84% of businesses to accelerate digitization of work processes in response to Covid-19
Aderemi Ojekunle is a Businessamlive Reporter.
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Saviour Adugba
- 83% to provide more opportunities for staff to work remotely
Most businesses plan to accelerate the digitisation of their work processes according to a research by the World Economic Forum titled “The Future of Jobs.”According to the report, businesses plan to digitise their processes employing the use of digitals, video conferencing among others.
In the same breath, 83 per cent of employers surveyed said that they are looking to provide more opportunities for their employees to start working remotely meaning that there will be an explosion in remote work opportunities.
Additionally, 50 per cent of employers say that they will accelerate the automation of task, 42 per cent of employers say they will digitise upskilling and reskilling, 35 per cent say they will accelerate the implementation of upsizing and reselling programmes, while 34 per cent say they will restructure and accelerate organisational transformation.
Meanwhile, 30 per cent of employers plan to reassign their existing workers to different tasks, 28 per cent of employers plan to temporarily reduce their workforce, 13 per cent of employers will permanently reduce their workforce, five per cent say they will temporarily increase their workforce, four per cent will not take any specific action, while just one per cent plan to increase their workforce on a permanent basis.
Additionally, the research notes that the accommodation and food services sector will see more employees losing more jobs as 47 per cent of workers are likely to become unemployed in the sector.
Furthermore, the wholesale and retail trade sector, the transportation sector, the education sector, and the construction sector will reportedly see 15 per cent unemployment growth apiece.
Also, the manufacturing and healthcare/social assistance sector will see a 14 per cent unemployment growth each; professional services will see a nine per cent growth in unemployment; government and public sector will see a growth of eight per cent unemployment; financial services and insurance will see a seven per cent growth in unemployment; mining will see a four per cent growth in unemployment; agriculture will see a three per cent growth in unemployment, while the utilities sector will see the least growth in unemployment with two per cent.