What is the Future of Work?
A ubiquitous topic of discussion and debate is not without reason. It is about the new world of work that is change-centric. The global perceptions will dive into work trends and bring the biggest opportunities to meet the arising challenges.
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Seven key trends shaping the new world of work in 2023
1. A virtual, in-person, and hybrid work mix will become soon the new employee’s normal. The new workplace technology will need employers to focus on engagement. With the Covid-19 pandemic, the remote work era ushered, and companies now offer fully remote work or hybrid arrangements. The full-time workers estimate to be fully remote around 15%, with a hybrid arrangement of 30%, and 55% remaining on-site. Yet, people will stay in connection, and notably, the hybrid model dominates in the work sector. Many companies are taking or trying to take advantage of the technologies, right from virtual office tools to solutions.
2. Training, upskilling, and personal development are becoming important. The opportunities grow for workers today, and they can balance work-life with flexibility. People expect support from employers, and the new world of work represents a compelling opportunity. The new talent should learn development programs, adapt to new skills learning at the job and improve skills around 83% of workers. Going through training and showing readiness for personal development is a way of the new work world. The study also shows employees around 74% are ready to leave their current job as they lack career mobility and skill-building options.
3. Remote work is not the future; it can become a battleground of new capital vs. labor. Working from home employees enjoys several advantages and benefits. But, they seem less enthusiastic. The governments are also pushing to in-office workdays to return to revitalize deserted offices. Workers are pushing back leading to the battle of labor vs. new capital. However, many observers predict the global economy will soon get on with the digital transformation and begin its natural cycle.
4. AI, automation, and Robots an integral to the new workplace is the expectation. Automation and augmented reality are becoming a part of the working day, and the trend will continue. These technologies support workers, eliminating repetitive tasks. Another trend is to see more 2023, transactional and operational tasks as increased automation.
5. Renewed focus on the balance of healthy work life and workplace is crucial. The pandemic renewed the well-being and healthy that employees will be a part of the new work world. The focus includes job flexibility. People focus on workplace technology that offers flexible work schedules. It is a must to offer wellness programs to retain top talents.
6. Corporate and Social purpose, become the key part of every company. The younger workers’ entry in combination with the shortage of global talent puts social responsibility on the corporate sector. The company hiring well-educated, young, and idealistic people may increase their social purpose and retain new talents. They should become the companies featuring digital transformation that are outstanding in this competitive arena. It is a way of attracting new talents.
7 Gender diversity will be the hallmark and is essential to claim the progressive, modern mantle of business. The working women’s situation remains poor. Remote working, lockdowns, and online learning increase gender gaps. It also relies on education and employment, besides the patriarchal mindsets putting the burden disproportionately on women. The gender pay gap remains the same for over 2 decades, despite women being 64.2%, as a part of the labor force. Gender equality prediction in 2023 will shape the new world of work.