Often, the Future of Work (FoW) is a term used to describe the complex forces that interact at multiple levels and change the business and nature of the workforces. These forces include the rapid development of technologies, the shifting demographics that includes a multicultural workforce, and the globalisation of goods, talents, markets, and everything.
These shifts are bound to make changes and also bring challenges for the leadership, the business models, the culture and the overall workforce. At the same time, they will also provide new opportunities to the people. And with these opportunities, there will also be a few risks. Is how the future of work practices will look like-
Rapid Innovations in Technology-
Evidently, the nature of work is changing, it is being redefined rapidly. It is being reliant on automation, artificial intelligence, robotics and other platform technologies like the data analytics. These technologies are enabling greater insights into the customer behaviour, and at the same time, they also ensure anonymity and security. These technologies will create new jobs; it will also change the nature of the jobs.
But again it is about people and not technology. The impact of automation is much debated one, but the fact is, it has not put all the jobs at risk. It also depends on how willingly the organizations take up automation like the AI or other technologies.
The Basic Re-skilling-
Apart from the basic work skills, the future employees will have to develop an advanced skillset to stay relevant to the changing workplaces. The employees will shift their focus to a more ‘STEMpathetic’ workforce who will combine the technical knowledge and a broader range of cognitive social skills. Analytical thinking, innovation and creative approach will play a prominent role in the future of work practices. Along with this, the employees will also need proficiency in other human skills like critical thinking, originality, negotiation and persuasion.
These shifts in the character of jobs will need to invest in education and training to make sure the employees will have the right skill sets. It is not the first time that the society has shifted completely from its cultural idea of work. As we are stepping into the cognitive revolution, the nature of work will be redefined to create valuable human-machine collaborations, of shifting the focus from understanding the work to task completion and problem-solving and managing human relationships.