We recently had the pleasure of catching up with our friend Kevin Wheeler about the future of work.
He said the most worrying employment trend developing globally, is the V-shaped Recession
We are seeing lower skilled jobs such as customer service in full employment whereas in the middle range, roles such as admin and manufacturing positions, are increasingly being automated, outsourced globally or simply done away with.
And then talent shortages are developing in IT, Engineering, Finance, Medical industries because those with specialist skills are very scare and in huge demand.
Kevin refers to this emerging trend as Credential Creep
Employers requirements are increasing with unnatural inflation although the job’s description hasn’t changed.
Kevin explains this is a response to wanting fewer people to do more work, deal with changes & new technologies.
But this is a bubble that surely has to burst soon as the people simply aren’t there, and unemployment or talent shortages will continue to increase otherwise.
Kevin suggests the answer lies in companies lowering their expectations and training new employees themselves.
