Workforce Shortage In A Digital Era Can 100 Remote Work Attract More Qualified Candidates

Master's Thesis from the year 2023 in the subject Leadership and Human Resources - Recruiting, grade: 1,0, language: English, abstract: What will happen if there aren't enough talents to fill the market in the future due to the demographical change? This study focuses on the potential of offering 100% remote work to counteract the workforce shortage in Germany. An empirical study has been conducted as an online survey to gain an overview of Germany's 100% remote job market. In a fast-changing world, digital transformation has become an evitable process for companies to adapt to new technologies and market trends. The digital transformation in Germany has been significantly impacted by the COVID-19 pandemic, positively and negatively. On the one hand, the pandemic forced German companies to embrace new technology more quickly and adapt to remote work. However, on the other hand, it pointed out Germany's weaknesses in digital infrastructures and cybersecurity. Additionally, many German companies face a shortage of workers due to digital transformation. Another reason that causes workforce shortage is demographical change. Companies cannot operate their business correctly, increase revenue, or drive innovations to survive in a competitive market without suitable candidates. Furthermore, the digital revolution shaped the current digital generations, as potential workers exhibit different digital behaviors and preferences. Therefore, companies must know them and their work preferences to fill the workforce shortage gap. Remote working as a sub-trend of the mega trend New Work has become the new standard for workers, especially since the pandemic. However, there aren't any specific regulations regarding remote work in Germany yet. In general, remote work provides workers, e.g., more freedom and a better work-life balance. Nevertheless, remote work also has the downside, such as workers experiencing isolation and loneliness due to the lack of social contact with co-w

Master's Thesis from the year 2023 in the subject Leadership and Human Resources - Recruiting, grade: 1,0, , language: English, abstract: What will happen if there aren't enough talents to fill the market in the future due to the demographical change? This study focuses on the potential of offering 100% remote work to counteract the workforce shortage in Germany. An empirical study has been conducted as an online survey to gain an overview of Germany's 100% remote job market. In a fast-changing world, digital transformation has become an evitable process for companies to adapt to new technologies and market trends. The digital transformation in Germany has been significantly impacted by the COVID-19 pandemic, positively and negatively. On the one hand, the pandemic forced German companies to embrace new technology more quickly and adapt to remote work. However, on the other hand, it pointed out Germany's weaknesses in digital infrastructures and cybersecurity. Additionally, many German companies face a shortage of workers due to digital transformation. Another reason that causes workforce shortage is demographical change. Companies cannot operate their business correctly, increase revenue, or drive innovations to survive in a competitive market without suitable candidates. Furthermore, the digital revolution shaped the current digital generations, as potential workers exhibit different digital behaviors and preferences. Therefore, companies must know them and their work preferences to fill the workforce shortage gap. Remote working as a sub-trend of the mega trend New Work has become the new standard for workers, especially since the pandemic. However, there aren't any specific regulations regarding remote work in Germany yet. In general, remote work provides workers, e.g., more freedom and a better work-life balance. Nevertheless, remote work also has the downside, such as workers experiencing isolation and loneliness due to the lack of social contact with co-workers, less productivity outside of the office, etc. For companies, offering remote work gives them complete access to the talent pools, including freelancers as external workers, reducing costs due to fewer offices; being more attractive to job seekers. But on the other side, remote leadership has become a big challenge for leaders. Furthermore, companies have to deal more with cyber security. When everything's going remotely, companies have become an easier target of cyber-attacks.

Times are changing and the labor markets are under immense burden from the collective effects of various megatrends. Technological growth and grander incorporation of economies along with global supply chains have been an advantage for several workers armed with high skills and in growing occupations. However, it is a challenge for workers with low or obsolete skills in diminishing zones of employment. Business models that are digitalized hire workers as self-employed instead of standard employees. People seem to be working and living longer, but they experience many job changes and the peril of skills desuetude. Inequalities in both quality of job and earnings have increased in several countries. The depth and pace of digital transformation will probably be shocking. Industrial robots have already stepped in and artificial intelligence is making its advance too. Globalization and technological change predict the great potential for additional developments in labor market performance. But people should be ready for change. A progression of creative annihilation is probably under way, where some chores are either offshored or given to robots. A better world of for jobs cannot be warranted – a lot will be contingent on devising the right policies and institutes in place.

World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolu­tion, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wear­able sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manu­facturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individu­als. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frame­works that advance progress.

From the creator of the popular website Ask a Manager and New York’s work-advice columnist comes a witty, practical guide to 200 difficult professional conversations—featuring all-new advice! There’s a reason Alison Green has been called “the Dear Abby of the work world.” Ten years as a workplace-advice columnist have taught her that people avoid awkward conversations in the office because they simply don’t know what to say. Thankfully, Green does—and in this incredibly helpful book, she tackles the tough discussions you may need to have during your career. You’ll learn what to say when • coworkers push their work on you—then take credit for it • you accidentally trash-talk someone in an email then hit “reply all” • you’re being micromanaged—or not being managed at all • you catch a colleague in a lie • your boss seems unhappy with your work • your cubemate’s loud speakerphone is making you homicidal • you got drunk at the holiday party Praise for Ask a Manager “A must-read for anyone who works . . . [Alison Green’s] advice boils down to the idea that you should be professional (even when others are not) and that communicating in a straightforward manner with candor and kindness will get you far, no matter where you work.”—Booklist (starred review) “The author’s friendly, warm, no-nonsense writing is a pleasure to read, and her advice can be widely applied to relationships in all areas of readers’ lives. Ideal for anyone new to the job market or new to management, or anyone hoping to improve their work experience.”—Library Journal (starred review) “I am a huge fan of Alison Green’s Ask a Manager column. This book is even better. It teaches us how to deal with many of the most vexing big and little problems in our workplaces—and to do so with grace, confidence, and a sense of humor.”—Robert Sutton, Stanford professor and author of The No Asshole Rule and The Asshole Survival Guide “Ask a Manager is the ultimate playbook for navigating the traditional workforce in a diplomatic but firm way.”—Erin Lowry, author of Broke Millennial: Stop Scraping By and Get Your Financial Life Together

This book offers an overview of India’s emerging digital economy and the resulting challenges and opportunities for urban workplaces. It examines contemporary economic and social transformations in India by focusing on how new technologies and policies are shaping urban work practices and patterns. The book emphasizes inclusive and equitable practices that consider the needs of the formal and informal sector workforce as essential to India’s urban development. Drawing on cross-disciplinary frameworks, it examines key issues related to work trends in the Indian urban economy and its digital landscapes, including Industry 4.0 and technology–labour nexus, smart cities and innovation, urbanism and consumerism, workplace transitions such as service industry and remote work, digital divide, skill development initiatives, and the impact of socio-economic inequalities and disruptions. The authors provide perspectives on the digital future of urban work in India and other emerging economies in the post-COVID-19 phase, and underscore the importance of enacting balanced policies, remodelling institutions, and equipping the labour force for adapting to new demands related to future employability and investments. This book will interest students, teachers, and researchers of urban studies, urban sociology, sociology of work, labour studies, human and urban geography, economic geography, urban economics, development studies, urban development and planning, public policy, regional planning, politics of urban development, social and cultural change, urban sustainability, environmental studies, management studies, South Asian Studies, and Global South studies. It will also be useful to policymakers, non-governmental organizations, activists, and those interested in India and the future of the global economy.

In the early 1990s, people predicted the death of privacy, an end to the current concept of 'property,' a paperless society, 500 channels of high-definition interactive television, world peace, and the extinction of the human race after a takeover engineered by intelligent machines. Imagining the Internet zeroes in on predictions about the Internet's future and revisits past predictions—and how they turned out. It gives the history of communications in a nutshell, illustrating the serious impact of pervasive networks and how they will change our lives over the next century.

Strategy and Behaviors in the Digital Economy is a collection of reviewed and relevant research chapters, offering a comprehensive overview of recent developments in the field of Business, Management and Economics. The book comprises single chapters authored by various researchers and edited by an expert active in this research area. All chapters are complete in itself but united under a common research study topic. This publication aims at providing a thorough overview of the latest research efforts by international authors on this field of study, and open new possible research paths for further novel developments.