Future of Work | The Office is Dead 🙇🏻♂️
(source: NAS Daily Video https://www.youtube.com/watch?v=BYMj58Jwpd0)
Disclaimer: Conclusions are personal and may not be intended to be communicated by the originator of video.
With changed dynamics, businesses realised recurring office-related costs are draining company profits; ‘Cost saved is Revenue Earned’.
Office rental, Employee Provident Fund/ Pension Scheme/ Medical Insurance, Reimbursements, Earned/ Paid Leave expense, Gratuity, Training, Team Building, Refreshments, HR staff cost, & more...
MSME (Micro, Small or Medium Enterprise)
Democratisation of technology: These organisations would also need to stay relevant in tech.
Cannot afford hiring & then keep re-skilling talent, every 18 to 24 months.
Therefore, two things got accentuated
Gig Economy | No office, Remote Jobs, De-congested Cities, Remote Talent.
Adoption of 4IR technologies (4th Industrial Revolution) | By Corporates, of all sizes, in the Gig way
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