Hello World, welcome to Workforce50/50. This is your host Zachary Alexander, the Enterprise Architect at the Workforce50/50 Project. The Workforce50/50 Project is a data advocacy and training program. Its purpose is to help HR and frontline managers build awareness of the changes in talent management.
There was a time when talent management was all about hiring the best full-time workforce. Workers expected to stay on the job forever or at least until they were eligible for retirement. However, the gig economy made talent management a lot more difficult.
Young people today don’t expect to stay with the same company for more than a year. They understand the need to develop a side hustle, which can provide them career flexibility. Also, they want to work for a company that all about changing the world.
A couple of years ago, a lot of very serious people were talking about the probability that by 2028, fifty percent of the US workforce will be engaged as contingent workers. This caused a lot of anxiety in the business community. There were employee advocates that were ready to jump out windows.
Fast forward to 2019 and the outcry has died down. The challenge, on the other hand, has actually increased. So has the number of miss guided attempts to protect full-time employment. You could make the case that any regulations enacted to project full-time employment could backfire and price US workers out of the market.
Why take action now on Workforce50/50?
Some of us can remember what happened with the Y2K bug. For those who don’t, this was a glitch in software programs caused by the date field being only two characters. It seems pretty technical. However, the entire business world had to drop everything to address the potential problem. You could make the case that it stunted innovation for the next five years.
Workforce50/50 is an effort to raise awareness now when it’s still too make changes during the normal course of business. You could make the case that while 2028 is a long time off, it’s still within the window of long-term planning.
Where are we historically with Workforce50/50?
America is falling behind other countries like Australia and the United Kingdom. Both of these countries have already surpassed Workforce50/50. They are already dealing with the turmoil that this techno-economic change brings.
American companies will be at a disadvantage if they don’t embrace remote work and the gig economy. They will either have to employ a workforce that is engaged in busy work, or they will have to continue their current inefficient binge and purge employment cycles.
What’s next for Workforce50/50?
The plan is to use this podcast to build a community of thought leaders who understand that now is the time to take action. The goal is to engage HR Directors and frontline managers. These are the people who are already seeing the changes.
Long-term, the strategy is to advocate for data transparency. Right now, there is no of knowing the real-world impact of the Gig Economy. There is also a potential that the current data could be corrupted by individuals who believe that contingent work is un-American.
Workforce50/50 is coming to a workplace near you. This segment will help frontline managers and other business leaders deal with the changes that are underway.