{"id":364,"date":"2017-11-02T08:06:01","date_gmt":"2017-11-02T08:06:01","guid":{"rendered":"http:\/\/icdlabs.in\/tag\/?post_type=article&p=364"},"modified":"2019-12-06T13:37:52","modified_gmt":"2019-12-06T13:37:52","slug":"the-future-of-jobs-reality-or-a-modern-day-fiction","status":"publish","type":"article","link":"https:\/\/icdlabs.in\/tag\/article\/the-future-of-jobs-reality-or-a-modern-day-fiction\/","title":{"rendered":"The future of jobs: Reality or a modern-day fiction"},"content":{"rendered":"

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Two questions that never cease to instigate interest from anyone about anything are \u201cWhat\u2019s in the future\u201d<\/strong> and \u201cWhat\u2019s new?\u201d<\/strong> The world of work and jobs is not at all different. Especially, in the past few months, the world has been abuzz with what or what not will be the future of work.<\/p>\n

While one school of thought says that the future will completely disrupt the current scheme of things at work and workplaces; there is a group that says that we have overestimated the changes we might see in the future. While only time will tell which view is closer to reality, here is our take on various aspects that will shape up the world of work in the coming years!<\/p>\n

From ‘job’ as we know it to ‘meaningful work’<\/h2>\n

If we look at the global data from the population of about 7 B, 3.5 billion falls under the working population. Of this, 60% is still operating in the informal segment. If the current predictions are to be believed, in the coming year, the classification is going to change phenomenally. It is estimated that 20 to 30 percent of the working-age population globally will be engaged in independent work or gig economy as people call it. The change is very visible in mature economies like the US and Europe, as a significant part of the working population is choosing to operate in project-based mode. India is not that far behind in catching up the curve. As per an estimate, the number of workers being hired as freelancers or contract workers in the Indian job market has raised from 20 percent to 25 percent in the contingent workforce in the past two years.<\/p>\n

The concept of traditional 9-5 jobs will soon fade away and offices will be more of meeting and discussing places rather than sitting and working spaces. The millennials will favor flexible working hours, dabble between multiple jobs and have a short-term worker-client relationship.<\/p>\n

Sounds fictional? Let me pick a case in point from our darling \u201cIT sector”. The four major category of jobs that existed traditionally in this sector were: Designing, Coding, Integration & Testing. Today, the coding and testing part is channelized to project-based roles and outsourcing business respectively. For one of our leading customers in the space, 30-40% of this work is managed through \u201cgig\u201d projects. What remains in-house is the job of designing and integration. Same is true for various other job types.<\/p>\n

This impetus on the adoption of the independent workforce is thriving through digital platforms like Upworks, freelancers, etc. which are creating larger and more efficient marketplaces to connect freelancers with buyers of their services. Making the proposition of work exciting for the \u201cborn-free\u201d generation.<\/p>\n

Tracking the work and output: The Digital Way<\/h2>\n

We are working with and for a “born free” workforce which demands better user experience and quick turnaround time around everything. Today the journey for any HR leader is to apply a consumer and a digital lens to the HR function creating an employee experience that mirrors their best consumer experience.<\/p>\n

If you have a smart and independent workforce, your HR systems should be way smarter. With HR transactions being managed in a few clicks and taps, there has been a remarkable transformation in the level of efficiency at the workplace. To give a few examples:<\/p>\n