“The Future Of Jobs”: Is A Robot Coming For Yours?

“The Future Of Jobs”: Is A Robot Coming For Yours?
SHARE
THIS



Which-50.com editor and occasional B&T scribe, Andrew Birmingham, was front-row and centre at the recent Pegasystems user conference in Las Vegas. Here he reports on one of the main talks that covered what skills will be needed for the jobs of the future…

The rising middle class in emerging markets will have the largest effect on the consumer industries, financial services, transportation and logistic industries, according to a report by the World Economic Forum (WEF).

IMG_3788

Alan Marcus, senior director of information technology & telecommunications at WEF, was speaking at the recent Pegasystems user conference in Las Vegas, and said that, “Consumer ethics and privacy issues will also have a significant impact for some consumer, financial services and IT.”

Called “The Future of Jobs”, the WEF report looked at employment skills and workforce strategy for the future. Two thousand chief human resource officers and strategy officers from leading global employers were tested for their future needs for employment, skills, and for recruitment in their industry and across their geographies.

Marcus said that, overall, the study found changing and flexible work is seen as the most significant driver of change in advanced economies whereas the rising middle class takes this role in emerging markets.

“The pace of industry transformation is unprecedented. Destructive changes to industry sectors are already reconfiguring business models and skill sets and will do so at an accelerated pace. So the time to impact trajectory over certain drivers of change differ between industries and are shaped by the specific nature of each sector’s current business model.”

Furthermore, he suggested that regardless of the specific industry or of the driver of change, the pace continues to accelerate and expand. “Disruptive changes in industry sectors are already reconfiguring the models and skill sets. The future is predetermined or is already determined. What’s not determined is really the time frame of which we’ll see these changes occur. So we really need to be prepared today.”

All of these developments are transforming the way we live, the way we work, learn, play, and socialise, he said.

“What is certain is that the future workforce needs to align the skill set to keep pace. So five years from now, over a third of the skills that are considered important to today’s workforce will have changed. During previous industrial revolutions, it often took decades to build new training systems and labour markets needed to develop the new skill sets on a large scale. Given the upcoming pace and scale of disruption, brought on by the fourth industrial revolution, this is just not an option.”

The WEF study argues that companies need to pursue a range of innovative workforce strategies, providing employees with wider exposure to roles across their firms, while stepping up efforts to target female talent pools and collaborating with the education sector more closely than in the past, he said.

“These are some of the more popular measures we’re seeing. Creativity will become one of the top three skills workers will need. With the avalanche of new products, new technologies, and new ways of working, workers are going to have to become more creative in order to benefit from these changes. Then of course, there will be competition between industries for this creative talent.”

Government has an important role in smoothing the transition, he suggested. “This will entail innovating with education and labour-related policy making, requiring a skills evolution of its own, and including rethinking even credentialing systems.”

For the education training sector, he said it meant vast new business opportunities as it provides new services to individuals, entrepreneurs, and large corporations in the public sector. “We already see sustainability as an example of what’s part of architecture and design, but we need to see that grow. We need to see how to add creativity into our education systems and how to measure that success.”

Latest News

How To Create Connections To Increase Your Influence
  • Opinion

How To Create Connections To Increase Your Influence

Darren Fleming (pictured below) is a speaker, author and trainer who specialises in helping leaders influence their teams. He is the author of Don’t be a D!ck – creating connections that make influence happen. In this guest post, Fleming offers proven tips on how to improve staff connections and your influence around any office… The secret to […]

Opinion

by B&T Magazine

B&T Magazine
PayPal Unveils “Uncle Awesome” In Witty Christmas Spot Via Buzzman
  • Advertising
  • Campaigns

PayPal Unveils “Uncle Awesome” In Witty Christmas Spot Via Buzzman

A dodgy uncle is the star of PayPal’s new Christmas spot set to air across 15 european countries this festive season. The work of famed Parisian agency Buzzman, the ad plays on the traditional family Christmas and the arrival of an uncle notorious for his over-touching, cheating and over-eating. This time around, thanks to Paypal, Mr […]

Isentia Builds Out Executive Team With Three New Appointments
  • Media

Isentia Builds Out Executive Team With Three New Appointments

Isentia Group Limited has announced three senior appointments to its executive leadership team to accelerate product enhancement, operational efficiencies and support ongoing transformation. Following an extensive search, Paul Russell has been appointed chief technology officer (CTO), Kelly Young chief human resources officer (CHRO) and Peter McClelland chief financial officer (CFO). Ed Harrison, Isentia chief executive officer and managing director, […]

Ovarian Cancer Australia Says ‘It’s Time For Ovary-Action’
  • Campaigns
  • Media

Ovarian Cancer Australia Says ‘It’s Time For Ovary-Action’

Ovarian Cancer Australia has launched its first pieces of work via agency 10 feet tall. ‘It’s time for ovary-action’ is their empowering, new creative platform that aims to rally all Australians to stand up and take action for the cause. The launch includes a quirky content video accompanied by print and radio components that aim […]

Assembly Label Appoints The Wired Agency
  • Media

Assembly Label Appoints The Wired Agency

One of Australia’s leading fashion brands, Assembly Label has officially appointed The Wired Agency as its exclusive digital campaign partner. As a market leader in the ‘simplified essentials’ space; quickly becoming renowned for their minimal approach to design and clothing construction, Assembly Label has recently opened their tenth retail location as well as being well-represented […]