What DAOs and the Future of Work Have In Common

Call it The Great Realization or the Great Resignation, but one thing is for sure: for savvy companies, new workplace policies are here to stay. Whether providing “work-from-anywhere” arrangements or managing a blended workforce due to tightening budgets and shifting labor pools, employers see a business imperative to get flexible -- both in policies for FTEs and for their own extended workforce in order to achieve critical business goals. ?

Recently, crypto publisher CoinDesk spent a week covering the “Future of Work” theme and discussed how new ways could help get things done. One topic stuck out. Their introduction to decentralized autonomous organizations (DAOs) and how the new structure can replace traditional businesses. They argue DAOs are better than conventional companies at orchestrating projects with many insiders and outsiders, such as contractors or freelancers, as it cites the increasing number of nontraditional workers based on the our own State of Independence Report.

While DAOs have had some massive growth of late (from 13K to 1.7M in 2021 alone, per the World Economic Forum) decentralized autonomous structure will absolutely have some growth challenges, including but not limited to the limited legal relationship between token holders (the equity vehicle) and the DAO itself. However, as DAOs gain traction, they draw strong parallels to the world of independent work, wherein individuals work for themselves, on multiple projects, and control their career destiny through a less and less centralized network of project-based interactions.?

We'd posit that the model is worth looking at for business leaders given its potential and inherent flexibility and that those business leaders already trialing a flexible workforce approach with FTEs alongside independent professional talent will be ahead of the game.?

?Want to know how to take the next step? Check out CEO Miles Everson's latest for BenefitsPro:?

Trending Topics:

●?????A Business Insider article shares information about the return-to-work wars as several C-Suite executives share why they are embracing remote work and hybrid work arrangements. The return-to-work wars indicate the growing disconnect between employers and employees in the workplace.

●?????The Independent Economy Council releases its findings that help describe the motivations and life of independent workers. For example, the flexibility of the schedule serves as the biggest motivation for workers to become independent, and they tend to earn more than traditional W-2 employment.

●?????A Deloitte study shows that around 70% of high-level executives are considering quitting their jobs due to their emotional well-being, signaling that C-Suites might soon join the Great Resignation trend. The Forbes article also shares those CEOs who have already stepped down from their positions.

More News of note:

●?????Jon Younger, a Forbes contributor, shares how the freelance revolution is reinventing work and careers since freelancers are individuals who can create a portfolio of work based on their values and interests.?

●?????A Hustlecover article predicts that the future of work revolves around a project-based economy as it shares the advantages and challenges of gig work.

●?????Joe Walsh, the Director of B2B at Samsung Electronics UK and Ireland, shares how organizations can be equipped for the future of work to enable hybrid workers to be productive, connected, and content.

●?????Workers perceive that the return-to-work mandate may cause stress and potentially harm workers as it reintroduces old problems to the future of work, such as inequities related to health conditions, discrimination, and disabilities.

?Should you have any questions, we’re always here for you.

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