The global workforce will reach over 1.5 billion by 2023, according to a report by global consulting firm Ernst & Young (EY). Furthermore, the workforce will be increasingly diverse in terms of working experience and employment status, with more seniors joining the workforce and many women working full-time for the first time.
Employment Opportunities
Rapid economic growth is expected to create new employment opportunities in areas such as logistics, customer service, healthcare, and technology. Demand for skilled professionals will outstrip supply in many industries, resulting in high wages and elevated job opportunities for talented individuals with relevant experience.
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Challenges Facing the Workforce
Changing demographics, including an aging population and increased diversity, will present significant challenges for employers looking to hire new employees. Diverse backgrounds can lead to misunderstandings and tension in workplaces, exacerbating productivity issues. Additionally, an increasing number of workers are choosing flexible work arrangements that may conflict with traditional employer expectations around hours, holidays, vacation days, and termination payments.
Employees of the Future
The Ernst & Young report identifies five essential skills that employees will need in order to thrive in the future: creativity, collaboration, problem-solving abilities, digital literacy skills, and professional development skills. Employers must invest time and resources in training their current employees so that they can be ready to embrace these changing workplace demands.
About Crescendo Global
At Crescendo Global, we help people & organizations find a common purpose. We specialize in Senior level and Leadership hiring for our clients across India. We have built a culture of people passionate about changing other people’s lives. We focus on employee growth & learning and believe in the power of teamwork to do great things. Here, you have the opportunity to have a greater influence than many individuals do in their lifetime. Crescendo Global takes pride in uniting people through celebrations.
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