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About the chances of a reorganization of work (as we know it)

Once again, a reference to the last Davos meeting, here in a good summary of the main findings. (And because it seems important to me.)

1. social workplaces can create a resilient future of work

Increased investment in education, health care and nursing could

  • restart the global engine of social mobility,
  • Meet unmet needs for health care and child care,
  • Improve the quality of education systems
  • and (how could it be otherwise there): “promote growth”.

Every dollar invested in these social sectors could trigger a multiplier effect of 2.3 in the economy, according to a white paper published alongside the Davos meeting (calculations based on the U.S. economy).

Well, we can have a good discussion about the growth discourse now, but in the transformation phase of the next 10 years, a faster turnaround might not hurt. Because this brings some social gains on the other side. For example, the gender gap could be closed somewhat better, since care work has been largely unpaid up to now.

2. bringing more women into the workforce

The great wave of layoffs has made the discrepancy even greater: Many women have experienced their double burden and lack of respect in these industries since the Corona era – and have started looking for better, more flexible jobs. Employers are aware:

Although women are more highly qualified and better educated than men, they are 20% underrepresented.

A new social contract is needed, this has become clear to many.

3. effects of the digital skills gap

The skills shortage is felt in many ways, including in view of the emerging digital economy, the functioning of which is required to build a sustainable economy.

When we talk about electric vehicles, it’s digital, when we talk about the energy transition, we’re in the digital world, when we talk about the transition to a sustainable economy, all of that is driven by digitalization. It’s not just about automating processes, it’s about creating new platforms, new business areas, which has increased the demand for technology.

And for this, suitable specialists are needed. This is a central challenge of our time: How can we re-skill the workforce in a meaningful way without gagging people and thus driving them into depression?!

4. shaping the future of work

Many of the jobs of the future will be rooted in the energy transition – and economies that “don’t understand the logic of the green transformation will fall behind,” according to Sweden’s Finance Minister Mikael Damberg.

At the same time, it would require a reorganization of the working world as such – including new leadership roles, recruiting processes and hybrid work environments. Here, everyone still has to learn significantly in order to create a meaningful foundation for the future of work.

Article published on piqd on June 20, 2022 as a reference to the WEF article This is the future of work, according to experts at Davos 2022

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