Report

The Future of Work – 95% believe they need new skills to stay relevant at work

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.

KEY FINDINGS

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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