Current Employment Trends and Their Implications for Business, Society, and Individuals
February 12, 2025
Employee development activities refer to steps taken by an organization in order to encourage employees to constantly enhance their skills with time and upgrade their existing knowledge. Knowledge upgradation is essential to cope with the changing times and unforeseen circumstances. You just cannot apply the same skills everywhere. One needs to keep himself/herself abreast with […]
Human Touch: the Key Skill that You need to Outlast the Machines What is that humans can do and machines cannot? Or, what is that helps you to retain your job from automation and avoid being replaced by a robot? What are the in demand jobs in the future that makes some occupations more critical […]
Who is a Knowledge Worker ? A knowledge worker is one who uses knowledge as the capital for work and who uses brain power rather than brawn power to get the job done. In other words, knowledge workers “think for a living”. A knowledge worker is also one who uses creative thinking, out of the […]
The Importance of Feedback in Organizations and the Role of the Managers in the Process Feedback is an integral part of any organizations workplace procedures. Managers are expected to provide regular feedback to their employees who in turn, are expected to incorporate such feedback into enhancing their performance. Moreover, feedback is also a necessity as […]
Nurturing and Building Youth Entrepreneurship has got to be a long term developmental program with strategic focus and policy framework at the National Government level identifying specific areas and programs to nurture and build awareness of amongst the Youth, train and enhance their skills required for starting business enterprise. This calls for including Youth Entrepreneurship […]
Students and working professionals have to reinvent themselves at every stage of their student lives and careers. Especially in the context of the ongoing recession where hiring is slow and the competition for jobs is intense, all of us have to continually keep upgrading our skills and becoming more competitive.
The simple rules for businesses and individuals in society is that one has to be more competitive than the other if one has to win the race. Therefore, the cardinal rule here is that one must do whatever it takes to stay ahead of the rest of the pack.
This can mean that one has to acquire new skills, learn new languages, and try out different soft skills and practical experience gaining endeavors among other things.
For instance, for working professionals who want to be competitive, learning new languages (especially foreign languages) would be an added advantage, as they would then be considered for lucrative overseas assignments.
Similarly, working professionals can also enroll in soft skills upgrading courses and acquire computer and technological skills so that they are at an advantage when compared to others when management decides on whom to pick for promotions and other opportunities.
Further, when economic conditions are bleak and jobs are scarce, the competition for limited resources increases and this is where individuals with additional skills are in demand.
The best example of this would be those graduates who are enrolling in part time courses that teach new skills and new courses to add to the resume. Even when the economy is booming, it is often the case that professionals with added edge over their peers are hired for jobs.
For instance, during the tech boom of the 2000s, many professionals from manufacturing and other sectors were absorbed into the IT industry as they had sectoral and vertical experience which when combined with IT skills made them the perfect fit for the companies.
For students, it makes sense to take electives and optional courses in areas other than their core competencies as this would help them become a well-rounded individual who would be preferred over others who have remained stuck to a narrow focus.
In other words, those professionals and students who bring to the table additional skills and additional expertise are often at an edge over their peers.
In academics, many teachers and professors often change with the times and reinvent themselves.
For instance, there are many economics and management professors who in the time of the tech boom reinvented themselves as professors of managerial economics and economics of information systems so that they can get more funding for their work and further their careers in academia. The reason for citing this example is that this is an apt description of how one can reinvent oneself by combining the present and the existing skills and merging it to suit the changing trends.
The key aspect of this example is that economics is common to all management subjects and hence, the basic core competence in economics has been combined to the changing trends of IT and strategy.
Similarly, many middle level managers often enroll in long distance and part time management courses so that they would have management degrees to buttress their resumes and become more competitive than their peers.
Further, many students often participate in soft skills training programs so that they are at an advantage over others whose language, interpersonal, and communication skills are better.
Finally, as in life so in career and hence, one must change with the times continually so that one is always ahead of the pack. This means that one has to anticipate the changing circumstances and trends and prepare oneself accordingly so that they are at an advantage of others who have not done so.
Remember that chance favors the prepared mind and hence, it is always good to anticipate and prepare for the future.
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