Job trends in the next 5 years:-
[1] Startup salaries are going to decline: Most startups have started to realise that they need to control the profits, not just revenues. Many unicorns who were on track to their IPO had to delay their IPOs. Reason: lack of profitability. Over-hiring and over-paying is going to decline.
[2] Most CEOs would have a personal brand: All smart CEOs have started to focus on their personal brands. This is evident on Linkedin as well. People like to buy from people, not from companies. Therefore, almost every ‘Shark’ now feature on their own advertisement. Why? personal brand. Take a cue and start cultivating your personal brand as well.
[3] Parallel jobs: Gone are the days when you could depend on 1 job. Firms are not loyal to you. And, any smart employee can see through this. If you are not building backups already, you are doing yourself a disservice. And, the volatile job market is might one day hit you badly.
[4] Rise of remote jobs: To cut the long story short, if work could be done from home, why would you waste your time, effort, energy travelling? Not every job fits into ‘work from home’ culture, but many do. Video editing, graphic designing, virtual assistants, digital marketing based jobs are going to make more money. People are going to increasingly pick these skills.
[5] People would increasingly prefer to own small businesses: AirBnBs/Holiday rentals Opening digital stores Launching digital products Are all examples of small businesses. With the rise of financial & career education, most people would prefer decent money + family time (OVER) crazy money + no time. And owning small businesses is one way of fulfilling this goal.
Post by Akshat Srivastava on Linkedin
