The Future of Work: Navigating Demographic Change, Skill Shortages, and Digitalization

2023-10-24 20:12:27

| editorial staff

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24.10.2023

PwC invited people to discuss three scenarios for the new world of work. It discussed challenges such as demographic change, an aging population, the increased need for nursing staff and the shortage of skilled workers.

We are in the middle of a profound transformation: demographic change, decarbonization and digitalization are challenging us – even in the current simultaneity of these three phenomena. But they also offer opportunities to improve life and work in concrete terms.

Under the patronage of their CEO Rudolf Krickl, well-known top managers from industry and business came to a joint dialogue with the new AMS co-chairman Petra Draxl. The future of the labor market and what changes will await companies and employees were discussed. Moderated by Rainer Nowak, there was a debate about the challenges and opportunities.

Future of work

The tenor: The future of work will be shaped by major trends that are changing jobs, the workforce and the nature of work. Questions were discussed such as how the increasing use of technologies such as artificial intelligence (AI), machine learning and robotics will fit into the workplace, but also how the spatial distribution of the workforce and the cumulative increase in hybrid workplace models will change. After all, the corona pandemic accelerated digital transformation in the workplace almost overnight.

Sociopolitical contribution to the discussion about the labor market

“We are pleased that with this dialogue we were able to make a socio-political contribution to the discussion about the labor market of the future. It is a forward-looking look into the future, which, however, brings with it tons of variables that we do not yet know about. Challenges such as Demographic change, an aging population, an increased need for nursing staff, the much-discussed shortage of skilled workers, more flexible working models, as well as rising housing costs, migration and a longer working life dominate our challenges. Nevertheless, you have to see an opportunity in every challenge. CEOs know “that they have to constantly reinvent their company in order to meet the next challenge – because without transformation, employers will not be able to overcome the current challenges,” says Rudolf Krickl.

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The following people were there, among others: Wolfgang Hesoun (ex Siemens CEO), Hans Peter Schützinger (CEO Porsche Holding), Stefan Dörfler (board member Erste Group), Silvia Angelo (CEO ÖBB Infra), Domagoj Dolinsek (CEO & Founder Planradar), Holger Bonin (Director IHS), Monika Köppl-Turyna (Director EcoAustria), Gerald Resch (General Secretary of the Banking Association), Christiane Wenckheim (CEO Ottakringer), Rainer Borns (Board Member Volksbank), Gerald Resch (CEO Banking Association), Petra Draxl (CEO AMS Austria) , Clemens Niedrist (General Secretary Raiffeisen NÖ-Wien), Paul Rockenbauer (KC of BM Kocher), Stephan Hebenstreit (Yokoy). PwC Austria regularly organizes dialogue platforms for socio-political exchange.

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