While the coronavirus pandemic has devastated livelihoods, it also presents an opportunity for companies and policymakers to collaborate in reinventing the world of work. History tells us societies that adapt to new conditions and support their populations through periods of turmoil can emerge stronger and more resilient. The future is full of possibilities – but no easy answers – as the world starts to picture life beyond COVID-19.
The COVID-19 pandemic has changed the world in various ways, particularly the dynamics of labour supply and demand.
Some of the trends seen over the past year – such as the rise of automation, cloud computing and artificial intelligence – were already underway before the coronavirus hit. But the coronavirus is likely to accelerate the speed at which these new technological tools will be adopted. As Microsoft CEO Satya Nadella recently put it in a quarterly earnings call: “We’ve seen two years’ worth of digital transformation in two months.”
In this article, Aviva Investors examine the workforce trends being accelerated by the pandemic and how they are likely to fundamentally shift the way companies, teams and individuals define their roles.
Click here to read the full article on the Aviva Investors website.
