Insights on The Future of the Tech Marketplace

Future Of The Tech Marketplace

Technology is an ever-evolving industry. There are always moving parts that will impact your hiring options each year. But what if we could look into that crystal ball to get an idea of what the future will hold for your technology company? With a little insight based on the current trends, we can paint a possible picture of what the future may hold. Here are some things to keep in mind over the next 10 to 15 years in the technology marketplace.

  • An increase in the gig economy. It is expected that the gig economy will only continue to gain steam over the next decade or so. Many talented IT professionals are choosing the flexibility of working with a contracting firm rather than finding a permanent position within a company. This is especially true for tech positions within other fields such as medical or financial industries. Some tech professionals will choose to work as independent contractors or freelancers, but others will form relationships with placement agencies to balance consistency with flexibility. Organizations that embrace working with staffing partners will benefit from this transitioning workforce.
  • Embracing the Agile workforce. Some people also refer to this shift in the overall culture of employment as the Agile Workforce. This idea communicates that things are dramatically changing and our expectations of how work happened in the past needs to shift in order to embrace the workforce of the future. By 2020, it’s expected that 40% of all work in the field will be handled by contractors. And 83% of business leaders believe that contractors are generally more productive than in-house employees. Recent surveys show that more than a third of U.S. workers are choosing to work on a freelance basis and HR is discovering that finding talent within a traditional employment model is proving ineffective.
  • Virtual reality and augmented reality. Beyond the makeup of the workforce and the economy, companies will also begin to see an increased reliance on Virtual Reality (VR) and Augmented Reality (AR). With promises of Google Glass on the horizon for years, many people didn’t fully grasp the impact of AR until the popular Pokémon Go game soared into our consciousness. While that is used for entertainment, understanding the implications of AR can create huge changes in the way employees and employers interact in the workplace.

Do you want to know more about the upcoming trends in the IT workplace? Contact US Tech Solutions to learn more today.