Billionaire Ray Dalio ensures that the workplace will never be the same as before the covid-19

Published:

14 oct 2021 13:39 GMT

The founder of the world’s largest hedge fund believes that many changes will take place in the world of work over the next five years.

The American investor and billionaire Ray Dalio believes that the workplace will never be the same as before the COVID-19 pandemic, as he stated this Wednesday during an event organized by the CNBC.

“The future of the workplace is likely to be characterized by two things: personalization and technology. We have been given a gift so we can rethink what we are doing“he explained.” I don’t think we’re going to go back to the old world, “he added.

In his view, many changes will take place over the next five years, one of which will be that there will be an “unpredictably different” type of work. Another question, he says, is how technology will replace people and how this phenomenon will be addressed.

Dalio, founder of the world’s largest hedge fund, Bridgewater Associates, said his company allows its employees to work both in person and remotely. “In a tight job market […] the ability to offer flexibility will be an important competitive element, “he said.

“It is not necessary to have them in the office”

Last month the US economy created jobs at a much slower rate than expected. Also, a month earlier, about 4.3 million people voluntarily quit their job in the US, the highest number of resignations in a single month since December 2000.

“People are leaving the workforce and are changing the nature of their jobs. You can see that adaptation, “he said in this regard.

The billionaire said technology and data allow employers to measure worker productivity, which can help companies experimenting with hybrid solutions after the health emergency. “It is not necessary to have them in the office,” said Dalio, who stressed that there are many tools to check a person’s productivity.

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