The ongoing pandemic has led to sweeping unemployment and increasing uncertainty about the economy and workplace operations as a whole.
For years, analysts and experts in the commercial real estate sector have predicted that companies would adopt remote working arrangements, but the pandemic has accelerated this process faster than anyone could have anticipated.
A report from Forrester indicates that companies recovering from a recession turn to automation to reduce operational costs. Additionally, Forrester has predicted that automation could cut 29% of US jobs by 2027, but could also create 13% of new jobs during the same time frame.
Overall, it is clear that without the formal education and experience, organizations can suffer and experience job losses. That is why it is vital for companies to prepare employees to work alongside technology, including machine learning and AI, in order to keep up with the future of work and mitigate potential risks.
The future of work will be one with job opportunities that require high skill levels, so equipping workers with these new tools now is essential for the coming years. This should be done through university courses, job training programs for the unemployed who want to become more competitive, low-cost counseling for those who need extra wellness support and enlist help from the private sector to form strategic future of work plans.