A common belief is that advancements in technology have eroded jobs, but this is not true, according to an EY survey released June 5.
A global survey found that the majority of entrepreneurs believe technology has changed their workforce, with 81% of those saying it has led to hiring more staff.
“Entrepreneurs here and around the world are creating jobs and driving economic growth,” said EY partner and Canadian strategic growth markets leader Colleen McMorrow.
“There’s a misconception that technology will reduce jobs, but that’s simply not what we’re seeing with entrepreneurial companies.
“Our survey finds technology is helping these companies increase their cost competitiveness and efficiency, which in turn allows them to invest in their businesses and expand their workforces.”
McMorrow said that technology – in particular increases to mobile working – have increased the pool of skilled workers.
“Companies are no longer constrained by having to hire from the obvious pools of talent, as technology enables employees to do their jobs from anywhere, inside or outside the physical walls of the organization.”
The survey also found that 85% of entrepreneurs feel that technology is driving their plans for growth in the future.
