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The Buzz on Bumble Bizz: Networking with a Feminist Twist

Dating apps made quite the splash after Tinder first hit the app store in 2012. People were swiping right around the globe, making matches and meeting exciting new dating prospects. But it didn’t[...]

January 16, 2019

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The Future of Talent - Shaped By Diversity and Today's Millennials

he crystal ball may be a mirror

As we push ourselves to adapt to tomorrow’s needs and to resculpt our business models, we also rewind. It’s a bit of a time paradox where the old adage rings true: history is cyclical. So who are the workers of the future? According to the U.S. Department of Labor, “many of them will be older versions of ourselves.”

• Over half the population of 2030 are alive today.
• In the next 50 years the U.S. population is estimated to grow by nearly 50 percent, from about 275 million in the year 2000 to 394 million by 2050.
• Over 96 million Americans will be under the age of 17 in 2050, while the elderly will grow to represent 20 percent of the population, particularly as life expectancy is presumed to rise from 76 years to 82 years.

This article is an excerpt from our eBook "The Future of Talent in the Contingent Workforce". If you want to learn more on this topic, then please download our eBook.

This demographic phenomenon is not exclusively relegated to the United States – according to the United Nations, the median age in the developing world will also increase globally. Around the word, the median age of workers in developed nations will be an unprecedented 50 years. And in the developing world, the median age will climb to 35 years.

• Immigration is a huge factor in future population density: the government expects 820,000 immigrants to arrive annually in the United States, and two out of three, or about 67 percent, will have reached working age when they land.
• By 2050, immigration will have contributed to a population increase of 80 million people.

Rise of Generations Y and Z

At 77 million strong, Millennials represent 24 percent of the total U.S. population. They spawned the social media movement and will continue to drive its evolution into the future; in fact, they are the architects responsible for laying the groundwork that will become the world of tomorrow. Their independence and entrepreneurial spirit will infuse every aspect of the look and feel of tomorrow’s workforce. The values they hold dear will be instilled in their children and grandchildren. So the future of talent will be shaped and guided by the principles Millennials espouse and promote.

Millennials lack the same attachment to the idea of a career or the willingness to operate in static corporate environs. Growing up in the chaos of the worst economic climate since the Great Depression, they have become chaos-tolerant – they accept and embrace the vagaries of change. They are heralding the return of a workforce propelled by freelancers, contractors, consultants and independents. The generations they themselves engender will be tomorrow’s supertemps.

This article is an excerpt from our eBook "The Future of Talent in the Contingent Workforce". If you want to learn more on this topic, then please download our eBook.

Sunil Bagai
Sunil Bagai
Sunil is a Silicon Valley entrepreneur, thought leader and influencer who is transforming the way companies think about and acquire talent. Blending vision, technology and business skills honed in the most innovative corporate environments, he has launched a new model for recruitment called Crowdstaffing which is being tapped successfully top global brands. Sunil is passionate about building a company that provides value to the complete staffing ecosystem including clients, candidates and recruiters.
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