Digital has already delivered a major blow to businesses slow to respond. There’s more to come. The very concept of work is being redefined as different generations enter and exit the workforce amidst a rapidly changing technological landscape. Responsive and responsible leaders at the very highest levels of the organization must act to harness the power of the Fourth Industrial Revolution for long-term advantage and shareholder value. Mindful to put their people first, at the center of change. The new leadership imperative is clear: Create the future workforce. Now.
Business leaders need to ensure that their people are relevant and adaptable. The stakes are high for businesses, workers and society as a whole.
The good news: Leaders can build on a workforce that’s already highly engaged with digital. And reshape their organizations to allow workers to flourish in a future augmented by new technologies in a way that drives real business value—labor productivity, talent acquisition and retention, as well as innovation and creativity. The bad news: The clock is ticking. CEOs need to put people as the priority or risk leaving scores of workers, and their company’s competitive strength, behind.
To prepare the workforce, leaders need to:
Accelerate reskilling people
Redesign work to unlock human potential
Strengthen the talent pipeline from its source
Based on our interviews and discussions with business leaders and experts around the world, it’s clear that it’s time for CEOs to take social and economic actions that allow people and technology to reach their full potential.
Chosen excerpts by Job Market Monitor. Read the whole story at Creating the Future Workforce—Today: Harnessing Revolution | Accenture Strategy
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The Prime Minister of Sweden Stefan Löfven and the President of Mauritius, Ameenah Gurib-Fakim, along with the ILO Director-General Guy Ryder launched a Global Commission on the Future of Work today at the International Labour Organization’s headquarters in Geneva, Switzerland. Chosen excerpts by Job Market Monitor. Read the whole story at B-roll: Launch of the ILO’s Global … Continue reading
The Metro program has followed the lead of economists Daron Acemoglu and Pascual Restrepo who, in a recent paper, deployed sales data from International Federation for Robotics (IFR) to explore trends in the installation of robots in U.S. and international work places. Although Acemoglu and Restrepo’s paper has been controversial in its modeling of large … Continue reading
One clear lesson arises from our analysis: adaptability – in organisations, individuals and society – is essential for navigating the changes ahead. It’s impossible to predict exactly the skills that will be needed even ve years from now, so workers and organisations need to be ready to adapt – in each of the worlds we … Continue reading
What are the components that collectively constitute “the future of work”? Perhaps the logical place to begin is with the forces that are driving these changes (figure 1). Based on our experience and research, we have identified three forces that are shaping the nature of future work and the future workforce: Technology. Technological advances—for example, … Continue reading
Technology experts and economists are engaged in a growing debate about the effect of automation technologies in the workplace. Some “techno-pessimists” are concerned about the mass destruction of jobs, while “techno-optimists” see considerable productivity gains for the economy that will in turn help create new work opportunities. Technology in the past has tended to create … Continue reading
For young people today, what’s clear is that they’re going to need to continue to learn throughout their lifetime. The idea that you get an education when you’re young and then you stop and you go and work for 40 or 50 years with that educational training and that’s it—that’s over. All of us are … Continue reading
Amazon’s $13.4 billion purchase of Whole Foods, announced Friday, could speed that vision along. Amazon has already made shopping for almost everything involve spending less time waiting, doing work or interacting with people, and now it could do the same for groceries. It’s already trying with a store in Seattle, Amazon Go, that has no … Continue reading
Highlights from the Symposium featuring voices from the world of work, leading thinkers in government and academia, and the youth on the challenges we’ll face in the Future of Work. Related Posts Education, Training and The Future of Work – Five majors issues POSTED BY MICHEL COURNOYER ⋅ MAY 4, 2017 ⋅ LEAVE A COMMENT Some … Continue reading
Some 1,408 responded to the following question, sharing their expectations about what is likely to evolve by 2026: In the next 10 years, do you think we will see the emergence of new educational and training programs that can successfully train large numbers of workers in the skills they will need to perform the jobs … Continue reading
Highlights from award-winning economic historian Robert Skidelsky giving a keynote address about the future of work with remarks by ILO Director-General Guy Ryder.
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Future of Work – We are not facing an employment crisis but a work revolution the World Employment Confederation (International Confederation of Private Employment Services) says
The World Employment Confederation (formerly Ciett) looks into the future of work and urges policymakers to cooperate with the employment industry to determine enhanced international labour regulation As the world of work becomes increasingly flat and interconnected, new global labour policies and regulation are required to deal with issues that go beyond national or regional … Continue reading
Automation, digital platforms, and other innovations are changing the fundamental nature of work. Understanding these shifts can help policy makers, business leaders, and workers move forward. Policy makers will need to address issues such as benfits and variability that these digital platforms can raise. Accelerate the creation of jobs in general through stimulating investment and … Continue reading
Are these types of platforms an economic boon to workers who want a flexible way togenerate income? Or are they the latest sign of worsening income inequality and a fraying safety net for workers? The answer is a little bit of both. Recent research from the McKinsey Global Institute examined the economic potential associated with … Continue reading
The topic of job displacement has, throughout US history, ignited frustration over technological advances and their tendency to make traditional jobs obsolete; artisans protested textile mills in the early 19th century, for example… A conversation Reid Hoffman: If you look at most of the automation, it comes down to man–machine combinations. And all productivity means … Continue reading
Explore the world of work in 2025 in a revealing evidence-based report by future consultants The Future Laboratory and Microsoft, which identifies and investigates ten exciting, inspiring and astounding jobs for the graduates of tomorrow – but that don’t exist yet. Virtual Habitat Designer By 2025, virtual habitat design will offer some of the most … Continue reading