In January this year, the World Economic Forum (WEF) launched the Reskilling Revolution platform with an ambitious goal to provide one billion people with better education, skills, and jo... Where previous calendars measured time according to Before Christ and Anno Domini, the coronavirus outbreak has revealed a new sense of time. The skill sets required in both old and new occupations will change in most industries and transform how and where people work. As robotics, AI, the gig economy and crowds grow, jobs are being reinvented, creating the “augmented workforce.” We must reconsider how jobs are designed and work to adapt and learn for future growth. Forty-three percent of businesses surveyed indicate that they are set to reduce their workforce due to technology integration, 41% plan to expand their use of contractors for task-specialized work, and 34% plan to expand their workforce due to technology integration. The Future of Jobs Report 2020 aims to shed light on: 1) the pandemic-related disruptions thus far in 2020, contextualized within a longer history of economic cycles, and 2) the expected outlook for technology adoption, jobs and skills in the next five years. Overall, our respondents seem to take a negative view regarding the upcoming employment impact of artificial intelligence, although not on a scale that would lead to widespread societal upheaval—at least up until the year 2020. It then reviews the expected effects on employment levels and skills profiles in different job families, indu… Online learning and training is on the rise but looks different for those in employment and those who are unemployed. Those who are unemployed have placed greater emphasis on learning digital skills such as data analysis, computer science and information technology. Savvy business and technology executives are working together to reimagine how technology delivers business value and competitive advantage. The 2018 World Economic Forum’s Future of Jobs report found that machines and algorithms were expected to displace 75 million jobs, but create 133 new ones; that’s 58 million net new jobs. “Because of technological advances, technology’s role within the organization is itself shifting,” says Satish Alapati, CIO of Media & Entertainment Customer Experience at AT&T. Despite the currently high degree of uncertainty, the report uses a unique combination of qualitative and quantitative intelligence to expand the knowledge base about the future of jobs and skills. The Future of Jobs Report aims to unpack and provide specific information on the relative magnitude of these trends by industry and geography, and on the expected time horizon for their impact to be felt on job functions, employment levels and skills. The magnitude of future job creation from the trends described previously and the impact of automation on the workforce vary significantly by country, depending on four factors. However, there has also been a significant rise in interest for encryption, non-humanoid robots and artificial intelligence. For those workers set to remain in their roles, the share of core skills that will change in the next five years is 40%, and 50% of all employees will need reskilling (up 4%). The adoption of cloud computing, big data and e-commerce remain high priorities for business leaders, following a trend established in previous years. report on this new labour market—The Future of Jobs: Employment, Skills and Workforce Strategy for the Fourth Industrial Revolution—in January 2016. Survey: Future IT pros should learn security and communication skills AI and jobs: Where humans are better than algorithms, and vice versa IT jobs in 2020… specially commissioned survey of 10,000 people in China, India, Germany, the UK and the US. It aims to shed light on the pandemic-related disruptions in 2020, contextualized within a longer history of economic cycles and the expected outlook for technology adoption, jobs and skills in the next five years. Our thanks to all … By contrast, further unpacking the bundle of technological drivers of change in the mould of the Fourth Industrial Revolution yields a rather more optimistic picture regarding the job creation potential of technologies such as Big Data analytics, mobile internet, the Internet of Things and robotics… Our 'Workforce of the future' study looks at four possible Worlds of Work for 2030 to help you kick-start your thinking. Future of Work Disruption lies ahead. The window of opportunity to reskill and upskill workers has become shorter in the newly constrained labour market. Seventy-four percent of companies we surveyed plan to increase spending on HR tech in 2020 to address pressing talent needs. Employers expect that by 2025, increasingly redundant roles will decline from being 15.4% of the workforce to 9% (6.4% decline), and that emerging professions will grow from 7.8% to 13.5% (5.7% growth) of the total employee base of company respondents. The Fourth Industrial Revolution is interacting with other socio-economic and demographic factors to create a perfect storm of business model change in all industries, resulting in major disruptions to labour markets. However, employee engagement into those courses is lagging, with only 42% of employees taking up employer-supported reskilling and upskilling opportunities. The Future of Jobs Report is a first step in becoming specific about the changes at hand. Additionally, it will be important for governments to consider the longer-term labour market implications of maintaining, withdrawing or partly continuing the strong COVID-19 crisis support they are providing to support wages and maintain jobs in most advanced economies. Forum’s 2018 Future of Jobs Report, globally, the labour market transformation brought about by the Fourth Indus-trial Revolution may lead to the creation of 133 million new jobs and the simultaneous displacement of 75 million jobs over the 2018–2022 period. The analysis that forms the basis of this Reportis the result of an extensive survey of Chief Human Resources and Chief Strategy Officers of leading global employers, and consists of four interrelated parts, providing a uniquely flexible dataset that can be recombined in various ways to obtain further specific insights into relevant dimensions of interest (see Figure A1). Jobs held by lower wage workers, women and younger workers were more deeply impacted in the first phase of the economic contraction. Artificial intelligence, automation, and robotics will make this shift as significant as the mechanization in prior generations of agriculture and manufacturing. There has been a four-fold increase in the numbers of individuals seeking out opportunities for learning online through their own initiative, a five-fold increase in employer provision of online learning opportunities to their workers and a nine-fold enrolment increase for learners accessing online learning through government programmes. An average of 66% of employers surveyed expect to get a return on investment in upskilling and reskilling within one year. New categories of jobs will emerge, partly or wholly displacing others. World Economic Forum reports may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use. The aim of our survey was to understand as comprehensively as possible expectations regarding the future of jobs, work and skills by the largest e… You can also take a closer look at the views of 10,000 people in our survey findings summary. However, this time horizon risks being too long for many employers in the context of the current economic shock, and nearly 17% remain uncertain on having any return on their investment.

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