In many (maybe most) industries and countries, the most in-demand jobs or occupations did not even exist 10 years ago. In fact, in some cases they did not exist just 5 years ago. The pace of change is astonishing and one that will only continue to accelerate, and at a faster rate. Looking ahead, predictions are that 65% of children entering Primary School today will eventually end up working in entirely new jobs – jobs that do not even exist currently.
So what can we do to counter such a fast and rapidly changing landscape?
Businesses and their current models are finding that they are faced with an immediate and simultaneous impact on employment and there exists a need for new skill sets to be created, developed and maintained. These require an immediate and focussed effort in order to achieve the required change.
The ability to plan ahead, anticipate and prepare for future required skills, job content and the knock-on effect on employment, is required. This is critical for governments, education, individuals and businesses. Thus, predicting, anticipating and preparing for the new (and current) transition is vital.
Debate and discussions so far related to the transformation and transition is clearly polarised between those who foresee limitless new opportunities and those that foresee a massive dislocation of jobs.
Predicting the future
The growth in cheap computing power and ubiquity of mobile internet have already had widespread impact on existing business models and will continue to do so. Computing and mathematically-intensive professions will experience a positive impact and result in very high growth. Similarly, architecture and engineering will be affected positively.
However, there will be a declining demand for occupations related to manufacturing, production and construction. The educational arena will need to adjust to the needs of the new-age student, who is reliant on technology. The use of the internet, blended learning and mobile devices will need to be optimised. The teacher will always be necessary but a newly trained, modern teacher will be required.
The World Economic Forum Future Jobs Report 2016 has concluded that “by 2020, critical thinking and complex problem solving will be the most vital set of skills in the global job market but the hardest to recruit for.” Education should look at ‘investing in the mind‘.
Immediate focus needed and planning ahead: Fail to Plan, Plan to Fail
- Change the 20th century viewpoint of Human Resources
- Make heavy use of data and data analytics
- Talent diversity: Gone are the days when employees had the same job that required a limited skill pool
- Flexible working arrangements
- Online talent platforms: Educational organisations will need to look into how this can be utilised in their institutions with positively enhancing student learning
- Rethink education systems: Self explanatory. Businesses should work closely with governments, education providers and others to imagine what a true 21st century curriculum might look like
- Incentivising lifelong learning: A key skill and one worth pushing
- Cross-industry and public-private collaboration
Click to access WEF_Future_of_Jobs.pdf