The world of work continues to change, with technology disrupting and redefining entire industries. But, while this rapid advancement has the potential to take away jobs at a startling rate, it also creates new ones. In fact, in the future, the largest employment growth will come from fields like health care, retail, and agriculture. A recent report from the World Economic Forum found that in 2030, employment growth will be driven by sectors like “health care and social assistance, retail, education and training” rather than by traditional job markets. Such job growth is expected to represent 80 percent of all job creation by then.
The world will still have plenty of traditional employment opportunities, especially in developed countries, but the way that work gets done is changing at a fast pace. For instance, more employees are now telecommuting, and more companies are hiring independent contractors than ever before. This makes the employment landscape look vastly different than it did even a decade ago.
- Be visible online:
The future of work will be dominated by jobs that can be done from anywhere at any time. In fact, up to a third of employees are expected to have some kind of flexible schedule within the next decade. Companies will utilize bots and digital tools to make the workplace more accessible, and more employees will have remote-friendly companies as their first choice when looking for new jobs. This means being part of a digital team might soon be a prerequisite for companies who want to succeed in today’s job market.
The job search landscape is already changing with the technology boom. More people are turning to digital platforms like LinkedIn to market themselves and find jobs, and more companies are turning to social media platforms like Facebook and Twitter to do the same. In fact, more than 50 percent of employers have at least one job opening on Facebook, and more than 30 percent have at least one on Twitter. This shows that there’s a demand for companies that can recognize the needs of a fully mobile workforce.
- Develop a mobile app for your business:
More than half of businesses cite a lack of customers as their biggest business challenge, and the best way to address this problem is with a mobile app. In fact, more than half of small businesses surveyed in 2015 had some kind of online presence, but only about one-third had an actual mobile app. The potential for growth is clear since every smartphone marketer surveyed said that they have a mobile strategy today compared to under 40 percent who did so just three years ago.
In addition to a website, companies should create a mobile app that integrates into their business operations. This will make it easier for customers to find them, for employees to conduct different aspects of work, and for the company as a whole to stay competitive in the growing field of mobile technology.
- Have cyber security:
Cyber security is becoming a more important concern for employees, and businesses will need to create a multi-layered security protocol to ensure that their information remains protected. In fact, the threat of cybercrime is getting worse each year, and nearly half of businesses already have some kind of security software installed. This means that companies will only need to shore up their existing defenses or upgrade to the latest high-tech innovations if they are going to prevent data breaches, identity theft, or other cyber crimes from taking down their business.
- Start accepting cryptocurrency for payment:
New advanced forms of digital payment systems have already begun to take shape, and one of the most prominent is cryptocurrency. This system allows for fast, non-cash transactions through virtual currency systems like Bitcoin, Ethereum, Ripple, and others. This technology is growing in complexity but has the potential to change how money works, which will inevitably change how businesses operate as well. Some experts believe that this technology could even replace “traditional money” over time.
This means that businesses need to start considering what it would look like to get paid in cryptocurrency. This may mean offering access to a payment system that accepts virtual currency or mining the currency with an advanced program. However, before businesses can decide if this is a viable option, they need to analyze the potential market and consider the risks of investing their time and money in it.
The cryptocurrency payment gateway has been a hot topic in recent days, and it’s good to know that Bitcoin up provides an easy guide on how you can use this new technology.
- Employ a skilled workforce:
The best way to survive the increasing rate of change in the job market is by investing in your current employees and helping them to succeed. The future of work will require skilled professionals with experience in specific fields. To meet these needs, employers will need to promote training and improve retention rates. In fact, many companies are already investing in this effort by offering continuing education programs to their employees.
This means that companies need to think about the needs of their staff and how to keep them engaged and focused on work. They should also consider their employee training methods and whether or not they will need to update them in the future.
The future of work is already making a significant impact on today’s business climate, and it may seem as though companies already have a lot to keep track of. However, now is the best time to start making changes that will set your company up for success in the future. Companies that can successfully adapt to the new job market will be able to capitalize on emerging opportunities instead of falling behind.