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The Future of Work and Rewards: Forward Thinking From the C-Suite and Total Rewards Leaders
WorldatWork Journal
  • Dow Scott, Loyola University Chicago
  • Tom McMullen, Korn Ferry-Hay Group
  • Erik Larson, Korn Ferry-Hay Group
Document Type
Article
Publication Date
1-1-2017
Pages
13-24
Disciplines
Abstract

Globalization, advances in technology, shifts in the composition of the workforce and intense competition among businesses are reshaping how people work and interact at work. In fact, the rapid changes in genetics, artificial intelligence, digital technology, robotics, nanotechnology, three-dimensional printing, biotechnology, smart systems and electrical grids make some think that a Fourth Industrial Revolution, which will transform society and the work that it does, has arrived (World Economic 2016). Computers, mobile devices and internet connectivity have made work accessible from virtually every place on earth, no longer requiring many workers to commute to a place of employment while at the same time making them available to clients and their bosses 24/7. Companies are deconstructing jobs into their component responsibilities to better match jobs with employee capabilities and enhance effectiveness and efficiencies. Finally, intense competition is placing increased pressure on companies for ongoing innovation and cost control.

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Author Posting. © WorldatWork 2017. This article is posted here by permission of WorldatWork for personal use, not for redistribution. The article was published in the WorldatWork Journal, vol. 26, no. 1, 2017, https://www.worldatwork.org/resources/

Creative Commons License
Creative Commons Attribution-Noncommercial-No Derivative Works 3.0
Citation Information
Dow Scott, Tom McMullen and Erik Larson. "The Future of Work and Rewards: Forward Thinking From the C-Suite and Total Rewards Leaders" WorldatWork Journal Vol. 26 Iss. 1 (2017)
Available at: http://works.bepress.com/dow_scott/140/