Tips & Tricks

How Covid irreversibly changed the future of work

For most employees, the past two years have been a period of professional turmoil and uncertainty.Or they handle unemployment, Longer job hunting, persistent anxiety about becoming irrelevant to the profession, or income uncertainty due to reduced wages or threats from one person.

The change in working from home means that their interpersonal feedback system, social skills, professional relationships, and the psychological stability of normal work in the physical office are all affected. But for some employees, this is a period of financial and professional development, and their skills are in greater demand to help them achieve specialization. How will the experience of the past year affect the next 2-3 years?

market trend

The market trend is an irreversible acceleration of digitalization. From start-ups to old-economy companies, everyone eventually signed an agreement to add technology to their business. This means that the required skills change rapidly every year. The World Economic Forum’s Future Employment Report states that 50% of required core skills will change within five years. At the same time, 40% of current employees need to re-master their skills in the next six months. If your core skills are not technology, then the jobs that suit you may be reduced. If you are tech-savvy, your income may increase. However, in the next few years, the mismatch between supply and demand is expected to level off.Your priority is to stay relevant in a constantly changing environment the talent market.

constant Retraining

Looking to the future, your past experience will not be as important as your current relevant skills. Therefore, your core skills need to be regularly upgraded in accordance with the ever-changing business model. Your first step is to figure out the gap between your current skills and market demand. Research job vacancies in your field or professional field to identify repetitive topics that are missing from your profile. Next, look at the LinkedIn profiles of former colleagues and the types of roles they play. What is working at the moment, and where is your gap? How do you obtain the required skills or certifications? The best solution is that your employer is willing to invest in your training instead of hiring replacements. Discuss this with your manager. At the same time, volunteer to participate in projects that can gain relevant experience while registering for online courses to gain theoretical knowledge. Usually, repeat every 6-12 months in your career.

Is there more pain?
Most people think the situation will get worse and the impact will be longer.


Looking for a new job

Our survey shows that only 22% of respondents think Employment security Will improve in the future. With the increase of digitization and new technologies, companies and roles are more likely to change constantly. Therefore, you may look for new jobs more frequently than in the past ten years. Our survey also shows that two-thirds of employees are currently looking for work. These include professionals who have jobs but are hedging potential unemployment risks or are considering increasing their income to increase savings and cope with the future. This means that there are more applicants for each vacancy, so the job search time will be longer than before. Therefore, two skills will become more important in the future-professional networking and communication. When you need it, a strong professional network will give you access to more job vacancies. Strong communication skills will help you convert vacancies into job opportunities more effectively.

financial knowledge

Your backup plan is to have enough financial funds to support each job search process without interrupting your life goals. Unfortunately, our schools and most salaried families do not teach financial literacy. As a result, professionals are overly dependent on income from daily work, with little or no investment income. The best time to start learning is during your teenage years. The next best time to start learning is now. Keep investing in order to be financially proficient. Set a budget and run your life like a business. Learn from friends and family members who have good habits and understanding of investment and finance. Consolidate your knowledge by reading about personal finance. Finally, take immediate action.

(The author is a professional coach, mentor, and author of Yoursortinghat.com.)

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