How will the world of work look in 2030?
In this guest article, Roger James Hamilton, Founder and CEO of Genius Group explores how the world of work will look in 2030.
Gone are the days when job roles are linear. We are moving to an age where artificial intelligence and automation are reshaping the jobs market. Low-paid manual jobs are being replaced by machines and many roles in customer service are no longer fulfilled by people. The advancement of technology is accelerating and because of this, by 2030 we will see a completely changed jobs market.
The Skills Shortage
There is currently a skills shortage, with many employers reporting they are struggling to recruit for the roles needed within their company. This is only going to heighten as technology continues to advance. With the world becoming increasingly digital, the skills needed are constantly evolving.
To help solve the skills shortage, upskilling and reskilling throughout careers will become the norm and will also be necessary to keep up with these changing times. The leaders of today recognise that there is not just value to be had in strengthening the workplace by adding new skilled employees, but also by encouraging upskilling among their current employees and equipping them with the tools to do so. By offering education platforms and corporate training opportunities, companies will become more attractive to potential employees and simultaneously engage and nurture their existing team – all of which helps to further strengthen the business.
Every one of us has our own set of skills and is naturally talented in different areas of academia and business. By enabling users to identify and hone these skills, a more robust and dynamic group of business owners will emerge.
The job market and businesses in the years to come will heavily rely on ever-evolving technology, so learning new skills today makes good business sense. We are embarking on a new digital world, where offline and online will merge almost seamlessly, and technology will be so ingrained it will be hard to function without it.
Alongside this shift in technology, we will also see many businesses needing to put a greater emphasis on company culture and staff engagement. Without an emphasis on these areas, businesses will see a high turnover of staff and an unfulfilled and disengaged workforce. By offering personal development and upskilling, employers can engage staff and ensure that they are future-fit and show they value those who work for them.
Another area that the world of work will be faced with is the idea of being more than simply focused on profit. Businesses are well placed to start tackling some of the various challenges the world faces, from sustainability and climate change to education and poverty. Businesses need to give something back and offer their teams the opportunity to feel that they are working for a company that is making a difference.
Social and Economic Issues
The world of work in 2030 will demand that leaders can see the whole, global picture and encourage the newer generations to help tackle the world’s social, economic, and environmental issues. All of this is via knowledge, networking, and digital transformation.
Education plays a huge role in this jigsaw as offering people the chance to learn and grow enables new ideas, more equality and a better understanding of others.
With technology allowing education to become more accessible to marginalised groups around the world, this will, in turn, have an impact on the jobs market with more people being able to be educated to a higher level and degrees becoming more common.
We are also on the cusp of a recession with many predicting this will be the longest and hardest recession in recent history, taking us perhaps through to the 2030s. This will put even more pressure on businesses to streamline and reduce costs with a core team of well-skilled employees to meet any challenges.
Digital Currencies and Metaverse
In this landscape, the investments made by a business will play a key role in their success, and new digital currencies such as crypto, and purchasing NFTs will be increasingly lucrative.
The adoption of the metaverse will impact work with digital and real-world merging like never before. Businesses that embraced remote working in the pandemic will be able to make use of meeting in the metaverse with each team member adopting an avatar for greater engagement and connectivity with other team members. We may even see some companies purchase digital land to house their digital offices and create a space for teams to learn, socialise, collaborate and strategise.
As the worlds merge, there will be opportunities for businesses to grow in new ways and the savvy entrepreneur will be ahead of this curve by learning, networking, and creating opportunities from the many challenges faced.
As we enter 2030 the businesses that engage their teams, encourage lifelong learning, and embrace technology will be the ones who succeed.