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The Millennial Workforce

White Paper

Over the next decade, major demographic shifts and technological advances will radically reshape the workforce, the spaces where work is performed, and even the definition of what work may be. Leading these significant changes is an increasingly millennial workforce that brings with it their values of social capital and enterprise, expectations for more democratic, collaborative workspaces, and more flexible, independent, and remote working conditions. For workers still tethered to the physical workplace (approximately less than 40%), the expectations for workspaces have changed from traditional workspaces (separate offices or open-space cubicles) to more personalized, flexible workspaces that allow for increased productivity and collaboration. The focus for future workspaces is based less on traditional managerial hierarchies and more on a vertical model of transparency and collaborative decision-making. 

This Whitepaper developed by Albus Studio explores how these new changes will present transitional challenges in reconfiguring traditional workplace models to meet the needs and expectations of workers in ways that recognize these major demographic shifts and technological advances. In addition, these changes in demographics and technology will also create a significant difference in the skill sets those future workers will need, as the workforce will experience a decline in the need for less-educated, lower-skilled, physical laborers and increased demand for highly educated, tech-savvy, analytical workers.

The millennial workforce is radically changing the landscape of how, where, and when we work. The following three sections set forth predictions for 1. the future of work, 2. the future workforce, and 3. future workspaces, followed by recommendations to address these changes in ways that increase worker productivity and attract highly-skilled workers. 

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