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Employment Trends (The most valuable job skills at the moment (1) Most…
Employment Trends
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On-demand economy
On-demand economy is employment phenomenon when employees rely on intermediaries to supply them with contracts for work and are ready to be subcontractors.
The on-demand economy gives consumers greater choice, while letting people work whenever they want. Society gains because idle resources are put to use.
The on-demand economy certainly produces unfairnesses: taxpayers will end up supporting many contract workers who have never built up pensions.
People will have to master multiple skills if they are to survive in such a world - and keep those skills up to date. They will have to learn how to sell themselves through personal networking and social media.
Recent trends
2)The new jobs have come through in-service industries. the high-value service industries (hi-tech industries, business services, education services, health services, the cultural and creative sectors).
3)The biggest job growth is taking place in major cities. So, this is a big problem because the new jobs are occurring only in certain parts of the country, and other parts of the country are seeing little benefit from this job growth.
1)Jobs have become much more skilled, jobs which require high levels of skills.
4)The increase in the number of self-employed workers.
Knowledge-intensive industries and creative occupations are the largest and fastest-growing segments of the freelance economy.
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Giganomics
Giganomics is employment phenomenon when employees instead of job for life rely on a series of “gigs”, juggling one-off projects, short-term contracts and assorted consultancies
A gig economy undermines the traditional economy of full-time and part-time workers who rarely change positions and instead focus on a lifetime career.
Portfolio working
Advantages
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Portfolio workers get the freedom to pick and choose work, and to do it at a time that suits.
Disadvantages
These people have to be excellent at time management, should be able to have a better work-life balance and to always be on call whenever the employer wants them.
A portfolio career isn’t for the fainthearted; there’s a zero-tolerance attitude to being late or missing a commitment.
Freelancers’ lives are burdened with all the uncertainties and indignities of gig work, grafting three times as hard for the same money as a salaried employee, without any of the benefits, such as seek and holiday pay or a pension.