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The job trends for 2024 in the social impact sector

Author:
Catalina Rojas

March 28, 2024

We are hearing that while the economy (in the U.S) is performing strong, the job market is harder than ever. We keep hearing concerns about the situation of office real estate around the world. What are the main job trends for 2024? How are they affecting or being reflected in the impact sector? This article aims to answer these and a few other questions about the main job trends for 2024.

Here are some of the key trends identified from various sources:

  1. ESG and Sustainability Focus: There's a significant shift towards environmental, social, and governance (ESG) concerns, with companies moving beyond seeing ESG as a risk to be mitigated. This includes the rise of chief sustainability officers and an integration of ESG directly into corporate strategies. This trend offers social impact professionals opportunities to leverage their expertise in developing shared value business models and integrating sustainability efforts that align with societal well-being??.
  2. Advancing Health Equity: Post-pandemic, there's a focus on advancing health equity, with companies embedding health equity into commercial objectives beyond R&D and philanthropic commitments. This includes identifying strategies to improve patient reach, access, and quality of clinical care and treatment. For social impact professionals, this means opportunities in shaping health equity strategies and contributing to a more inclusive health system??.
  3. Work Design and Talent Management: The future of work is being reimagined with a focus on skills-based talent management, flexible working, and digital transformation. Organizations are looking to unhook people from specific jobs and redeploy them based on skills, increasing productivity and enhancing employee experience. This trend indicates a need for social impact professionals to adapt to new work models, leverage digital tools, and focus on skill development??.
  1. Rising Inequality and Loneliness: Social sector organizations are facing rising inequality and loneliness, exacerbated by the pandemic. This calls for a strategic response to anticipate and address these challenges through prevention and early intervention. Professionals in the social impact sector have a critical role in developing solutions to these societal issues??.
  2. Digital Innovation: There's a push towards digital innovation in client services and back-office operations. This includes the adoption of virtual care models like telehealth, smart home technologies for unassisted living, and cloud-based systems for more efficient operations. Social impact professionals will need to embrace digital tools and platforms to enhance service delivery and operational efficiency??.

These trends highlight the evolving landscape of the social impact sector, emphasizing sustainability, health equity, digital transformation, and addressing systemic social issues. For professionals in the field, this presents a range of opportunities to contribute to meaningful change, leverage new technologies, and navigate the challenges of a post-pandemic world.

Sources:

https://www.fsg.org/blog/future-of-social-impact-2024/

https://www.mercer.com/insights/people-strategy/future-of-work/global-talent-trends/

https://www.deloitte.com/au/en/services/consulting/blogs/mega-trends-impacting-social-sector.html

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