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Now, reports suggest tech giant Google may issue pay cuts to US staff who choose to work from home permanently, particularly if they are living in cheaper cities – cuts should reflect the cost of living, the Silicon Valley firm said.
The pandemic created a unique business situation. As organisations look to the future, leaders are rethinking the workplace and what the future of work means for their organisations and employees.
The pandemic has caused significant shifts in our working world. 60 per cent of employees are still working from home and some companies have even given up their office space entirely. However, most companies actually benefit from working in an office and many employees are desperate to return. While many think the future of work must be remote, that’s not necessarily the case.
The UK has become increasingly dependent on the self-employed workforce. The pandemic caused the freelance industry to grow, with almost 50 per cent of businesses increasing their use of freelancers in 2020, and 60 per cent of business owners planning to use more freelancers in 2021.
As the world begins to return to normal and organisations start preparing to return to the office, companies face difficult decisions around employees’ COVID-19 vaccines. Many businesses are considering implementing ‘no jab, no job’ policies for new recruits.
Artificial intelligence (AI) will never replace the role of a leader, but it’s certainly changing the nature of leadership. Traditionally, leaders have been expected to bring a mixture of hard and soft skills to the table, but now, many of these more technical hard skills are simply not required. Instead, AI can carry out processes such as data analysis, coding and budgeting, leaving humans to make full use of their interpersonal skills.
When the pandemic first began, the UK experienced a huge shift from office work to remote work, with 46.6 per cent of the workforce working from home by April 2020. As businesses start to reopen, employers need to consider how to manage a successful transition back into the office.
Born between 1997 and the early 2010s, Generation Z are beginning to graduate from university and start their careers. They are now the most populous generation since Baby Boomers, with more than one-third of the world’s citizens counting themselves as part of the generation. In order to gain access to the top talent, organisations need to look at how they can both attract and retain Gen Z talent.
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