What is the future of the workforce?
The future of work signifies an opportunity for our workforces and work places to evolve. This evolution is being shaped by two powerful forces: the growing adoption of artificial intelligence and the expansion of the workforce.
Automation and thinking machines are replacing human tasks and jobs and changing the skills that organizations are looking for in their people. The future of work asks us to consider the most important questions of our age. What influence will the continuing march of technology, robotic, automation and artificial intelligence have on where we work and how we work? Will we need to work at all? What is our place in an automated world? Some experts focus on technology and the role that automation is predicted to have on jobs and the workplace, and some others consider it less about technological innovation and more about the manner in which humans decide to use the technology.
As companies transform their business models and strategies to realize the opportunities offered by the digital transformation, three interrelated dimensions must be identified for the future workforce:
- skills required
- workforce needed and
- the shape of the workforce
Tax reform: Colombia is preparing itself for tomorrow’s world of work
On December 28, 2018, Colombia enacted a new tax reform (Law 1943-Tax Reform). This tax reform makes various changes to the Colombian tax rules that generally apply from January 2019. The highlights are a reduction in tax rates and the establishment of an income tax flat rate of 9% for certain industries and activities. On the other hand, several income tax incentives were created for certain entrepreneurial activities related to technological and creative industries.
Furthermore, the city of Medellin is considering establishing a tax exemption scheme for those companies that set up in the city under certain established parameters, depending on their activities and the creation of new jobs.
Ricardo Palacios Bazzani, GMBA, MBA, CP, ECOVIS Colombia, Bogota, Colombia