Reloading a new Workforce Paradigm
In recent years, there has been several key factors responsible for the hinderance of an efficient workforce. The chapter of the pandemic and the lockdown, coupled with the innovation in the technological and networking sector have invigorated businesses to gear towards a global workforce transformation process.
Automation of tasks and flexible working conditions are amongst the key factors to drive the workforce revamp. With the growing influence of AI and Robotics in several sectors, some businesses are now reshaping the roles and responsibilities of the workers, eliminating some tasks, and creating demand for new skills. The integration of AI in industry 4.0 has led to the creation of “smart factories” and has significantly enhanced productivity, efficiency, and decision-making processes in manufacturing. The global market for AI in manufacturing was valued at $1.1 billion in 2020 and is expected to reach $16.7 billion by 2026.
During the pandemic, many companies adopted hybrid work models in view to be able to sustain their operations. The use of technology has been the cornerstone for the effective progression of this strategy. As of 2023, 12.7% of full-time employees work from home, while 28.2% work a hybrid model. By 2025, an estimated 32.6 million Americans will be working remotely, which equates to about 22% of the workforce. Moreover, a staggering 98% of workers expressed the desire to work remotely, at least part of the time. This reflects the workforce’s growing affinity towards the flexibility, autonomy, and work-life balance that remote work offers.
The hike in the gig economy is also acting as a catalyst in the transformation of the workforce as there has been a spurt in the number of people working as freelancers, independent contractors, or participating in platform-based work. Approximately 68 million workers in the United States work freelance. By 2028, the population of US-based freelance workers is projected to reach 90.1 million.
In view to sustain this transition, the process of lifelong learning has become a crucial aspect in the workplace as workers need to continuously upskill and/or reskill themselves. The WEF's Future of Jobs Report 2020 estimated that by 2025, 50% of all employees will need reskilling or upskilling. The OECD Skills Outlook 2021 report states that lifelong learning is key if individuals are to succeed in labour markets and societies shaped by megatrends.
Thus, with this growing prospect of the workforce transition, investors are expressing an optimistic investment approach towards firms which are proactively coping with this process, in the quest of devising their investment strategy for their portfolio. We have opted the following stocks to elucidate on this investment case.
The following stocks have been opted to elucidate on this investment idea:
- Alphabet Inc.
- Coursera, Inc.
- Uber Technologies Inc.
More details are available in the full Trade Idea
BRC Autocallable | Product Snapshot
For informational purposes only. Not investment advice.
In recent years, there has been several key factors responsible for the hinderance of an efficient workforce. The chapter of the pandemic and the lockdown, coupled with the innovation in the technological and networking sector have invigorated businesses to gear towards a global workforce transformation process.
Automation of tasks and flexible working conditions are amongst the key factors to drive the workforce revamp. With the growing influence of AI and Robotics in several sectors, some businesses are now reshaping the roles and responsibilities of the workers, eliminating some tasks, and creating demand for new skills. The integration of AI in industry 4.0 has led to the creation of “smart factories” and has significantly enhanced productivity, efficiency, and decision-making processes in manufacturing. The global market for AI in manufacturing was valued at $1.1 billion in 2020 and is expected to reach $16.7 billion by 2026.
During the pandemic, many companies adopted hybrid work models in view to be able to sustain their operations. The use of technology has been the cornerstone for the effective progression of this strategy. As of 2023, 12.7% of full-time employees work from home, while 28.2% work a hybrid model. By 2025, an estimated 32.6 million Americans will be working remotely, which equates to about 22% of the workforce. Moreover, a staggering 98% of workers expressed the desire to work remotely, at least part of the time. This reflects the workforce’s growing affinity towards the flexibility, autonomy, and work-life balance that remote work offers.
The hike in the gig economy is also acting as a catalyst in the transformation of the workforce as there has been a spurt in the number of people working as freelancers, independent contractors, or participating in platform-based work. Approximately 68 million workers in the United States work freelance. By 2028, the population of US-based freelance workers is projected to reach 90.1 million.
In view to sustain this transition, the process of lifelong learning has become a crucial aspect in the workplace as workers need to continuously upskill and/or reskill themselves. The WEF's Future of Jobs Report 2020 estimated that by 2025, 50% of all employees will need reskilling or upskilling. The OECD Skills Outlook 2021 report states that lifelong learning is key if individuals are to succeed in labour markets and societies shaped by megatrends.
Thus, with this growing prospect of the workforce transition, investors are expressing an optimistic investment approach towards firms which are proactively coping with this process, in the quest of devising their investment strategy for their portfolio. We have opted the following stocks to elucidate on this investment case.
The following stocks have been opted to elucidate on this investment idea:
- Alphabet Inc.
- Coursera, Inc.
- Uber Technologies Inc.
More details are available in the full Trade Idea
BRC Autocallable | Product Snapshot
For informational purposes only. Not investment advice.