Hopes of a speedy return to regular for European companies by 2021 have been dealt a blow by the sluggish vaccine rollout throughout the EU. And though the UK leads Europe by way of its tempo of vaccine rollout, Brexit challenges stay. Within the US, the restoration, boosted by a swift vaccine rollout, is gaining steam. China, in the meantime, was the one main financial system that reported progress in 2020 — and is gaining additional power in 2021.
Europe is vulnerable to shedding out to each the US and China through the restoration part, with doubtlessly long-term detrimental penalties for the relative power of Europe within the world financial system. For the job market in lots of European nations, this implies ongoing weak point in 2021 and probably past. 2021 shall be a difficult 12 months for European customers and companies alike.
By way of 2021, European nations will transfer at completely different speeds, forcing corporations that function throughout Europe to design and implement methods and insurance policies that can range considerably from one nation to the following. 2021 shall be a 12 months of hybrid experiences and rising fragmentation.
But all European companies should begin getting ready for a post-pandemic world. They should goal rising enterprise progress alternatives, devise a coverage for hybrid distant and workplace working, and plan a option to return to enterprise journey. Boosting worker experiences and worker engagement performs a central position for these endeavors.
The report “A European Perspective On The Future Of Work For 2021” helps European enterprise and tech leaders optimize their post-COVID-19 methods, together with getting again to the workplace and getting ready for the beginning of enterprise journey.