Knowledgebase
Novelwall Admin
November 3, 2022
The Future of the WorkForce: World of Work post Covid-19
The global pandemic has disrupted the global market and reshaped the labor market. The deep economic crisis had many negative impacts as millions of people lost their jobs, and many have been made redundant. However, on the flip side of the coin, the pandemic has made the entire world take a break and rethink the future of the workforce.
- Increase of desire in remote working - The crisis has thrown a spotlight on the importance of health and safety in the workplace and the need to improve working conditions, including work-life balance. A recent Gartner poll indicated that nearly 48% of the employees will continue to work remotely- at least part of the time post-Covid-19.
- Separation of Critical skills and roles - The accelerated trends in e-commerce and automation, and as many as 25 percent more workers may need to switch occupations before the pandemic ends. Employees are encouraged to develop critical skills that potentially open up multiple opportunities for their career development, rather than preparing for a specific next role.
- Evolution of Employee-centred employers - Progressive organizations communicate openly and frequently to show how they are nurturing employees despite the implementation of cost-saving measures. Where feasible, look for opportunities to arrange talent-sharing partnerships with other organizations to relocate employees displaced from their jobs by COVID-19.
- Designing of new workflows - A 2019 Gartner organization design survey found that 55% of organizational redesigns are focused on streamlining roles, supply chains, and workflows to increase efficiency. While this approach captured efficiencies, it also created fragilities, as systems have no flexibility to respond to disruptions. Resilient organizations were better able to respond — correct course quickly with change.
- Increase in the complexity of the organization - Companies will focus on expanding their geographic diversification and investment in secondary markets to mitigate and manage risk in times of disruption. This rise in complexity of size and organizational management will create challenges for leaders as operating models evolve.
On the Job Reset Summit conducted by The World Economic Forum in 2020, it had estimated that by 2025, 97 million new job opportunities will emerge, and the demand for 85 million job opportunities will fade away. The changes in job opportunities are the result of the pandemic and shifts in the division of labor between humans and machines.
The top 10 jobs with the growing potential of job demand are
- Data analysts and scientists
- AI and machine learning specialists
- Big Data specialists
- Digital Marketing and Strategy Specialists
- Process Automation Specialists
- Business Development Professionals
- Digital Transformation Specialists
- Information Security Analysts
- Software and Application Developers
- Internet of Things Specialists
The top 10 jobs with the decreasing potential for job demands are
- Data entry clerks
- Administrative and Executive Secretaries
- Accounting, Bookkeeping and Payroll clerks
- Accountants and Auditors
- Assembly and Factory Workers
- Business Services and Administration Managers
- Client Information and Customer Service Workers
- General and Operations Managers
- Mechanic and Machinery Repairers
- Material-Recording and Stock-Keeping Clerks
The impact of the pandemic has been immense on the world of work. We, at Novelwall, provide expert guidance and counseling to help you understand the career market better. Get in touch with our team of experts today to achieve your career goals!
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