In a radical call on working trends, one of Europe’s biggest banks plans to cut their office spaces by 40% in the coming years. Plus, businesses are ready to start hiring again, female representation in corporate leadership remains low, digital labour platforms are transforming the world of work, and millions of new tech jobs will emerge in the next five years. Read this week’s trends from the world of work.

#1. HSBC to cut office space by 40% - nearly halving all their office spaces in the coming years as one of the most radical calls on working trends in the wake of the pandemic

 

In a radical change, one of Europe’s biggest banks plans to cut their total office space in half over the coming years as the future of work continues to change following the pandemic, according to The Times. HSBC announced this week that they plan to vacate 40% of their office spaces in London and other cities around the world as part of their plan to cut costs and improve returns. Read more here.


Photo by Tim Alex on Unsplash

Photo by Tim Alex on Unsplash

#2. Businesses are ready to start hiring again for the first time since the pandemic started, survey shows

 

Many companies are finally ready to start hiring again, for the first time since the pandemic started, according to a report in The Times. A survey of more than 2,000 employers found that confidence about an economic recovery is rising, and as a result, recruitment efforts are restarting. Business confidence about hiring is at its strongest level for the past 12 months, according to the survey done by the Chartered Institute of Personnel and Development and Adecco. Read more here.

Photo: Christina @ wocintechchat.com

#3. In the U.S., female representation in corporate leadership is low – just 5.5%. Getting more women into the CEO chair means having more women CFOs and CTOs

 

In the U.S., female representation at U.S. corporate leadership levels still remains low, despite some slow progress in recent years: just 5.5% of the top 3,000 roles, according to a study by FactSet. The number lags behind many European countries like Sweden and France, as well as some Asia-Pacific countries like Thailand, Japan and the Philippines. It’s still a larger number than the percentage of women of colour in senior management: just 3%. Read more here.

Photo: FactSet

#4. The role of digital labour platforms is transforming the world of work

 

Digital labour platforms have grown fivefold in the past decade as diverse types of businesses rely heavily on online web-based platforms for recruitment, according to the World Employment and Social Outlook Report 2021. Many of the workers on these platforms are primarily male and highly educated. Though digital platforms provide the primary source of income for many workers, the level of earnings vary greatly for workers depending on where they are based. The flagship report offers a better look at how the contemporary platform economy is transforming the way work is organised. Read more here.

Photo: Glenn Carstens-Peters via Unsplash

#5. Some of the hottest jobs of 2021 are e-commerce, digital content, and healthcare jobs – and they can all be done remotely

 

In the next five years, more than 150 million new technology jobs will emerge as 84% of employers plan to expand remote working, according to a World Economic Forum report and LinkedIn job analysis. For many, the digital revolution may mean a career change. Those with strong digital skills have a big leg up on the job market. According to an analysis of 15 countries across the world, some of the hottest jobs in 2021 include e-commerce roles, healthcare rolls, and digital roles. Read more here.

Photo: Glenn Carstens-Peters via Unsplash

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