Future Of Work- A Millennial Point of View…

Author: Najia Maqsood

Knowledge Society is most often referred to as a new social and economic order. It is not uncommon to hear expressions such as information society, digital economy, network economy, and e-economy.

The future of work is being shaped by two powerful forces: The growing adoption of advanced and emerging technologies in the workplace, and the expansion of the workforce to include both on- and off-balance-sheet talent. What changes could be in store for the workplace, the workforce, and the nature of work itself?

Young people are pessimistic about the economy, business and progress say the Economist.

Are millennials really different from preceding generations? Some people tend to be cynical about such claims. 

But a new survey from Deloitte, suggests that millennials are feeling particularly anxious. The survey interviewed 13,416 people across 42 countries (with between 200 and 500 people in each nation, ranging from Argentina to Turkey).

Many millennials are unhappy with their jobs. The survey says 49% plan to quit within the next two years, up from 38% in 2017. (Of course, younger workers are naturally more footloose than their elders.) Dissatisfaction with pay is the biggest factor, followed by a lack of opportunities to advance.

What about the gig economy, which many assume will provide a lot of work for this generation (Freelancers earning increased almost 30% since 2017 to reach an estimated $1.5trillion in the US47% Freelancers are Millennials)? 

69% of freelancers agree that perceptions of freelancing as a career are becoming more positive.

It is projected that in 2027, 86.5 million people will be freelancing in the United States and will make up 51 % of the total U.S. workforce. 

There is an essential need to build an effective model beyond the international freelance economy.

We in the UAE, believe that there are untapped economic assets and this includes the youth, women, students, job seekers and people of determination.

The views are mixed though. While 48% think that “gig workers have a better work-life balance than those in full-time jobs”, 49% think “the employment rights of gig workers are not respected or protected” and 60% think they are only used to reduce costs. 

How can technology facilitate the process securely and seamlessly? and play the role of being a bridge, a connector between opportunities and talent? 

That’s where tech platforms like mesh come into the picture.

mesh is a skills and services marketplace, offering a reliable platform to support well-managed work opportunities without the legal and financial risks associated with freelancing. 

At the heart of mesh are the freelancers, which we call meshers. They use the platform to promote their services to private sector companies and government entities. 

The mesh model offers a unique value proposition by being a custodian of an effective freelance economy, the Mesh Economy.

With innovation and bright minds at the helm of new hybrid business models emerging today, the future remains hopeful in unprecedented ways.

We also encourage you to stay connected and read more content on mesh blog site.

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