The rise of artificial intelligence (AI) is reshaping the landscape of modern workplaces, signaling a shift towards a freelance future. Experts suggest that the dynamics of working hours and environments are undergoing significant changes.
“There’s certainly been a huge increase in the demand for consultants and interim professionals, especially during transformational changes,” stated Alice Weightman, Global CEO and Regional Head of MENA at Hanson Search. “As the workforce mobilizes and globalizes, technology acts as the connection that unites everyone.” This insight came during a panel discussion focused on the urgent need for reskilling in the finance sector at the sixth New Age Finance and Accounting (NAFA) summit organized by Khaleej Times. The event gathered industry leaders to explore how emerging factors like regulatory changes, AI-driven automation, and digital compliance mandates are redefining finance.
Weightman further emphasized that businesses are increasingly turning to freelancers. “While there’s always a need for a core team to drive the company’s vision and knowledge, organizations are becoming more agile,” she noted. “The reliance on freelancers and consultants can range from 10% to as much as 50%.”
Shifts in Workplace Structure
Susana Correia, Regional Leader for Search and Staffing at LinkedIn Talent Solutions, echoed Weightman’s sentiments, highlighting the rise of hybrid teams and leaner workplace structures. “We increasingly see fragmented teams, such as individuals collaborating from various locations, including someone in Ireland and others working remotely,” she explained. “Moreover, restructuring efforts are resulting in a more streamlined hierarchy, reducing redundancy in management roles.”
Jamuna Muralidharan, Partner of HR Advisory at MCA Management Consultants, noted another trend: the evolving concept of working hours. “The paradigm of fixed schedule jobs is shifting towards valuing skills and passion over time,” she stated. “Companies are now focused on deliverables rather than hourly work, paying for skills and outputs instead of merely time spent.”
The Impact of Technology on Skills
As technology continues to automate entry-level tasks, the demand for soft skills in the workforce is rising. Susana Correia referred to the LinkedIn Skills on the Rise report that emphasizes this shift. “Soft skills like oral communication and conflict resolution, which were previously less emphasized in finance roles, are now being prioritized by employers,” she remarked. “Today’s finance professionals need these skills to effectively navigate diverse teams and cross-functional partnerships.”
In this rapidly evolving landscape, the importance of continuous learning and self-improvement cannot be overstated. Correia urged employees to prioritize upskilling and reskilling to remain relevant in their fields. Embracing flexible working models and adapting to technological advancements will be crucial for success in tomorrow’s workforce.
Nasreen Abdulla
Nasreen Abdulla is a Special Correspondent covering food, tech, and human interest stories. When not …More
The Future of Work: Embracing Freelancing and Technology
Artificial intelligence (AI) is dramatically changing the landscape of modern workplaces, leading to a growing trend towards freelance work. Experts indicate that work hours and environments are gradually evolving, reflecting a shift in workforce dynamics.
Rise of the Freelance Economy
According to industry leaders, there has been a significant surge in the demand for freelance consultants, particularly during transformative periods for organizations. This phenomenon is linked to the increasing globalization and mobilization of the workforce. Technology plays a pivotal role in facilitating these changes, acting as a cohesive element that brings remote teams together.
Flexibility and Agility in the Workforce
Businesses are progressively adopting a more agile approach by incorporating freelancers into their operations. While core teams will always be essential for maintaining organizational knowledge, many companies are shifting towards a model where freelancers, independents, and consultants make up a substantial percentage of their workforce. Recent reports show that this could represent up to 50 percent of certain teams.
Transforming Work Hours
The concept of fixed working hours is also undergoing transformation. Modern employers are increasingly valuing skills and outcomes over time spent in the office. This change implies that organizations are more interested in the deliverables and the expertise individuals bring to the table rather than their physical presence or the hours they clock in.
The Role of Hybrid Teams
The emergence of hybrid teams is evident, with staff members working remotely from various locations. This trend reflects a broad push towards leaner structures in organizations, where traditional management layers are being minimized, allowing teams to operate more efficiently and respond quickly to changing demands.
Importance of Soft Skills
As technology automates basic tasks, the need for professionals to cultivate soft skills becomes critical. Recent findings emphasize the rising importance of interpersonal skills such as communication and conflict resolution, as finance professionals must effectively navigate diverse and multi-functional teams.
Continual Learning and Reskilling
In today’s fast-paced environment, it’s essential for employees to commit to continual learning and skill development. Upskilling and reskilling are no longer optional but necessary for individuals who wish to thrive in a constantly changing job market. Investing in personal growth not only enhances career prospects but also aligns with the evolving demands of the workplace.
In summary, the future of work is being shaped by a blend of technological advancements and a shift towards freelance dynamics. As businesses adapt to these changes, professionals must embrace new skills and flexible work arrangements to stay competitive in this evolving landscape.
