The World Economic Forum’s Jobs Reset Summit happened last October 20-23, 2020.
Day 2 was all about work, wages, and job creation which we found very interesting and timely. At the first quarter of this year, the coronavirus pandemic directly affected the workforce sector when jobs suddenly transitioned to a remote environment.
The sessions and panel discussions really delved into the conversations about the future of jobs, setting new standards for working in the new normal, and building a more human-centric work culture despite going digital and virtual. The speakers also talked about how the workforce sector will rise up even after the pandemic.
Women are the most affected
In one of the sessions, the panel discussion led by WEF Managing Director Saadia Zahidi focused on the pandemic-related job loss that happened worldwide. A lot of businesses and companies closed down due to the effects of the health scare, and the most affected are women.
In many countries, women are regarded as caregivers of the family. With the schools shutting down and family members on lockdown, working women were forced to stay at home and take care of everybody. With the entire duration of the pandemic extending to nearly a year, it might be difficult for them to return to work. A possible scenario that could happen is when the office becomes a place only for men.
The essentials for resetting the future of work
In another one of the sessions, Lynda Gratton, Professor of Management Practice at London Business School, talked about the 5 imperatives for resetting the future of work. It includes transforming organization design and work design, aligning new technology and skills, building human-centric leadership culture, cultivating health and wellbeing, and embracing stakeholder capitalism.
These should be done by corporations and government institutions as their role in this situation and beyond. We’ve learned that these are the most important things needed in the preparation for the future of work. These are the drivers of the much needed jobs reset to match the new normal.
Technology is transforming us
In another thought-provoking session, Harshvendra Soin, Global Chief People Officer and Head of Marketing at Mahindra Group, explained why the new normal should be called the now normal.
The pandemic led us to find an alternative workforce through remote workers. Working remotely means getting to use new and existing technologies to manage communications and speed up everything we do in the virtual world.
With this change, in today’s meaning of digital transformation, we, as humans, are the ones being transformed by technology. Using these technologies will be the key to success in the jobs of the future.