In just 66 days of the pandemic-related shutdown around 36 million people lost job opportunities in Bangladesh, a country in the South Asian region.
This is the story of every country in the world where businesses failed to keep their employee payroll rolling due to the Coronavirus lockdown. Moreover, Coronavirus pandemic has changed the outlook of the job sector by introducing non-traditional home offices and other digital mediums.
McKinsey & Company, a global consulting firm, published a report on the employment situation in the new world. The report is called, “What 800 executives envision for the postpandemic workforce.”
To publish the report, 800 executives were surveyed globally. Business executives claimed that changes in employment can be anticipated due to digitalization.
The executives were chosen from different industries and nine countries- the U.S, India, Australia, China, and the U.K, according to CNBC.
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Growing Job Opportunities in Three Areas
According to McKinsey’s report, the executives stressed the three priorities-
- Health and safety;
- technology & technical sales;
- agile working;
83% of the respondents are planning to hire health and safety experts. They want to put social distancing and workforce health operators to monitor the health conditions of their workers.
However, some are also considering robots replacing human health operators. Another 68% of the executives have their eyes on technology professionals.
Artificial Intelligence experts will dominate the positions followed by digital customer experience, IoT, and the cloud. Nearly half of the executives want to hire digital learning and agile executives in their workforce.
The agile work will dominate the hiring by 32% whereas digital learning, training, and remote hiring will impact the job sector by 14% and 13% respectively. Interestingly, around 70% of the executives are thinking about freelancers and individual contractors for work.
Since the start of COVID-19, executives say adoption of digitization and automation technologies has accelerated.
– McKinsey & Company
The change in demand for full-time workers might allow many employees to start freelancing serving multiple companies.
Finally, the report found that only 40% of the U.S working force might work remotely and the rest must join the workforce in the post-pandemic world.