
Key Trends Impacting the Way We Work
Race and ethnicity will continue to be a key focus in 2021 and beyond, and organizations are also thinking about diversity in a larger context to guarantee that they recruit and retain the very best talent.
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CIO Applications Europe | Tuesday, March 09, 2021

Race and ethnicity will continue to be a key focus in 2021 and beyond, and organizations are also thinking about diversity in a larger context to guarantee that they recruit and retain the very best talent.
Fremont, CA: The pandemic not only confirmed that remote work is feasible for a huge number of people, but it also put a spotlight on topics like mental health, team participation, efficiency, data privacy and safety threats, and much more. Here are four trends that will impact the way we work:
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Fostering Diversity & Inclusion
An effective diversity and inclusion initiative is an essential part of every company's sustainability and recovery plan in the rapidly evolving world brought on by the global pandemic.
Race and ethnicity will continue to be a key focus in 2021 and beyond, and organizations are also thinking about diversity in a larger context, including subjects like social mobility and neurodiversity, in order to guarantee that they recruit and retain the very best talent.
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Restructuring
The global pandemic has certainly drawn attention to the importance of proper staffing in every business. Employers were forced to critically assess headcount as production and services slowed. Although redundancies abound, many employers are keeping an eye on the horizon to prepare for a potential market recovery. To that end, innovative job-loss strategies are gaining traction.
Many workers are required to be more open to new job arrangements to avoid redundancy due to a dramatically reduced probability of finding alternative jobs in the short term. Salary reductions, deferral of bonus payments and other benefits, and even agreeing to a duration of unpaid leave are examples of such agreements.
Businesses that can find a cost-effective approach to retaining employees can see a return on investment in employee satisfaction when work resumes and skilled and experienced workers ready to boost production in no time.
Unlocking Flexibility
Many businesses implemented remote working opportunities as an immediate measure at the onset of Covid-19, offering flexibility that benefits both individuals and organizations. Many Fortune 500 CEOs discovered that working from home is a viable option during the pandemic.
Flexible distribution models, emerging technologies, and financial stability are all priorities for businesses. Many believe they will tap into new talent pools with fewer regional restrictions and lower real-estate prices. Others are more concerned with how remote models can sustain innovation, teamwork, commitment, and efficiency.
Employee Activism
Consumer and employee activism, a growing regulatory structure, and political pressure at both the global and national levels are merging to push ESG (environmental, social, and governance) concerns to the top of the board of directors and management's agendas.
Millennials and Generation Z are even more outspoken about their beliefs and demand that their employers do the same. Discord and dispute in the workplace must be addressed urgently, necessitating stringent social media policies, effective whistleblower policies and procedures, and more.
Along with this trend, union advocacy is increasing, with campaigns focusing on topics like pay equality, Covid-19 measures, health and safety, and working conditions in general, as unions try to remain significant, reverse declining membership, and gain a foothold among the next generation of employees.
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