The world of work has changed dramatically in the past few years, especially due to the impact of the Covid-19 pandemic. More and more people are working remotely, either full-time or part-time, and employers are adapting to the new realities of the global and remote job market. In this article, we will summarize some of the key reports and trends that you need to know to succeed in this evolving landscape.
The Global Job Market in 2023
According to the World Employment and Social Outlook: Trends 2023 report by the International Labour Organization (ILO), the global labour market is facing multiple challenges and uncertainties in the aftermath of the economic and geopolitical crises triggered by the pandemic. The report highlights some of the main trends and issues that affect the world of work, such as:
The global unemployment rate is expected to decline slightly from 6.1% in 2022 to 5.9% in 2023, but it will still remain above the pre-pandemic level of 5.4% in 2019.
The global labour force participation rate is projected to increase from 61.4% in 2022 to 61.7% in 2023, but it will still be lower than the 62.2% recorded in 2019.
The global labour productivity growth is forecast to rebound from -1.8% in 2020 to 3.6% in 2021, but it will slow down to 1.9% in 2022 and 1.7% in 2023.
The global working poverty rate is estimated to rise from 8.4% in 2019 to 9.6% in 2020, and then decline to 9.2% in 2021 and 8.9% in 2022, but it will still remain above the pre-pandemic level of 8.4% in 2019.
The global informal employment rate is expected to increase from 60.1% in 2019 to 61.2% in 2020, and then decrease to 60.8% in 2021 and 60.5% in 2022, but it will still be higher than the pre-pandemic level of 60.1% in 2019.
The report also emphasizes the need for more inclusive and sustainable policies and practices to address the social and economic inequalities, the quality and quantity of jobs, and the environmental challenges that the global labour market faces.
The Remote Job Market in 2023
According to the Future of Jobs Report 2023 by the World Economic Forum (WEF), the remote job market is one of the most significant drivers of labour market transformation in the next five years. The report reveals some of the key findings and implications of the remote work phenomenon, such as:
The share of remote work is expected to increase from 8.9% in 2018 to 22% in 2025, with a significant variation across industries and occupations.
The most in-demand skills for remote workers are digital skills, such as cloud computing, artificial intelligence, and data analysis, as well as soft skills, such as problem-solving, creativity, and communication.
The main benefits of remote work for workers are flexibility, autonomy, and work-life balance, while the main challenges are isolation, collaboration, and career progression.
The main benefits of remote work for employers are cost savings, talent attraction, and retention, while the main challenges are communication, coordination, and culture.
The report also recommends some of the best practices and strategies for remote workers and employers to optimize their performance, well-being, and innovation in the remote work environment.
How to Thrive in the Global and Remote Job Market in 2023
Based on the reports and trends discussed above, here are some of the tips and advice that can help you thrive in the global and remote job market in 2023:
1. Keep your skills updated and relevant: The global and remote job market is constantly changing and evolving, and so are the skills and competencies that employers are looking for. Therefore, you need to invest in your continuous learning and development, and acquire the skills that are in high demand and aligned with your career goals. You can use online platforms, courses, and certifications to enhance your digital and soft skills, and showcase them on your resume and portfolio.
2. Be flexible and adaptable: The global and remote job market is also unpredictable and uncertain, and you need to be ready to face the challenges and opportunities that may arise. Therefore, you need to be flexible and adaptable, and embrace the changes and innovations that the new work reality brings. You can use your creativity and problem-solving skills to find solutions and alternatives, and your communication and collaboration skills to work effectively with diverse and distributed teams.
3. Be proactive and self-motivated: The global and remote job market is also competitive and demanding, and you need to stand out from the crowd and demonstrate your value and potential. Therefore, you need to be proactive and self-motivated, and take the initiative and responsibility for your work and career. You can use your autonomy and self-management skills to plan and organize your work, and your feedback and evaluation skills to monitor and improve your performance.
Eud Foundation: Your Partner for International Employment Success
In this era of global and remote work, having a supportive partner can make all the difference in your career journey. That's where Eud Foundation comes in. Eud Foundation is your trusted partner for international employment success. We provide a wide range of resources and support to help you thrive in the global job market:
Capital Mobilization Support: Secure the funds you need to take your career to new heights.
Professional Consulting: Benefit from expert guidance and advice to make informed career decisions.
Partner Connections: Expand your network and connect with potential collaborators and employers.
Market Expansion Assistance: Navigate international markets with confidence and expand your career horizons.
Legal Expertise: Ensure your international employment endeavors are legally sound and hassle-free.
Corporate Governance: Learn the best practices for corporate governance and enhance your professional image.
Ready to take charge of your career in the global and remote job market? Join Eud Foundation today and gain access to valuable resources, networking opportunities, and expert guidance to help you thrive in this changing landscape. Your success is our mission!