Let’s get real, whether the specific country polishes their unemployment into whatever categories for those who stay out of the labour, seal under the resignations or force to make that choice. From the US, Germany, Japan all see the same trends and the rest follow globally.
Obviously COVID-19 pandemic force hotels and accommodations industries the most, in particular for those among the large proportion of low-wage, customer-facing workers due to decline in the demand as the COVID-19 pandemic continue to come out with new variants, from Delta to recent Omicron.
Mid-career employees between 30 and 45 years old have also been noted to rise within the period, due to higher pay rate but productivity or the adoption of digital transformation and artificial intelligence (AI) and the real time mass reaching communication, make the need for the middle tier management become obsolete. Not to mention some high tech companies practice age groups, once you reach the threshold and you are not capable of growing into higher management and leadership roles, they prefer staffing with your generation of employees who can provide fresh new perspectives and bring in a new generation of technology background.
Health care industries is under high pressure to deal with the COVID-19 pandemic and field works, which increased workloads and burnout. Air travel or even leisure cruise due to COVID-19 pandemic, together with the tourism, is another key industries for great resignation. As those air travel to cruise business undergo downsizing, restructuring to even shut down the specific business, which end up contributing a big proportion of the great resignation figure during the period.
Manufacturing, depends on which countries, as multinational corporations shift their manufacturing based either due to specific country policy pressure or shift to country provide better tax incentive. We will see the rise in employment rate in manufacturing in specific countries, but some contribute to the unemployment rate figure, in particular for the dynamic change in China, India, Vietnam, for instance.
Adoption of various modern technologies, such as a variety of artificial intelligence (AI), being documented how they rise on average of the 30% of the productivity for the said enterprise who invested on it. Whether in the form of smart factory or complete eliminate as many manual labour as possible to achieve high precision and fully automated manufacturing and capable to on-demand manufacturing for the smaller quantity but variety of the products to fulfilled the market orders, to labour intensive workflow implemented workflow robotic process automation (RPA) eliminate the complex human involvement in processing of the variety of the documents with software robots. Or in the traditional call center become a chatbot assistant. Recent report self driving cases for long distance driving to backend chef robots to handle food and beverage business requirements. All is directing the future growth into the rise of AI, and the need for coexistence to get the best from it.
E-SPIN Group in the enterprise ICT solution supply, consultancy, project management, training and maintenance for corporation and government agencies did business across the region and via the channel. Feel free to contact E-SPIN for your project requirement and inquiry.
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