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5 Trends That Might Shape the Egyptian Workforce In 2021

COVID-19 Financial Literacy Harvard Business Review Work Trends 2021
5 Trends That Might Shape the Egyptian Workforce In 2021
    written by
    May Mansour

    2020 was by far the most disturbing year in modern history. That being said, it would be a mistake to think that the pandemic’s impact has ended with the New Year. In fact, its repercussions hit the corporate world in particular, rocking – if not entirely collapsing – companies, organisations, along with business models and priorities.

    Society is evolving. Organisations are now facing a rapidly-changing environment that must respond to social justice movements, determine how to best support their business longevity and employee safety, and regulate access to COVID-19 vaccines.

    2021 will undoubtedly be a year of severe transitions to accommodate the workforce and ensure safety and adherence to pandemic guidelines. Nevertheless, such change will actually be for the benefit of both employers and employees alike!

    Based on an analysis by Harvard Business Review, here are our top five predictions set to shape work this year…

    1) Shifting to a full-time remote staff

    Working from home is the future for a lot of companies. There has been a significant rise in hiring full-time employees to work from the comfort of their own homes as the responsible solution to ensure safety during the pandemic. Accordingly, major companies are now recruiting employees from all over the world, allowing for improved job opportunities.

    2) Higher pay and lesser expenses with freelancing

    Due to working from home, employees can now take on several jobs, based on their areas of expertise, flexibility, and duration needed to execute tasks. Not being physically present at a particular job allows for freelancing multiple projects, accordingly receiving a higher income. Not having to travel for work also means a reduction in monthly transportation costs and increased savings.

    3) Employers will shift to managing the life experience of their employees

    According to Gartner’s 2020 ReimagineHR Employee Survey, employers that support employees with their personal life experience see a 23% increase in employee mental health and 17% rise in physical health, as well as a 21% rise in work performance and productivity. The pandemic has certainly allowed employers a peek into their employee’s personal lives, and accordingly, the opportunity to increase employee mental health and financial support will become the bare minimum expectation to ensure a business’s overall efficiency.

    4) Flexibility will shift from location to time

    Gartner’s 2020 ReimagineHR Employee Survey also showed that organisations with a standard 40-hour week program, only 36% are high-performing employees. In contrast, those who offer their employees flexibility over when and where they work, that figure rises to 55%. Soon enough, employees will be measured by their overall output rather than their productivity within an agreed-upon set of hours.

    5) Companies will make bulk purchases of COVID-19 vaccines for their employees

    Depending on the country’s future rules and regulations, companies may be forced to vaccinate their employees before allowing them to return to the workplace. Or, on the other hand, companies that require such proof before reinstating an employee without the government’s legal support could be sued over it.