The Fourth Industrial Age or the Digital Revolution is impacting employment.
Companies will have fewer permanent employees.
Learning how to learn is the only safeguard for people growing up in an era of rapid change.
A recent newspaper article discussed the new wave of advanced technology. It is and will change our economy.
The headline proclaimed, ‘Technology’s Invisible Hand’. It discussed how it impacts the future workplace. Unemployment will affect many sectors of the economy.
These changes are resulting from the Fourth Industrial Age or the Digital Revolution. This is the scenario into which our youth are moving.
Also I read an article about the future human resources (HR) practices.
Employment will become much more skills based. People will see themselves as members of a particular skill or professional network. Companies will have fewer permanent employees.
Human Resources (HR) will manage bidding processes. There will be an open market for assignments. People from within and outside the organisation will compete for postings and projects.
Recruitment will become a sourcing function. It will often be merged with the management of contracts and price agreements.
Many companies will be too small to have HR hiring teams. They will look to technology or dedicated agents to supply needs. This will invigorate professional guilds, associations and trade bodies. They will rely on them for training, development and innovation.
Workers will be categorised and rewarded for having specialist expertise. People will have more of a personal stake in the organisation’s or project’s success. Options such as project delivery-related bonuses will become more common.
BUILDING RELATIONSHIPS AND TRUST
This will require a high degree of relationship building and business trust. Many contractors and partners will adopt ‘eBay-style’ ratings of past performance. This is to help land the next contract. Uber drivers or BnB hosts and guests are currently ranked like this.
Learning how to learn is the only safeguard for people growing up in an era of rapid change. Technological skills aren’t going to be enough.
We had a posting a few months ago. It covered some of the survival skills our youth need in their future. The skills were communication, collaboration/teamwork, creativity, critical thinking, problem solving and innovation/entrepreneurship.