Learning and Talent Development

Shifting Away Towards Remote And Hybrid Work

According to the Global Remote Work Index which evaluates the potential of countries to qualify as remote work destinations Denmark, Netherlands and Germany have the highest score for quality remote jobs. Then comes Spain, Sweden, Portugal and Estonia. One of the reasons people decide to change jobs is their need for flexibility in the working relationship. A recent study shows that the most common reasons for a career change are: greater pay, better career development opportunities and a flexible working arrangement. So, people prefer remote or hybrid work for different reasons and the most relevant one is the freedom to choose their agenda from the comfort of their homes. This freedom of choice gives us a sense of independence and privacy. For some of us, this might be related to working away from colleagues or without direct supervision. It’s a fragile balance of home comfort, daily ups and downs of work productivity, inspiration and house chores. Remote work has been converted into a common practice of the working space to harmonize our professional and private lives. It's clear that remote working is not a possibility but it's a real change in how we envisage the future of our professional lives. We are shifting away from the classical working form to work agreements like contractors, freelancers or gig workers. Embracing The Remote Work Trend There is a generally positive outlook on remote working globally. The remote working trend has significant long-term social and economic implications. Some are related to new types of working spaces, new virtual tools and a mindset transition towards a new life and work balance. Remote working options may continue to grow as technological advances such as Cloud tech and AI can play a major role in the long run. Many expect remote work opportunities, so businesses must embrace workplace innovation. Unfortunately, by comparison with the pandemic period remote jobs were in decline in 2022 in both the US and Europe. Better work and life balance Whether we work remotely or not, we permanently seek to balance our daily work and private life. Two of the most important motivation factors for choosing remote work jobs are work flexibility and personal autonomy. So, flexibility and autonomy are natural tendencies for everyone wanting to reach that life and work balance. Also, for us to be content with what we do, personal autonomy to make decisions is a must. Remote workers have higher levels of job satisfaction due to better work-life balance, flexibility and an optimistic mindset due to more autonomy. Employers are challenged to meet the expectations of a workforce inclined towards flexible work arrangements. Highly developed countries have a greater number of remote roles available. Employers are adapting to a new work model by investing in technology, adjusting their policies, and helping employees effectively. The implications of this work model shift extend beyond modelling a new workforce. Unfortunately, remote jobs are not available for everyone. Due to the nature of work, there are a lot of jobs that can…

Comments Off

September 19, 2023

Shifting Away Towards Remote And Hybrid Work

Blockchain Technology – Transparency, and Consensus

According to recent research, the global blockchain technology market size will be extended to around USD 2,334.46 billion by 2032. Worldwide spending on blockchain is estimated to grow and reach about $19 billion by 2024. The blockchain market in Europe is expected to grow from US$ 1,234.08 million in 2021 to US$ 59,142.33 million by 2028. The forecast suggests that the blockchain market is expected to reach over 39 billion U.S. dollars by 2025 and, the banking sector will be investing in blockchain with around 30% of the technology’s market value. Through cryptographic hashing and encryption, blockchain can ensure that data stored within the distributed ledger (DLT) stays safe and is resistant to unauthorized modifications. Blockchain technical solutions rely on shared consent, data transparency and sensitive data safety. So, less oversight means that verification by an authority is not required. Blockchain technology - transparency, lower costs and less time spent on operations Blockchain is based on a peer-to-peer (P2P) network and was initially created to solve the double-spending problem. Overall, it is a distributed ledger, where transactions are recorded in blocks of data chained together in a dependable way. To integrate new input, is necessary to validate, save and store it and ultimately convert the input into output for the next block. One new record is the input data in a network composed of a myriad of machines. The new record or input stirs a request for acceptance and validation from at least some members of the network, or all in the case of the Bitcoin platform. Third parties involved are eliminated, thus saving time and costs for the business. Blockchain participants have access to a shared ledger. Without intermediaries companies benefit from transparency, lower costs and less time on operations. Potential for improvement in different industries Blockchain technology has the potential to improve a lot of industries. Retail, AI, IoT, agriculture, oil and gas, manufacturing, and cybersecurity are just a part of them. Here are some advantages of using the blockchain system in BFSI, supply chains and healthcare: Increased transaction speed and lower fees. In financial services and insurances-digital payments, investments, capital raising, assets, cryptocurrencies, NFTs blockchain transactions can be settled within a matter of seconds and reduce banking transfer fees. Blockchain makes these accessible, user-friendly and a solution to the traditional financial system. EU already created a strategy to integrate digitalised finance. Better product monitoring. In supply chains, some companies are already using blockchain to support their supply chains. Also, the delivery of products, location in real-time and product traceability is improved. Maintain regulatory compliance and data privacy. The blockchain market in healthcare is expected to grow from USD 2.37 billion in 2023 to USD 19.52 billion by 2028. Blockchain technologies can help to manage patient records or laboratory clinical trial data. At the same time, it can maintain regulatory compliance, data security and privacy protection. Career Development Paths in Blockchain Despite the strong overall decline of the blockchain market in 2023, the job global market is increasing in Europe. According…

Comments Off

September 4, 2023

Blockchain Technology – Transparency, and Consensus

Blockchain Transparency

Skills

Markets Trends And Tech Skills

Markets trends and tech skills indicate that the growth of the global technological market has created a need for new tech skills in our jobs. As a result, areas of the technological market like Automation and AI are continuously growing in size and require new types of skills, meanwhile, other demand for the rest of the jobs is shrinking. The cloud computing market in Europe is estimated to reach 560 billion euros by 2030. AI is expected to grow to $407 billion by the end of 2027 and cyber security is projected to reach $424.97 billion by 2030. The tech jobs market is responding to our needs for digitalization, continuous development, and support of existing technologies. According to a McKinsey paper on the future of work in Europe, many of the jobs that employers might need to fill by 2030 require a higher level of skill and fast-growing occupations like software and application developers may need specialized skills. Cloud computing tech skills Our need for remote access, monitoring data flow, and data storage made cloud computing a highly demanded technical capability in the global job market. Due to remote and hybrid work requirements, cloud technology impacted us both as employees and as daily consumers. Cloud technology is about infrastructure, servers, storage, networking, databases, operating systems, and software applications. Jobs like cloud developer, database developer, and network engineer require skills related to designing, monitoring, and automating processes and workflows of cloud infrastructure. So, to work in cloud computing, apart from usual programming skills, you will need specific cloud skills like migrating data, systems architecture, and design, monitoring system performance, networking, scaling, security, etc. Cloud providers offer free courses on their platforms that can help get you certified or specialized in this field. Cyber security Tech skills Different technologies are evolving and changing, but so is the need for skilled people to provide network and software systems safety. Along with cloud technologies, remote work, and new AI models, cyber security skills gap has increased. Cyber security is a broad domain and deals with network security, data encryptions, cyber-attacks, system infrastructure, IT standards risk, and compliance. Some of the highly demanded roles related to cyber security are cyber security engineer, network security engineer, or chief information security officer (CISO). Skills and experience for these roles are in cloud security, network security, operating systems, encryption techniques, identity access management, scripting programming languages, and IT standards like ISO 27000 series or NIST SP. For obtaining cyber security jobs or career development, formal certifications might be an advantage. Consequently, some cyber security certifications are required by institutions or governmental agencies as mandatory recruitment selection criteria, but there are also free courses available. Artificial Intelligence (AI) skills The challenges and complexities of creating AI software make tech AI-related skills valuable for companies. Some of the highly demanded AI jobs are data scientists, machine learning engineers, and robotics engineers. Among the skills and knowledge critical in developing AI models and applications are programming languages, machine learning techniques, natural language…

Comments Off

July 14, 2023