Industry Insights
Step into the new year with a deep dive into the trends reshaping industries worldwide. From AI's rising influence on the labor market to groundbreaking energy advancements across the globe, Industry Insights kicks off 2025 with the stories that matter most.
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What’s happening in Engineering, Energy, and Tech
Encouraging figures came from new orders peaking over the expansion threshold and a reduction in the prices index. Yet, despite these gains, employment and production levels continue to recede, albeit at a decelerated pace. Manufacturers are now cautiously planning for the future, taking into account the anticipated tariffs and shifting political landscape.
Senior figures from both POWERCHINA and Manila Electric Company (Meralco) celebrated the historic contract for the Philippines Terra Solar Project, which boasts an impressive 3.5 GW solar capacity coupled with 4.5 GWh energy storage. The project is anticipated to reduce carbon emissions by 1.23 million metric tons a year.
This financial support will directly contribute to the development of renewable electricity production from offshore wind farms, which are outlined in the Estonian Maritime Spatial Plan. The initiative is geared towards decreasing Estonia's reliance on fossil fuels and promoting a clean and sustainable energy transition within the EU.
Amidst the flourishing AI investments in cloud services and data centers by leaders like Nvidia and Microsoft, the region's own tech startups struggle to harness the boom's full potential. The disparity is stark: Southeast Asia's young AI firms have gleaned a mere $1.7 billion out of the $60 billion pouring into the tech landscape, facing investor skepticism and the challenge of scaling in a diverse marketplace.
The company has a presence in 16 markets including France, Ireland, and the Nordics. CEO Eoin Vaughan emphasizes the goal of attracting top talent and ensuring they assimilate into the company's culture. Their activity in 2024 saw the launch of three state-of-the-art data centers, further cementing their role as critical infrastructure creators.
A business conference in Brussels has revealed a newfound drive to boost nuclear power infrastructure – a sharp turn from the EU's long-standing preference for renewable energy. Officials and industry experts are calling for urgent advancements, including the rise of small modular reactors and a possible fund to enhance competitiveness in the sector.
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Trends shaping tomorrow’s world
LinkedIn's data shows a significant 36% increase in new skills added by members, with AI-related skills growing even more exponentially. Predominant learners include not only software engineers but also project/product managers and professors. Operations, sales, and business development functions are also heavily engaged in AI learning. It seems that AI literacy will offer a competitive edge for the future of work.
'Coffee badging' is a new phenomenon where employees badge in, socialize a bit, and then leave early as a soft rebellion against rigid office mandates. Workers continue to seek out flexible work arrangements like those experienced during the pandemic. But for now, 'coffee badging' may remain as employees and employers negotiate the evolving work landscape and define new norms for productivity and workplace engagement.
Human Resources is undergoing a transformation, fueled by AI advancements and shifting employee expectations. The balance between embracing AI and maintaining a human-centered approach will be crucial. HR must adapt by redesigning roles, updating metrics, and valuing creativity and learning capacity in recruitment.
39% of employees are now shrugging off the prospect of promotion, preferring to find satisfaction in their current positions, despite the lack of vertical career movement. Factors such as demographic changes, a surge in the gig economy, and an emphasis on personal well-being contribute to this shift, suggesting a potential leadership skills gap in the not-too-distant future.
Expert perspectives
Recent dialogues at Workday Rising EMEA highlight the urgency for a shift in talent strategy, emphasizing the need for businesses to adapt to changing skill requirements. While the appetite for skills-based strategies is strong, with 80% of HR leaders recognizing its value, barriers such as clarity in workforce planning, external hiring challenges, and lack of internal mobility programs hinder progress.
Carole-Ann Penney sheds light on a new leadership frontier. It's not about having all the answers but about navigating through uncertainty with grace.
What’s next?
As we step into 2025, many of us are focused on making it a year of opportunity and success. At BPS World, one thing remains certain: we’re here to help you attract, recruit, and retain the right talent to achieve your goals.
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2 个月Onwards and upwards keep pushing forward