Tag: Generation Z

In 2020, technology is set to continue transforming organisations and skills needs are evolving rapidly. As organisations focus on sustainability, relevance and sourcing and retaining talent, job seekers will need to focus on learnability and skills development.

Investors’ appetite across the globe for exchange-traded funds (ETFs) was strong in 2019 and shows little sign of slowing. I share some of the themes and trends that I see ahead in 2020. The tailwind for ETFs going into not only a new year but a new decade couldn’t be stronger. Last year, global ETF assets under management (AUM) surpassed US$6 trillion, and in Europe we broke US$1 trillion in AUM.1 

The proliferation of freelancing and gig work has seen employers witness a massive shift from traditional nine-to-five jobs to part-time work and independent contracting, known as the gig economy. Employers will need to rethink their reward programmes to align with the digital economy and the disruption it has brought to the employment landscape.

Each and every working environment is different and this can be challenging to navigate – particularly when different generations have to work together. This is because each generation has its own way of working and typically believes that their way of working is better.

Workforce transformation affects all aspects of business and companies must plan for the impact it is having and will continue to have on operations. The evolving business landscape means companies must start thinking now about the skills they need for the future.

Despite the slowdown in the global economy, the luxury sector is seeing continued rapid growth. Given the declining economy, the question is, which South Africans can still afford luxury goods? From research conducted we see that the luxury culture is evolving and there are two main sets of luxury consumers in South Africa; traditional and non-traditional.

Job security remains the number one reason people of all ages and levels of employment across all industries stay at their company. This is according to the 2019 Global Talent Trends Report recently released by Mercer. But we know that it’s more than just the paycheck that keeps talent loyal to an organisation.

Future shifts in demands and activities are unavoidable for all professions. The future of the accounting profession as one that remains relevant and vital to the prosperity of the societies in which it operates, depends on its ability to focus on what is required to sustain its relevance in an evolving, changing, and technologically-dominated future.

Organisational succession planning, and the associated management and implementation of such plans, has traditionally been viewed as a long-term, deliberate and well-thought-out process.

Rachel Thompson | Insights Director | GfK South Africa | rachel.thompson@gfk.com | www.gfk.com/en-za/ | South Africa has a youthful population, with more than 66% of...