The Future of Jobs Report 2020 | World Economic Forum

Workforce Trends

As the COVID-19 pandemic continues to accelerate the arrival of the future of work, this new 163-page report provides several insights on the future of jobs and skills over the next five years. A few findings include: 1) The most in-demand skills are a mix of hard and soft skills. 2) The most in-demand skills of the future will consist of working with people, problem-solving, and self-management skills such as resilience, stress tolerance, and flexibility. 3) Reskilling for the future roles will require a time investment ranging from three weeks to five months. 4) On average, companies estimate that around 40% of workers will need reskilling of six months or less, and 94% of business leaders report that they expect employees to pick up new skills on the job, a sharp uptake from 65% in 2018. 5) By 2025, 85 million jobs may be displaced by a shift in labor division between humans and machines, while 97 million new roles may emerge. This report is replete with insights that have implications for strategic workforce planning, talent acquisition, upskilling and reskilling, and all aspects of talent management.

 

 

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