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Top 8 HR

Trends
in a

Post Covid-19
1
World
Trend #1
Automation and AI are
accelerating the demise
of many professions
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Automation will speed up !
• Whatever can be automated – will be
automated !

• There will be a loss of Professions, Not Jobs


(Lots of reskilling and upskilling will be needed)

• AI, Chatbots, SAAS and Cloud adoption is


accelerating and is now a necessity of business

• Driverless Cars, Drones, IOT, Blockchain, 3-D


Printing are long-term trends which will disrupt
even jobs that need physical work
Trend #2
Gig Economy is Dead!
Long live the Gig Economy

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Gid Economy Outlook

• Gig Workers are seeking Security (Unionization)

• Businesses will seek more freelance work


(performance based variable pay)

• Between these 2 contrasting forces – a new form of the


Gig industry will emerge.

• One in which Gig Workers will be paid on outcomes but


will enjoy traditional Employment protections (like
insurance and gratuity)
Trend #3
Everyone wants
Work From Home

But …….
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Companies want Return to Office
The ones who want to work from Home are
the ones who are in real danger of being
disrupted by AI and by an army of
freelance workers

IT coders, Bankers, Tele-sales,


Excel-sheet-pushers, BPO, KPO,
Graphics, Digital marketers,
Data analysts, Middle-
Management
Workers and Work from Home Workers

And majority of the Workers don’t have


a choice and will continue to work in
fixed places

Doctors, healthcare workers, farmers,


retail, cooks, restaurants, airports,
train stations, vegetable vendors,
groceries, drivers, logistics, shipping,
police, security guards, cleaners,
milkman, construction workers
Trend #4
The only skill which
matters - Owners Mindset

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The Most Important Skill
• Businesses will pray at the altar of results as the entire
mindset and winds of change point in the Direction of
Profitability and Cash in Hand

• The most prized skill in an employee is the Owners


Mindset – keeping costs down, variable pay based on
performance, adoption of Digital technology to
increase efficiency, getting ahead on less

• Outcome and Milestone driven behaviour is now


prized above all else by Employers

• In this time of uncertainty the Employees want


Certainty and Stability
Trend #5
The Age of Excess is
Behind us

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The Age of Excess will go down
• Average CEO Pay used to be 150 - 300 times that of the
normal employee in his/her Company

• This will change as the bottom 99% is asking questions

• Drivers and metrics of measuring success and


compensation is undergoing a change so that outsized
Bonus and Incentives will reduce

• Even though currently there is “Revenge Consumption”


– long term Businesses and Jobs that depend on
ostentatiousness and bourgeois face difficult days with
demand compression and changing behaviors
Trend #6
This will become an
urban legend :
Your salary goes up with
experience
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Experience and Salary Correlation

• Outcome and Milestone driven pay metrics and


levers will rise

• Upgrading one’s skills, re-learning and life-long


learning is now a requirement for everyone

• Experience will still be valued – but the linear


correlation between number of years of
experience and rising pay will be fractured
Trend #7
Personal Resets have
Changed Employee Behavior

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Personal Resets may Lead to new Behaviours
• Most Employees will go back to old ways
of working with some resistance

• Other Employees having experienced a


simpler life, or going through brutal
retrenchment may want a new normal

• Flexible Work-Hours, Proximity to work


place, certainty and stability in their
current job would become common
drivers of Employee Happiness
Trend #8 :
Turnover is vanity,
Profit is sanity,
Cash is reality

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Companies with Low Cashflow will struggle
• The Startup bubble is already deflating

• Employees are recognizing and gravitate towards


businesses with strong cashflows and stability

• Talent employed in these sectors will need to re-skill,


upgrade and look to move up the Value Chain or plan
their next Career Move to a different Industry or
Position
About the Author

Amit Saxena is a Recruiter with extensive experience running


Recruitment and HR Companies in India and the Middle East. He has
compiled this presentation based on a survey of Business Owners and
HR Managers from the Middle East and India. It also draws from
publicly available information

Follow Us
BLOG : http://frogrecruiter.wordpress.com
Website: www.ambeinter.com
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