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Future of work’s impact on the economy could stretch beyond the traditional economic metrics: HSBC

Khairani Afifi Noordin
Khairani Afifi Noordin • 5 min read
Future of work’s impact on the economy could stretch beyond the traditional economic metrics: HSBC
One of the key challenges in the coming years is a structurally different backdrop in terms of labour supply. Photo: Samuel Isaac Chua/The Edge Singapore
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The impact of the future of work on the economy could stretch beyond the traditional economic metrics and lead to a number of social changes, according to HSBC global economist James Pomeroy.

One impact is the possibility of a faster churn of labour and better jobs matching from the fact that remote working makes it easier to interview for prospective jobs, says Pomeroy in HSBC Global Research’s “The Future of Work” report.

Citing a survey from WFH Research, Pomeroy notes that nearly half of workers find it easier to have interviews working remotely, which means that it could be easier for them to find a role that fits their skillset and life priorities. This may incentivise more businesses to focus on various elements of work that employees value, such as flexibility and hours, in order to hold onto talent.

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