All articles tagged with #workforce trends
Originally Published 4 months ago — by Fortune
AI is not eliminating jobs but transforming their nature, emphasizing the importance of human skills alongside AI integration. Organizations are adopting AI to streamline operations, gain insights, and create new value, but must also focus on upskilling employees and addressing workforce uncertainties to ensure a balanced and inclusive future of work.
Originally Published 2 years ago — by Fortune
While Gen Z workers are hesitant to return to the office after launching their careers remotely, a significant number of retired Baby Boomers are eager to reenter the workforce. A study by Fidelity & Guaranty Life Insurance Company found that nearly half of current retirees are planning to return to work or strongly considering it, with financial reasons and a desire for social connections and purpose cited as motivations. The trend of "unretirement" has been fueled by a booming labor market, inflation impacting retirees' savings, and a fading fear of COVID-19. However, ageism and concerns about being judged by coworkers remain challenges for older workers seeking employment.
Originally Published 2 years ago — by Fortune
Contrary to popular belief, it was the baby boomers, not millennials or Gen Z, who were the original job-hoppers, according to new data from the Bureau of Labor Statistics. Men born in the second half of the baby boomer era had an average of 10 jobs by age 34 and 12.7 jobs by age 56. Millennials actually job-hopped at a slower rate than their predecessors, with older millennials holding an average of seven jobs by age 28. The decline in job-switching among younger workers in recent years has been attributed to factors such as the 2007 financial crisis, longer periods of education, and heavy student debt. Job-hopping has benefits for workers, including higher pay and a more productive economy overall.
Originally Published 2 years ago — by Yahoo Finance
Federal data from the Bureau of Labor Statistics reveals that the stereotype of millennials as job-hoppers is inaccurate. In fact, baby boomers switched employers just as frequently, if not more, than millennials did at the same age. Men born in the second half of the baby boom era had an average of 10 jobs by age 34 and 12.7 jobs by age 56. Job-hopping is a common behavior early in one's career, regardless of generation, and is influenced by economic factors. Millennials, in particular, experienced slower job-hopping rates compared to previous generations due to the 2007 financial crisis and the subsequent slow job market recovery. Job-switching has benefits for workers, including higher pay and finding the best fit for their career, and is associated with a more productive economy overall.
Originally Published 2 years ago — by The Wall Street Journal
The post-pandemic economy has led to a shift in the relationship between workers and employers, with employees showing less interest in traditional work arrangements. The rise of remote work and the increasing role of artificial intelligence in white-collar jobs have resulted in job losses and prompted some CEOs to reconsider their hiring plans. Initially seen as a win-win situation, remote work has led to changes in productivity and work-life balance.