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Monday, May 6, 2019

The ‘mobile workforce’ will dominate the new economy


The Industrial Revolution was initiated through new technology — the steam engine — but its impact was felt widely across where people lived and worked, with whole new communities and social effects resulting. Cities, offices, suburbs, factories arose and, in time, the current technological revolution will have just as great an effect, making everyone as mobile as they wish to be.



Gig economy is re-shaping the workforce dynamics. Technology has fundamentally altered the nature and perception of work. Work and workforce are no more limited to the four walls of an organisation. The fourth industrial revolution will rejig workforce model in a manner which will disrupt and uproot already existing business models. Gig economy has become one of the leading frontiers in the HR industry, hinting towards a rapid change in the traditional sourcing and management of manpower. Times Jobs conducted a comprehensive survey on the rise of gig economy and its impact on HR fraternity. 
 New economies will grow away from cities and new social structures will evolve, enabled by this mobile, flexible and adaptive way of working. Requesting flexible working has become a legal right in some countries, and even where it isn’t, it’s becoming an essential for modern work and the only way to compete for the best people in an increasingly febrile “war for talent”.


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