What lies ahead for the future of work is a question that weighs heavily on every CEO and HR leader.
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We are also witnessing the convergence of various forces that will profoundly alter the work landscape in the coming decade. From the rapid progression of artificial intelligence to the emergence of generation Z in the workforce, alongside the impacts of climate change and globalisation, these factors are driving significant social and economic shifts. Both employees and employers will need to cultivate adaptability to navigate this evolving terrain effectively.
There is also an ongoing debate regarding the impact of AI on the workforce, with a growing consensus that millions of workers will need to undergo reskilling and upskilling to remain relevant in a shifting labor market. Thesuggests that net employment could decline by 2% over the next five years, thanks to AI and other structural workforce changes.
However, for many workers, this trend may undermine job stability and benefits. This means employers must proceed cautiously, particularly in a country marked by high unemployment rates and union opposition to job casualisation. South African HR leaders must strike a balance between capitalising on the opportunities offered by a more adaptable workforce and fulfilling their social responsibilities as well as adhering to labour laws.
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