Connected employees are ambassadors for their employers. Some employers might find this frightening, but it is also inevitable. Some companies will worry about the message that their employees are spreading across their social networks and the Internet, and complain about their inability to control it; but others would pay good money for employees who are so engaged that they will work at all hours and act as corporate social media ambassadors at all times.
Social media are new, and their value is not entirely clear, especially to businesses that are doing just fine as they are, thank you very much. Heck, it's even possible that blogs, Facebook, Twitter, LinkedIn, and other Web 2.0 and social networking services will turn out to be passing fads, in which case, maybe companies that ignore them will have the last laugh on the matter. I don't know about that, but I will say this: the generation that grew up on the Internet and began to enter the labour market over the last decade is unlikely to want to shift to a way of doing things that doesn't involve the Internet and its associated applications and gadgets. And their childrenwell, who can say how connected they'll be. It would take an extremely authoritarian approach to return to the workplace of our parents, and likely an approach that looks backward rather than ahead. But enough of prediction, let's talk about some interesting stuff!
To a casual observer, it might appear that time management has fallen to the wayside at many workplaces today: employees work well beyond their scheduled hours, including while on lunch breaks, during leisure time and social events and even on vacation. But with proper scheduling, time management should prevent work from expanding beyond regular work hours—as was the case before the Internet age. Instead, in the "knowledge economy", where the smart phone rules, scheduled work hours have become nearly meaningless.