Ashish walked into the new office briskly, tightening his tie and checking his neatly ironed shirt. It was his first day at his new job and a sense of nervousness pervaded his every action as he made way through the relatively new office complex. He’d received an onboarding email a week prior and had since then been in touch with his recruiter who gave him clear instructions on whom to approach and where. He was also thankful for a regular chat with his manager, being able to speak freely to him to know the scope of his work better.
But he also has other reasons to be nervous about. After spending six years working for an IT firm, he had finally been shown the door. “Workforce restructuring” they had called it. But then spending two years of working with a fintech startup on developing their back-end services, he’d become interested in the world of finance and honed his skills on big data analytics and running nuanced machine learning algorithms in hopes of getting a more structured job. This was finally his chance.
Ashish’s case is reflective of a larger case of job shifts that have affected many across global economies and encapsulates what many have been going through in recent times, albeit in different settings. With skill shifts redefining how jobs are structured and companies fast adopting newer ways of working, job markets across the world is in a state of flux. As the impact of Industry 4.0 rises, job opportunities have been noted to have sharp polarisation between high and low skilled professions—-while the demand for one rises, many low skill jobs are under a threat of getting either automated or taken over by machine counterparts.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
How Digital Transformation Can Power The Great Reset
Technology has the potential to serve as the key enabler of change between digitalising administrative tasks and fostering human connections
The Crypto Meltdown Of 2022
FTX implosion: A setback, but not the end for the crypto market
Govern Pre-IPO Unicorns to Create Value; Not Valuation
Billion-dollar startups always make the headlines. But is there true value behind those eye-catching valuations? How can proper governance be implemented for these much-hyped companies?
On change and change management
The best way to end the year, especially such a disrupted one as 2022, is by laying the groundwork for the year to come. Michelle Yong, Head of Resourcing at Shell, offers some insights on change management to bring us forward into 2023
The Great Reconnection: A paradigmatic moment for employers and employees
This year has not been a good one for employee retention. The Great Resignation, originally thought to be a US phenomenon, has emerged in Asia now. But is there a way to turn it into the Great Reconnection?
Lessons Managing in leadership: a global hybrid team
What takeaways can we draw from the pandemic? Fatima Koning, Chief Commercial Officer at IWG, shares what the last five years have taught her about managing a global sales team across 120 markets in the hybrid model
Eight HR trends that we saw throughout 2022
As companies manage their workforces in a dynamic era, HR departments have continually adapted and adjusted, and never more than this year as digital acceleration and workplace evolutions came together
One way to turn the tide of employee retention
There's a surprising link between skill development opportunities and job satisfaction. Here are some ways of boosting skilling and thereby talent retention
A key focus for L&D going into 2023 should be business alignment
Venkat Subramaniam of Degreed believes that learning is core to business success and organisations need to invest in the right processes and technologies to adapt to continuous change
WOMEN IN LEADERSHIP CAN BE GAME GHANGER FOR INCLUSIVE FUTURE OF WORK
BREAKING FREE FROM THE STEREOTYPES IN THE INSURANCE SECTOR, PAMELA THOMSON-HALL SHARES HER JOURNEY OF BEING A CHAMPION FOR WOMEN AND BRINGING ABOUT A CHANGE IN A MALE-DOMINATED INDUSTRY
