10 thoughts on “Jobs & the future of work according to LinkedIn CEO Jeff Weiner”

  1. “Fractionalization of work means that we could be living the uncertain reality of needing many gigs to pay the bills.” Agreed! This means that we are going to need dramatically lower transactional costs to facilitate all these ad hoc relationships. Make way for Dwolla, “a new payment solution that operates within existing financial systems and regulations to securely help banks and credit unions move real money in a more effective, efficient, and modernized manner.”
    Read more: http://www.digitaljournal.com/pr/1425967#ixzz2eUqlKYXH
    Oh, and the IRS had better brace for massive changes in compensation streams!

  2. Thanks – This is interesting insight. I think Weiner has it spot on about the future fractionalization of work, and the future dearth of the job as we know it. MBO’s annual work data released yesterday points to a future where 50 percent of enterprise workers will carry portfolios, not jobs, built on skills, acting as experts contributing from anywhere, to deliver clients results. Linked In has a clear part to play as a reputation engine, but there’s others to watch in the space also. Just today, @MBOPartners and @WorkMarket announced a partnership to manage the contractor cloud in a new way. http://www.prweb.com/releases/2013/9/prweb11105021.htm

    The research is at: http://www.mbopartners.com/state-of-independence/independent-workforce-index.html

    Will enjoy seeing more on this topic in the future.

  3. “…there is going to be a deeper need to have a reputation metric in the future” is absolutely true. As the employment model of the Industrial Age fades, something has to take its place that is fair and eases the level of disruption (it isn’t going to be pretty regardess).

    We touched on very similar themes in today’s writeup of the Sir Michael Moritz keynote about Data Factories: http://successfulworkplace.com/2013/09/10/yet-another-compelling-reason-to-work-in-tech/

    It’s very heartening to see the Weiner’s thoughts, actually.

  4. Same place my head has been around jobs, technology, economy, and education. We’re overeducated, are under skilled, and we need to start socially badging/trophy’ing vocational skills programs fast:

    Jeff Weiner, Linkedin CEO: “However, we need to invest in “vocational education to retrain workers of today for the jobs that are out there,” Weiner said. Why? because this, will have an immediate impact on the labor markets, Weiner argued. And lastly, he said that we should make immigration easier. I couldn’t agree more — the vocational retraining of the current workforce is something that isn’t a sexy topic and is often overlooked in any debate about work, immigration and the future.”

  5. If it really takes 10,000 hours to become very skilled (expert) in a job, then fractionalization is going to worsen skill level. Furthermore, the cost to acquire skills reduces their value to the holder even further. This is a great solution if you want to destroy the workforce of a country.

  6. Om,

    Great piece. A ton of great points. I’m almost scared to think about what impact the (further) fractionalization of work is going to have on our workforce and the skill levels of the workers who comprise it. Especially considering how the problem now IS the skills gap, not a lack of job opportunities – as Weiner stated.

  7. I’d have to agree with Jeff especially about the skills gap and making immigration easier. An MGI survey showed that despite the large unemployment, 30% of US companies had positions open for more than six months. In the future, there will be significant amount of mismatches in skills between regions and countries. The solution to these geographical mismatches will come from both migration and an increase in remote work. However, rich countries will continue to restrict employment visas which will force companies to hire skilled remote workers.
    Easier immigration will I guess make some jobs stay. But we have to be prepared on what trend is coming and what are those that are staying. If it’s okay I would also like to share an equally informative article that’s also about the state of the future of work: http://www.staff.com/blog/7-trends-for-the-future-of-work-to-2020/

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