Fundamentally, the work environment has not changed much over the last 100 years, and I believe we are on the verge of major changes and disruptions. These changes are deeper than the issues that COVID raised. Even if remote work is here to stay, this development does not impact many industries, such as the service industry, sales industry, and hospitality industry. Moreover, how open states are to these changes will drastically shape the legal environment and how fast these and other changes will take place. I make the following five predictions that I believe will change the work environment over the next decade:

1. Shared workforce among multiple employers.

Currently, each company is independent and is a silo by itself. I predict that employers will utilize technology to create a shared workforce between multiple companies. There are benefits for the employees and the employers in setting up a shared employment arrangement. The gig economy is just a start of this process, and companies are recognizing the efficiencies in utilizing a shared workforce. For employees, some benefits include more predictable, consistent work, as well as less risk because the employee will not be reliant upon only one company. Employers would benefit from a more stable workforce, the ability to attract a more skilled worker by guaranteeing more hours, and recognizing efficiencies in hiring by sharing this cost among multiple employers.

Sharing of employees could also be utilized in...

Read Full Story: https://news.google.com/__i/rss/rd/articles/CBMiWGh0dHBzOi8vd3d3LmNhbGlmb3Jua...