Remote Work, a new normal?
Flexibility is the new currency in the world of work. Leveraging remote & gig work could lead to a larger human capital inclusion & holistic economic growth across levels.
A new historic dividing line BC (Before Corona) & AC (After Corona) has already accentuated Digitization, Decentralization, Devolution, Democratization & Disruption.
Factors accelerating our quest for a new equation with work are:
- Digitization (AI, ML, XR, VR)
- Demographic Shift (Gen Z & Gen Alpha)
The youth of the future will prioritize "freedom over security" , "flexibility over stability" and "autonomy over dependence"
- WEF (World Economic Forum) estimates due to automation and robotization 85 million jobs will go & 97 million new jobs will emerge globally.
- MIT (Massachusetts Institute of Technology) report predicts that AI will create more jobs than it will destroy.
- USA has 76% of the companies having under 500 employees have gone fully remote.
- McKinsey studied 800 types of jobs in over 9 countries across sectors, shows at-least 20% of the jobs can be done remotely even in sectors like construction, manufacturing, warehousing, transportation, mining and retail trade.
- Where 60-85% of the jobs can be done remotely in sectors like IT, BFSI & Professional services.
All we need is an ecosystem to unleash human capital for Bharat from National/State - Regulatory frameworks and policies, Flexible work models from Industries & bodies, More remote working opportunities from Employers, And remote work code compliance from job seekers.
