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The future of work and skills: Global megatrends and ...
Transcript of The future of work and skills: Global megatrends and ...
The future of work and
skills: Global megatrends
and implications for Ireland
Dublin, November 7
Saadia Zahidi
Managing Director
World Economic Forum
The World Economic Forum is the
International Organization for Public-
Private Cooperation. Our mission is to
improve the state of the world.
Our purpose is to bring together
stakeholders from all sectors of society
to shape the future.
Governments, businesses or civil
society alone cannot sustainably
address the economic, technological,
environmental and social challenges
of an increasingly complex,
interdependent and fast-transforming
world. Instead, they need to work
together via a trusted global platform for
informed collaboration and cooperation.
Over the past 50 years, the World
Economic Forum has earned the trust
to build and curate impartial and
independent platforms.
Building multistakeholder
communities
1971 2019Convening communities Developing knowledge Becoming the platform and
operating system for global
cooperation
Generating projects
Annual and
regional meetings
More than 50
communities
TopLink, Reports and
Transformation Maps
Over 100+ projects
The World Economic Forum
Advanced
Manufacturing
and Production
Cities,
Infrastructure
and Urban
Services
Consumption
Cybersecurity
and Digital
Trust
Digital Economy
and New Value
Creation
Energy and
Materials
Financial and
Monetary
Systems
Global Public
Goods
Health and
Healthcare Investing
Media,
Entertainment
and Culture
Mobility
New Economy
and Society
Technology
Governance: Artificial
Intelligence and
Machine Learning
Technology
Governance:
Blockchain and
Distributed Ledger
Technologies
Technology
Governance:
Data Policy
Technology
Governance: IoT,
Robotics and Smart
Cities
Trade and Global
Economic
Interdependence
Platform for the New Economy and Society
Addressing
Interconnected Challenges
Collaborating
through a Platform Model
4
Growth and
Competitiveness
Education, Skills
and Work
Equality and
Inclusion
IMPACT
Providing
a Transformative Activity Portfolio
How we drive impact
5
6
The arrival of the Fourth Industrial Revolution
Intended technology adoption by global companies in 2022
7
A shift in the ratio of human vs machine work hours, 2018-2022
Source: Future of Jobs Report, 2018, World Economic Forum.
8
A net positive outlook for jobs but high levels of churn 2018-2022
Source: Future of Jobs Report, 2018, World Economic Forum.
9
A premium on soft skills and advanced cognitive skills
Source: Future of Jobs Report, 2018, World Economic Forum.
10
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By 2022, the core skills required
to perform most roles will
change by
42%
A reskilling revolution is needed
Source: Future of Jobs Report, 2018, World Economic Forum.
12
New data-driven approaches are available
Example: Secretaries and administrative assistants
Source: Towards a Reskilling Revolution, 2019, World Economic Forum.
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Companies alone Governments alone
25% 77%
Collaboration at scale is needed
45%
Industry collaboration Public-private collaboration
90%
• Transitioning 95%
of at-risk workers in
the United States
into new jobs
through reskilling
may cost more than
$34 billion.
• If companies and
governments go it
alone the costs
outweigh the
benefits for a
significant portion of
workers. If they
collaborate costs
become viable.
Source: Towards a Reskilling Revolution, 2019, World Economic Forum.
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Learning 4.0
CO
NT
EN
TM
EC
HA
NIS
MS
15
Skills score Ireland – Global Competitiveness Report 2019
Source: Global Competitiveness Report, 2019, World Economic Forum
51,1
62
66,5
68
64,1
66,3
76,4
72,1
80,5
81,4
90,8
79
0 10 20 30 40 50 60 70 80 90 100
Critical thinking in teaching
Ease of finding skilled employees
Digital skills among active population
Skillset of graduates
Quality of vocational training
Extent of staff training
Highest score Ireland
16
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Rather than creating a conventional
“project”, the accelerator model
aims at enabling collective action
for accelerating systems change
By bringing stakeholders together
with a concerted focus on specific
“leverage points”, the accelerator
model aims to break through
inhibiting path dependencies,
shifting the functioning of the whole
system to an exponentially better
state
“Project mindset”:
Fixing incremental problems
“Accelerating
systems change”:
Exponential
improvements
The Forum’s Closing the Skills Gap Accelerator model
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Key leverage points for closing skills gaps
The accelerator model focuses
on “leverage points” across four
dimensions of the system:
• Lifelong learning and
upskilling
• Future-readiness and
employability
• Innovative skills funding
models
• Skills anticipation and
job market insight
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Global Learning Network
Closing the Skills Gap
Accelerators are part of
a global learning
network for
co-creating solutions
through the World
Economic Forum’s
platform
Invited
Closing the Skills Gap Accelerators
Global Knowledge Partners