Earlier this year, the World Economic Forum published its latest report on the future of jobs, the workplace and skills.
Today, we are on the cusp of a Fourth Industrial Revolution. Developments in genetics, artificial intelligence, robotics, nanotechnology, 3D printing and biotechnology, to
name just a few, are all building on and amplifying one another.
While the impending change holds great promise,
the patterns of consumption, production and employment created by it also pose major challenges requiring proactive adaptation by corporations, governments and individuals. Concurrent to the technological revolution are a set of broader socio-economic, geopolitical and demographic drivers of change, each interacting in multiple directions
and intensifying one another. As entire industries adjust, most occupations are undergoing a fundamental transformation.
Even looking at something as simple as the “ease of recruitment” for Australia and that experienced by all regions tells a story of tightening labour markets, the global search for skills and the ever present need to pursue education and training of a nation’s populace in the face of changing demographics and structural budget challenges.
The question, then, is how business, government and individuals will react to these developments. To prevent a worst-case scenario—technological change accompanied by talent shortages, mass unemployment and growing inequality—reskilling and upskilling of today’s workers will be critical.
The Report consists of two parts. Part I explores the future of jobs and the pace of change to the global employment landscape up until the year 2020, as anticipated by the CHROs of some of the world’s largest employers.
Part II of the Report presents findings through an industry, regional and industry gender gap lens—highlighting key industry-by-industry and region-specific trends—and provides a wealth of industry-specific and country-specific practical information to senior decision-makers and experts through dedicated Industry Profiles, Country and Regional Profiles and Industry Gender Gap Profiles.
Finally, a detailed Methodological Appendix provides further information on our survey design, sample selection criteria and research methodology.
For those working on regional development plans, education and skills policy the report is most certainly worth the read.
- The Future of Jobs [PDF]