[SMU CP] Nina Sirola

Sociocultural changesThese changes have influenced workforce dynamics, with a growing trend towards valuing flexibility and autonomy in work. Despite more people taking part-time positions, they tend to offer less stability and fewer benefits.

Economic shiftsThe transition from manufacturing to service-oriented economies has resulted in many service-sector jobs offering lower wages, fewer benefits, and less job security. The rise of the gig economy, with platforms like Uber, Lyft, and TaskRabbit, has popularised gig work where workers are classified as independent contractors which means they do not receive the same protections and benefits as traditional employees.

Labour market deregulationPolicies have made it easier for businesses to hire and fire workers, reduce benefits, and avoid long-term commitments.

Technological advancementsTechnology has transformed many industries, leading to job displacement and the rise of gig and freelance work. It has enabled companies to manage and monitor remote or part-time workers more effectively.

Economic shiftsThe transition from manufacturing to service-oriented economies has resulted in many service-sector jobs offering lower wages, fewer benefits, and less job security. The rise of the gig economy, with platforms like Uber, Lyft, and TaskRabbit, has popularised gig work where workers are classified as independent contractors which means they do not receive the same protections and benefits as traditional employees.

Labour market deregulationPolicies have made it easier for businesses to hire and fire workers, reduce benefits, and avoid long-term commitments.

Sociocultural changesThese changes have influenced workforce dynamics, with a growing trend towards valuing flexibility and autonomy in work. Despite more people taking part-time positions, they tend to offer less stability and fewer benefits.

Technological advancementsTechnology has transformed many industries, leading to job displacement and the rise of gig and freelance work. It has enabled companies to manage and monitor remote or part-time workers more effectively.

Economic globalisationThe expansion of global markets has made companies reduce costs which has led to more outsourcing, offshoring, and use of temporary or contract labour to remain competitive.

Economic globalisationThe expansion of global markets has made companies reduce costs which has led to more outsourcing, offshoring, and use of temporary or contract labour to remain competitive.

Economic shiftsThe transition from manufacturing to service-oriented economies has resulted in many service-sector jobs offering lower wages, fewer benefits, and less job security. The rise of the gig economy, with platforms like Uber, Lyft, and TaskRabbit, has popularised gig work where workers are classified as independent contractors which means they do not receive the same protections and benefits as traditional employees.

Cost-shifting strategiesThis reduces overhead for businesses but increases financial vulnerability for employees. Government support for social safety nets has also weakened in many regions, leaving workers more exposed to the risks of unemployment, illness, and old age without sufficient public assistance.

Economic shiftsThe transition from manufacturing to service-oriented economies has resulted in many service-sector jobs offering lower wages, fewer benefits, and less job security. The rise of the gig economy, with platforms like Uber, Lyft, and TaskRabbit, has popularised gig work where workers are classified as independent contractors which means they do not receive the same protections and benefits as traditional employees.

Sociocultural changes These changes have influenced workforce dynamics, with a growing trend towards valuing flexibility and autonomy in work. Despite more people taking part-time positions, they tend to offer less stability and fewer benefits.

Labour market deregulationPolicies have made it easier for businesses to hire and fire workers, reduce benefits, and avoid long-term commitments.

Economic globalisationThe expansion of global markets has made companies reduce costs which has led to more outsourcing, offshoring, and use of temporary or contract labour to remain competitive.

Technological advancementsTechnology has transformed many industries, leading to job displacement and the rise of gig and freelance work. It has enabled companies to manage and monitor remote or part-time workers more effectively.

Cost-shifting strategiesThis reduces overhead for businesses but increases financial vulnerability for employees. Government support for social safety nets has also weakened in many regions, leaving workers more exposed to the risks of unemployment, illness, and old age without sufficient public assistance.

Sociocultural changesThese changes have influenced workforce dynamics, with a growing trend towards valuing flexibility and autonomy in work. Despite more people taking part-time positions, they tend to offer less stability and fewer benefits.

Economic globalisationThe expansion of global markets has made companies reduce costs which has led to more outsourcing, offshoring, and use of temporary or contract labour to remain competitive.

Labour market deregulationPolicies have made it easier for businesses to hire and fire workers, reduce benefits, and avoid long-term commitments.

Cost-shifting strategiesThis reduces overhead for businesses but increases financial vulnerability for employees. Government support for social safety nets has also weakened in many regions, leaving workers more exposed to the risks of unemployment, illness, and old age without sufficient public assistance.

Technological advancementsTechnology has transformed many industries, leading to job displacement and the rise of gig and freelance work. It has enabled companies to manage and monitor remote or part-time workers more effectively.

Cost-shifting strategiesThis reduces overhead for businesses but increases financial vulnerability for employees. Government support for social safety nets has also weakened in many regions, leaving workers more exposed to the risks of unemployment, illness, and old age without sufficient public assistance.