Why is IT a growth area?
Emerging areas such as cybersecurity and AI
Extremely good pay schemes
Ability to travel/ work either in office or home
What is job displacement?
When an employee is removed from their job and replaced
Causes of job displacement
Manual work is now done by computer-controlled machines
Repetitive jobs can be carried out by robots
Office jobs require more skill using generic software
What is reskilling?
retraining to acquire skills needed to access the new roles
What is teleworking?
Using IT and telecommunications to work from home
Examples of teleworking
Web developers
Graphic designers
Accountants
Advantages to an employee
Allows working from anywhere
Work at your own pace with flexible hours
Fewer cars on the road and less pollution
Saving money on transport to and from work
Disadvantages to an employee
Feeling isolated from lack of communication and teamwork
Need an office at home, adding expenses
Distracting environment
Less motivation to work
Advantages to an employer
Do not need to rent offices or pay maintenance
Employ a global workforce with cheaper labour
No need to hire staff like cleaners/ security
Less benefits (parking) and reduced conflict
Disadvantages to an employer
More difficult to monitor employee activity
Potential for leaked information and security risks
More discipline towards employees
Less collaboration between employees
What is upskilling?
continuous training to carry out jobs and learn new skills
Downside of upskilling
employers need to offer training courses to improve retention levels