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Tata Capital > Blog > The Future of Work Post Covid-19

CoronaVirus

The Future of Work Post Covid-19

The Future of Work Post Covid-19

COVID-19 has pushed employers and employees alike to reimagine work completely. Changes that would have taken years to become common practice were made overnight due to physical distancing measures, job losses, and movement restrictions brought on by the pandemic. For this very reason, you might have wondered what the future of workwould look like once the pandemic ends.

Here’s our guide to understanding what’s happening in the world of work. Read on.

Five post-COVID jobs trends you need to know about

1. Switching to a hybrid working model

Perhaps one of the most significant shifts is the increased adoption of the hybrid work model. Here, some employees work from the office, while the rest work remotely without compromising the quality of work or productivity.

Naturally, organisations are turning to collaborative digital platforms to facilitate remote work and implement virtual collaboration to keep everyone on the same page.

2. Contract-based work

Several companies had to lay off many employees during the pandemic. So, in the post-pandemic work, organisations are experimenting with employing workers on a contract basis instead. This does two things. One- increases the flexibility in workforce management, and two- reduces the cost involved per employee. However, this means HR leaders will have to standardise the performance parameters of these employees and decide how to provide benefits to them as well.

3. Increased automation and AI adoption

There has been a lot of debate on whether intelligent technology like AI will eventually replace the human workforce. But, if the pandemic has revealed anything, it is that humans and technology work best in collaboration. Not only does it lower labour costs dramatically, but it also automates the mundane work making the workplace experience a more enjoyable one for employees.

Some sectors that have implemented such augmentation include education, hiring, essential goods and services, telemedicine, etc.

4. Focus on employee skills

The future of smart workis all about prioritising efficiency. To that, employers will eventually look for employees who can drive the success of specific workflows. Naturally, if you possess the right skills, you stand a better chance of being hired. This also means employees will have the freedom to diverge from their specified roles based on the skills they acquire at work.

5. Adoption of no-code technologies

Companies are turning to technology to simplify workflows. And they will use no-code technologies to do it. Given that these technologies don’t require coding knowledge to build software, anyone with good problem-solving skills will be able to build apps. Ultimately these technologies will reduce the demand for programmers in the software space altogether.

Final word

It’s evident from the above future of work trends that the new normal will look very different from what we know now. And with technology progressing at breakneck speeds, you must be resilient keep up with it.

Need financial help to get through these trying times in the meantime? We at Tata Capital provide loans tailored to you at the most competitive rates.

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