Future of Jobs Report 2023 – 44% of Workers’ Skills Will be Disrupted in the Next Five Years
The World Economic Forum released their latest report The Future of Jobs with some fascinating findings. This week we tackle the section on workers’ skill disruption.
Here’s an excerpt from the executive summary:
“Employers estimate that 44% of workers’ skills will be disrupted in the next five years. Cognitive
skills are reported to be growing in importance most quickly, reflecting the increasing importance of complex problem-solving in the workplace. Surveyed businesses report creative thinking to be growing in importance slightly more rapidly than analytical thinking. Technology literacy is the third-fastest growing core skill. Self-efficacy skills rank above working with others, in the rate of increase in importance of skills reported by businesses. The socio-emotional attitudes which businesses consider to be growing in importance most quickly are curiosity and lifelong learning; resilience, flexibility and agility; and motivation and self-awareness. Systems thinking, AI and big data, talent management, and service orientation and customer service complete the top 10 growing skills. While respondents judged no skills to be in net decline, sizable minorities of companies judge reading, writing and mathematics; global citizenship; sensory-processing abilities; and manual dexterity, endurance and precision to be of declining importance for their workers.
Download the full report, or visit the World Economic Forum website for more information.
Future of Jobs Report – Employers Estimate 44% of Workers’ Skills will be Disrupted in the Next Five Years
The world of work is undergoing a significant transformation, driven by rapid technological advancements, globalization, and changing market dynamics. This transformative landscape brings both opportunities and challenges for workers across various industries. One of the critical challenges faced by workers today is skill disruption. In this blog post, we will explore the concept of skill disruption, its impact on workers, and strategies to navigate and thrive in this evolving environment.
Understanding Skill Disruption: Skill disruption refers to the displacement or obsolescence of certain skills due to technological advancements, automation, and evolving market demands. As industries adopt new technologies, traditional job roles may become obsolete or require workers to acquire new sets of skills to remain relevant and employable. This disruption can affect workers at all levels, from entry-level positions to experienced professionals.
Impact on Workers: Skill disruption can evoke a sense of uncertainty and fear among workers. It can lead to job insecurity, as outdated skills may no longer be in demand, potentially resulting in layoffs or reduced opportunities. However, it is essential to recognize that skill disruption also creates new opportunities for career growth and development. Workers who adapt and acquire new skills can position themselves as valuable assets in the changing job market.
Here are Jobspeaker’s Top 5 Strategies to Navigate Skill Disruption:
- Embrace Lifelong Learning: In a rapidly evolving work environment, continuous learning is crucial. Stay curious and proactive in updating your skills and knowledge.\
- Identify Transferable Skills: Assess your existing skill set and identify skills that are transferable across industries. These are skills that can be applied in different contexts and are highly valued. Examples include problem-solving, communication, leadership, and adaptability. Emphasize these transferable skills in your resume and during job interviews to showcase your versatility and ability to learn quickly.
- Seek Mentorship and Networking Opportunities: We know – this can be difficult if your an introvert like us. But you gotta do it. Connect with professionals in your field or industry who have successfully navigated skill disruption.
- Embrace Technology: Stay up-to-date with technological advancements relevant to your field.
- Cultivate a Growth Mindset: Adopt a growth mindset, which emphasizes the belief that skills and abilities can be developed through effort and practice.
Adaptability and a willingness to learn are key to thriving in an ever-changing world of work. Embrace the opportunities that skill disruption brings, and pave your path to a fulfilling and resilient career.
To read more about the skills need for the Future of Work, Download the full report now!
Or if you are ready to learn more about Jobspeaker and our tools that identify skills you need, schedule a demo today.
