Post-Pandemic Workforce Transformation: Overcoming Barriers for Collective Wealth Enhancement
In a new whitepaper titled 'Future of Work post-COVID: Bridging divides for shared prosperity', McKinsey & Company has highlighted a significant disconnect in the workplace, particularly around digital transformation.
The pandemic has accelerated digital transformation across all sectors, and business leaders are more optimistic about the positive impacts of technology on the future workplace than workers. According to the whitepaper, 74% of business leaders polled at the FU.SE Digital 2020 event are optimistic about the benefits of digital transformation for the workplace. However, only 35% of workers share the same optimism.
The whitepaper explores this expectation mismatch, which could lead to further polarization of the workforce. It suggests that this divide could potentially undermine gains made in terms of gender equality, diversity, and inclusivity, as women are more likely to lose jobs due to the impact of COVID on the jobs market. In fact, 43% of women expect the post-COVID future of work to be worse compared to 39% of men.
The whitepaper also reveals differences in priorities between leaders and workers. Operational sustainability is a higher priority for leaders than workers, while workers have more concerns about employee welfare. Additionally, while high-end tech skills are valued by both, their views differ on the merits of soft skills.
The white paper complements McKinsey & Company's earlier research, Reset Normal, a global survey of 8,000 people. It aims to provide solutions for aligning the expectations of workers and business leaders more closely.
One of the key findings is that leaders envision a move towards more remote working, while workers focus on more flexible work schedules. This discrepancy could lead to potential issues in the post-COVID workplace if not addressed.
If female workers are disadvantaged, this could have serious implications for gender equality in the workplace. The whitepaper emphasises the importance of bridging these divides to ensure a shared prosperity in the post-COVID world of work.
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