Prepared for Laura B. | Delivered November 18, 2020
UK Future of Work
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Gain an understanding of trends in the future of work in the UK, with a focus on the advertising and media industries, in order to support a pitch for a technology platform that connects consultants with short term projects.
Growth of Project Based & Flexible Work
It's projected that the future UK workforce will have an increased amount of
flexibly employed external service providers,
and a decreased amount of permanent employees or long term contracted roles.
one UK policy-maker notes,
“The idea of a single education, followed by a single career, finishing with a single pension is over.”
It’s also projected that the future workforce will be more diverse, with “
and more international, with women playing a stronger role”, all of which are projected to lead to increased demand for work-life balance.
It’s noted that
freelance work and zero-hour contracts will become more of the norm than traditional employment, as organizations hire more people for project based work.
Digital Transformation Skills Gaps
It's also projected that as innovation grows exponentially within most industries, project based work will
. This is predicted to lead to
between in demand skills and available contractors with those skills.
An increasingly common challenge
will be when employers need to find skilled individuals to meet highly specific needs. It's predicted there will be issues filling vacancies in a rapidly evolving workforce, "due to a mismatch between skills of displaced workers and the requirements of available opportunities."
As a result, employers and organizations are likely to increase their
investment in skills development programs
, offering more apprenticeships and training based work placements to meet the needs of rapid technological evolution.
Future of Media Work
The media sector is expected to continue seeing increased digitization and automation post COVID, with social media and digital media continuing to
replace traditional media outlets.
One source notes that following COVID, "there are
four key strategic issues
that media and entertainment organizations should consider"; adjusting business models for better consumer engagement
redefining relationships with advertisers as spending decreases, reinforcing content production and distribution, and preparing for shifting consumer behaviors.
Workers in the communication and journalism space will require "
strong technological knowledge
to stay relevant", and competition is expected to grow in the space amongst independent workers and consultants.
Clients relying on freelance consultants are projected to seek specialists who are able to highlight their understanding of digital platforms and ability to
navigate digital transformation.