[Photo/infinite.net]
With the ICT revolution firmly taking center stage, over 75% of all formal jobs as we know them today will be lost in the next two years. You can choose to hide your head in the sand like the proverbial ostrich or to prepare for the advent of the greatest shake-up in our nation’s labor force.
With the unprecedented expansion of alternative channels, the volume and value of banking transactions in the branch networks in all likelihood will be less than 10% by the end of 2018. This reality is further heightened by the aggressive implementation of recycler ATMs – fully automated deposit-taking ATMs.
This implies that employees who’ve been working on shifts after the banks introduced extra working hours will find themselves on a fringe edge. No banker reading this article can afford to be apathetic.
History shows that whatever happens in the financial sector cascades to all other sectors of the
While Kenya is not rated an industrial giant, we’ve witnessed several players in the manufacturing and construction sectors bow to the entry of the monstrous Chinese industrial tentacles in Africa. Thousands of employees were laid off last year by manufacturers, airlines, telecommunications, and banks.
In the retrenchment bandwagon includes Kenya Airways, Standard Chartered, Equity Bank, Sidian Bank, Family Bank, First Community, NIC, EcoBank, Bank of Africa, Telkom, Karuturi Flower Farm, Kenya Meat Commission, Airtel, Sameer Africa, Portland Cement and Uchumi to mention just a few with others like Eveready, Kenya Fluorspar and Kuguru Foods completely shutting down operations.
The electorate can no longer be taken for granted. In the August 8th election, over 50% of the governors (25 in particular) were relieved their jobs by their employer – the voters. Leadership both at the county and national levels of government will become more responsive and prudent with the resources under their watch.
Many of us take empowerment for granted. We live life on autopilot, a wait-and-see attitude that tells us we’ll cross the bridge when we get there.