What are the top 4 future workforce trends?
Remote Hiring: In the last few years, in a post-COVID work era, it has become apparent that many employees' and contractors' roles could be done at home. While this has offered flexibility for workers, it has also provided companies with the ability to hire skilled workers from remote locations. It is our prediction that this trend will continue in the name of flexibility for both workers and companies.
Companies Focusing More on Employees and contractors well-being: In the modern workforce, many contractors and workers are seeking a work-life balance. Because of this, more and more companies are choosing to invest more money and time in focusing on employees' well-being and mental health. We predict that initiatives, rewards, recognition, and health benefits will continue to grow as workers expect their work life to have a better balance. Happy and healthy workers equal more productive workers.
Artificial intelligence systems used in the workforce: More and more businesses are adopting AI into their operations. Over 50% of companies plan to incorporate AI into their business in 2023 alone. As AI continues to develop and become even more efficient, more companies will rely on it for their business practices. This trend will undoubtedly continue to grow.
Companies ensuring they are compliant: With labour laws constantly changing in different countries, from tax compliance to paying super. Modern-day companies do not want to take the risk of fines or charges, whether they are accidental or not. For example, misclassification of workers can lead to millions worth of fines and harm the company's public reputation.