significantly further on one battery charge — around six percent on average compared with their silicon-only counterparts. Bosch uses silicon carbide chips, which are installed in cars worldwide, in its eAxle.
Bosch is electrifying motorsports in the area of Formula E championship racing. It’s the laboratory of electromobility — major brands and teams develop technologies in the global racing series that are later used in consumer model vehicles. That’s why Bosch partners with Formula E.
This truck is powered by Bosch fuel cell technology. In China, 70 of these trucks are being driven as part of an endurance test. There are good reasons for putting this fuel cell in the truck — most notably, for long-distance operation. The fuel cell generates the electricity for the drive motors. A truck with Bosch fuel cell technology and 11.7 kg of hydrogen can travel over 500 kilometers.An Animated Adaptation based on this film — Spaceballs: The Animated Series — was developed a couple of decades later; it languished in Development Hell for so long, only thirteen episodes were made. G4 eventually gained the rights, but due to said Development Hell, it ended up promoting the show before it was ready. The series didn’t air until a year later, and by that point, production had been axed before the first episode ever aired.