The North American workforce is changing. With the advent of new technologies and the ever-growing digitalization of our lives, the traditional workforce is evolving. Gone are the days when a worker could expect to have a job for life with one company.
Now, there are more opportunities than ever for workers to telecommute or take on new roles. In this blog post, we will explore some of the changes happening in North America and how they will impact small businesses and workers alike.
The North American Workforce is Changing: What Does This Means for Your Business?
A prevalent trend in the North American workforce is the incidence of demographic transition. For example, as baby boomers (those born between 1946 and 1964) begin to retire, they are leaving behind a smaller pool of workers to replace them.
At the same time, millennials (those born between 1981 and 1996) are now entering the workforce in large numbers. In addition, another generation is just starting to enter the workforce: centennials (those born between 1997 and 2012).
Both generations are often referred to as digital natives because they have grown up with technology. However, in terms of size, millennials are the largest generation in the workforce, followed by Gen Xers (born between 1965 and 1980) and then centennials in the United States, Mexico, and Canada.
How having millennials and centennials impact the workplace in North America? Small businesses can benefit from younger workers and receive the best of the future of workforce.
Moreover, younger employees tend to be more comfortable with changes and adapt well to new technologies. Also, they can add creativity, innovation, and collaboration to problem-solving within companies.
In this video, you can learn more about how millennials shape the American workforce.
Automation and Artificial Intelligence (AI) Can Replace People, But There Are Still Plenty of Opportunities Available
Advances in automation and AI have led to a rapidly changing workforce, where machines are increasingly taking on tasks that people have traditionally done. This has led to significant job losses, particularly in manufacturing and other low-skill sectors.
However, there are still plenty of opportunities for those willing and able to adapt to the new reality. Small businesses, in particular, continue to thrive as they are not as reliant on large-scale production. So, although the work landscape is changing, there are still plenty of opportunities for those willing to look for them.
On the other hand, using technology companies opens up a discussion on the synchrony between employees and machines, which can result in economic growth. Small businesses can take advantage of this human-machine synchrony to thrive.
Education and Training Will Be Essential for the North American Workforce of the Future
The North American workforce is evolving. Many workers had jobs for life but no longer. Today, workers must adapt to changes in the economy and employers’ needs. As a result, education and training will be essential.
Small businesses are the backbone of the North American economy, constantly changing and adapting to stay competitive. As a result, they need adaptable workers willing to learn new skills. Unfortunately, many small businesses cannot afford to provide comprehensive training for their employees, so it will be up to individuals to ensure they keep their skills up-to-date.
In order to stay ahead of the curve, it is essential to invite your employees to update their skills and knowledge continuously. Remember that those who are prepared for the future will be able to take advantage of opportunities as they arise.