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Peter J. Miscovich Strategy + Innovation JLL Consulting - Managing Director [email protected] April 2019 The Future of Work The Human Experience

The Future of Work€¦ · Innovation. Combine new thinking, solutions and processes to drive value creation and accelerate transformation. Operational Excellence. Optimize enterprise

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Page 1: The Future of Work€¦ · Innovation. Combine new thinking, solutions and processes to drive value creation and accelerate transformation. Operational Excellence. Optimize enterprise

Peter J. MiscovichStrategy + InnovationJLL Consulting - Managing [email protected]

April 2019

The Future of Work The Human Experience

Page 2: The Future of Work€¦ · Innovation. Combine new thinking, solutions and processes to drive value creation and accelerate transformation. Operational Excellence. Optimize enterprise

Every company will become a Digital BusinessDigital changes how we work, live, learn, & playDigital Ecosystems will transform Industry SectorsFlexible “Liquid” Enterprise Models are emergingThe Future of Work = Human + Machine Collaboration Digital Operating Models will require/demand Digital Talent Human Experience will attract essential/critical Digital Talent

Digital Transformation Changes Everything

Future Enterprise Performance will require… Digital Platforms + Digital Talent + Human Experience

© 2019 Jones Lang LaSalle IP, Inc. All rights reserved. 2

Page 3: The Future of Work€¦ · Innovation. Combine new thinking, solutions and processes to drive value creation and accelerate transformation. Operational Excellence. Optimize enterprise

3

Digital Transformation = Business + Workforce + Workplace

Digital BusinessTransformationAI + Cloud + Edge Computing + Micro-services…

Digital Workforce TransformationDigital Talent + Liquid Workforce + Workforce Automation…

Digital WorkplaceTransformationThe Human Experience + Liquid Workplace Networks + Flex Space (Coworking) + Smart Workplace IoT Integration…

Enterprise Digital Workplace Transformation

Any Device, Any App, Any Data, Anywhere

Devices

Access

Data

Apps

Collaboration

© 2019 Jones Lang LaSalle IP, Inc. All rights reserved.

Page 4: The Future of Work€¦ · Innovation. Combine new thinking, solutions and processes to drive value creation and accelerate transformation. Operational Excellence. Optimize enterprise

Complex Problem SolvingCritical ThinkingCreativityPeople ManagementSocial Coordination with Others (Teams)Emotional IntelligenceJudgement and Decision-makingService Orientation (Helping Others)Negotiation SkillsCognitive Flexibility

4

Top Ten Skills Required for the Future

Source: Future of Jobs Report 2018. World Economic Forum© 2019 Jones Lang LaSalle IP, Inc. All rights reserved.

Page 5: The Future of Work€¦ · Innovation. Combine new thinking, solutions and processes to drive value creation and accelerate transformation. Operational Excellence. Optimize enterprise

What Work Will Humans Perform in the Digital Future?

Creativity Ideation & Innovation

Complex Communication & Continuous

Learning

Big Picture Synthetic

Thinking & ComplexProblem Solving

Social Emotional

Intelligence & Team

LeadershipManagement

Design Constructing Monitoring & Managing the

Next Generation of Intelligent

Machines5© 2019 Jones Lang LaSalle IP, Inc. All rights reserved.

Page 6: The Future of Work€¦ · Innovation. Combine new thinking, solutions and processes to drive value creation and accelerate transformation. Operational Excellence. Optimize enterprise

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Digital DriveHarness digitization and rich data to enhance people and enterprise performance

Continuous InnovationCombine new thinking, solutions and processes to drive value creation and accelerate transformation

Operational ExcellenceOptimize enterprise resources and service delivery to increase productivity, mitigate risks and ensure high performance

The Future of Work Model

Human Experience

Enhance user experience through engagement,

empowerment and fulfillment

Financial Performance

Manage spending to enable growth and enhance return on

investment (ROI)

© 2019 Jones Lang LaSalle IP, Inc. All rights reserved.

Page 7: The Future of Work€¦ · Innovation. Combine new thinking, solutions and processes to drive value creation and accelerate transformation. Operational Excellence. Optimize enterprise

7

WhatDefines Human

Experience?

Memorable workplace experiences that become a key differentiator as tohow your organization is perceived and valued in the marketplace

© 2019 Jones Lang LaSalle IP, Inc. All rights reserved.

Page 8: The Future of Work€¦ · Innovation. Combine new thinking, solutions and processes to drive value creation and accelerate transformation. Operational Excellence. Optimize enterprise

8

Human Experience Matters: Retain Existing Talent“Organizations must fully engage with the modern workforce to attract and keep great employees and therefore to maintain customers and value – Gallup State of the American Workplace 2018

Highly Engaged Workforces realize…

Source: Forbes “2018 Will be the year of Employee Experience”; Jan 2, 2018www.techtarget.com/definition/employee-experience

41%

Reduction in Absenteeism

Increased Productivity

Lower Turnover

Increase Profitability

17% 59% 21%

© 2019 Jones Lang LaSalle IP, Inc. All rights reserved.

Page 9: The Future of Work€¦ · Innovation. Combine new thinking, solutions and processes to drive value creation and accelerate transformation. Operational Excellence. Optimize enterprise

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Human Experience Matters: Attraction for New TalentHuman Experience is influenced and enabled by the corporate workplace and enables performance

and creating moments that matter.

Human Experience helps attract new talent…

11.5x

More likely to be onGlassdoor’s Best Places to Work

More likely to be onLinkedIn’s Most In

Demand Employers

More likely to be onFast Company’s Most Innovative Companies

More likely to be onForbes World’s Most

Innovative Companies

4.4x 28x 2.1x

© 2019 Jones Lang LaSalle IP, Inc. All rights reserved.

Source: Forbes “2018 Will be the year of Employee Experience”; Jan 2, 2018www.techtarget.com/definition/employee-experience

Page 10: The Future of Work€¦ · Innovation. Combine new thinking, solutions and processes to drive value creation and accelerate transformation. Operational Excellence. Optimize enterprise

Liquid Workforce 1Between 20% and 30% of the working population is already working within the on-demand contingent or gig economy

Career Tenure 3Employees during the 1980’s who worked for the same employer for upwards of 15 years.

Source 1: McKinsey (2016) Independent Work: Choice, Necessity and the Gig EconomySource 2: JLL (2017) Workplace Powered by Human ExperienceSource 3: Accenture, M. Smit (2017) Trends in the Workforce: Changing Attitudes, New Opportunities

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80% 60%Career Tenure 3Employees now that switch employers after every four years

Coworking 2Of <35 year olds work in third places compared to 27% of employees aged 35 years or more

47%

The “Liquid” and contingent workforce will drive radical Workforce Transformation

Human Experience: Increasing Workforce Dynamism

~25%

Organizations must adopt a human-centric approach in response to increasing and accelerating workforce dynamism

Human Centric

© 2019 Jones Lang LaSalle IP, Inc. All rights reserved.

Page 11: The Future of Work€¦ · Innovation. Combine new thinking, solutions and processes to drive value creation and accelerate transformation. Operational Excellence. Optimize enterprise

Human Experience Means Health & Wellbeing…

© 2019 Jones Lang LaSalle IP, Inc. All rights reserved. 11

55% of employees agree that spaces dedicated to health & well-being have a positive or a very positive impact on

their engagement

Source: JLL (2017) HX

Page 12: The Future of Work€¦ · Innovation. Combine new thinking, solutions and processes to drive value creation and accelerate transformation. Operational Excellence. Optimize enterprise

Human Experience Requires Strategic Integration

12

Human Capital

Customer & Brand Strategy

Competitive Labor Strategy is key to enabling enterprise performance and success

Aligning purposeful interactions reflect customer & brand experience

Shared ServicesIntegration

Human Experience = Corporate Real Estate + Human Resources + IT + Communications Integration

Integrated Workplace Ecosystems that enable Human Experience

A holistic and integrated approach is needed to ensure success

© 2019 Jones Lang LaSalle IP, Inc. All rights reserved.

Page 13: The Future of Work€¦ · Innovation. Combine new thinking, solutions and processes to drive value creation and accelerate transformation. Operational Excellence. Optimize enterprise

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The Digital Workplace (R)evolution is HERE

EnterpriseWorkplace

TransformationAccelerates

AgileLiquid

WorkplaceNetworks

DigitalWorkplace

EcosystemsSmart IoT

Digital Collaboration

Human Experience

© 2019 Jones Lang LaSalle IP, Inc. All rights reserved.

Page 14: The Future of Work€¦ · Innovation. Combine new thinking, solutions and processes to drive value creation and accelerate transformation. Operational Excellence. Optimize enterprise

Peter MiscovichManaging Director,

Strategy + Innovation

Peter Miscovich: JLL Strategy + Innovation

Mobile (646) [email protected]

Board Member and Advisory RelationshipsACCENTURE Global Technology Vision Board Member BROOKINGS Institute Metropolitan Policy Program AdvisorCERES President’s Advisory Board Member + Advisor to CEOColumbia University Data Science Institute Member and AdvisorCORENET Global Workplace Innovation Thought LeaderHarvard University Future of Work + Enterprise of the Future AdvisorMIT Urban Planning & Design MIT Sloan Management Real Estate Research Program The Regional Plan Association Smart Work + Smart Urbanization Advisor + TrusteeThe Woodrow Wilson Center Safe + Smart Cities Program AdvisorUrban Land Institute Infrastructure ICT Committee Strategy AdvisorWorld Economic Forum Transformational Energy Efficiency AdvisorWORKTECH WORKTECH Speaker/Thought Leader + Advisor CEO

Accenture British Telecom Goldman Sachs Procter & GambleAIG CISCO HSBC SONYAmerican Express Chubb Insurance IBM The World BankAT&T Citigroup JPMorgan Chase Thomson ReutersBank of America Deutsche Bank MetLife Time WarnerBarclays Fidelity Pfizer UBSBloomberg General Electric PwC Xerox

14© 2019 Jones Lang LaSalle IP, Inc. All rights reserved.

Page 15: The Future of Work€¦ · Innovation. Combine new thinking, solutions and processes to drive value creation and accelerate transformation. Operational Excellence. Optimize enterprise

© 2018 Jones Lang LaSalle IP, Inc. All rights reserved. The information contained in this document is proprietary to JLL and shall be used solely for the purposes of evaluating this proposal. All such documentation and information remains the property of JLL and shall be kept confidential. Reproduction of any part of this document is authorized only to the extent necessary for its evaluation. It is not to be shown to any third party without the prior written authorization of JLL. All information contained herein is from sources deemed reliable; however, no representation or warranty is made as to the accuracy thereof.