The future of work: Trends that shapes the job market.

The future of work: Trends that shapes the job market.

This article is basically centered on the trends that shapes the job market. Though, There are other changes happening as a result of the subsequent economic slowdown, employment offers have been cut short in the midst of several layoffs in technology companies which are mostly seen as channels of growth.

Although, Technology is basically a huge push  behind most of these trends. As, most employers have opted for technological based equipments to lay down staff strenght and also reduce cost. It should however be noted that not only does technology alone causes these trends, but also some societal changes such as aging populations in many developed countries and a growing understanding of the environmental impact of working practices are also key important factors too.

Below are factors that trigger the trends that shapes the job market.

Before we proceed to the factors that trigger the trends that shapes to check out this article on 5 Ways you can leverage on social media for scholarship opportunities.

1. Technology:

Technology is a key factor that triggers changes in the job market as it embeds it’s power into the hands of employees, who prefer to advance by reaching out for technological products to fasten their work process.

However, Organizations cutting across all sectors, from agribusiness, finance and manufacturing to media, are evolving into technology companies

2. Generative AI:

Generative artificial intelligence is a latest trend that shapes the job market. This artificial intelligence is a huge factor that replaces people from their jobs.

Artificial intelligence will replace people who can not use it. . Generative AI tools are quickly evolving to the point where they offer solutions that can increase efficiency in just about any task or line of work.

But, it should be noted that a big part of becoming a proficiently good in using AI is by understanding its limitations and knowing where one still needs to apply human creativity, compassion and innovation.

3. Experience:

Experience is a vital trend shaping factor for jobs market as most organizations understand that lately, customer experience is the key to developing lifelong relationships and generating recurring businesses.

However, employees are starting to understand the importance of ensuring that workers are satisfied across the board rather than just been adequately remunerated.

Experience takes in work and life balance, wellness, intellectual challenge, and personal growth and development. So, if an employer does not come up to terms on experience basis, it therefore  becomes more increasingly easy to find one that does have more experience.

4. Digitalization:

The world of digitalization has brought much impact on the trends that shapes the job market, since The digital transformation of industries has brought about massive shifts in the world of work.  Data has a huge impact on every aspect of a human  working life.

Data helps in assessing the productivity of the information used in leveraging to make better decisions and implementing more efficient processes.

However, Understanding how to use data to assist daily tasks does not mean studying for a degree in data science, but it does mean having an overview of the tools and platforms that are becoming available and learning how to spot opportunities to use them. 

5. Mobility:

Mobility is a trend shaping factor as of today, as location matters a lot when it comes to doing any work.

Internet is a lifesaving factor that makes accessing people and information easy.

Globally,  hunting for skilled talent has led to massive opportunities for some workers to move across jobs, industries and countries. The normalization of remote work which is accelerated by the COVID-19 pandemic and sponsored by digital technologies for collaboration has made it possible for top talents to glide across jobs or be in multiple jobs at a time. Research also is of the prediction that present workers in today’s world will hold much  jobs in their lifetime.

Therefore, individuals and companies must evaluate their work opportunities from a broader and global perspective, by giving in to their mindset of career mobility, and also the development of transferable skills for a lifetime of numerous job opportunities.

6. Globalization:

Globalization is a trend factor that shapes work organizations, as it is essentially the ability for organizations to work in a world where boundaries do not exist.

Since, The world is becoming one global city, The language one speaks, the currency one transacts in, and  physical locations are begining to matter less.

7. Skills:

Gaining more skills sets trends that shapes job market, since technology transforms more areas of work and business, by ensuring that individuals are well equipped to use this business effectively.

Since most organizations are faced with the need to deliver short to medium-term results, companies are increasingly hiring for skills backed with experience, and less for potential. This has led to a huge decline in graduate recruitment.

Although, Many employers are eliminating degrees from their hiring criteria in favor of skills assessment. Only few of business leaders are of the belief  that students are graduating from higher education with the necessary competencies. This has led to calls for higher education reform.

Young people entering the world of work have to embrace work-integrated learning opportunities available as internships, placements, and apprenticeship programmes to provide relevant experience in developing their skills. More than four in five employers believe internships can prepare graduates to succeed in their companies.

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