The world is changing. Organisations are transforming their workforces to manage this transition with the least possible disruption. While change is inevitable, growth is optional…
According to media commentary, we’re on a trajectory towards the fourth industrial revolution brought on by a rapid pace of innovation and major advances in technology like artificial intelligence, automation and robotics that will change the future of work.
When the dust settles, it’s simply a conversation about the evolution of the workplace and the changing need for skills, knowledge and capability required to deliver on business strategy.
According to the World Economic Forum and their Future of Jobs Report, the top in-demand skills that businesses around the global will be looking for in 2020 include:
- Complex problem solving
- Critical thinking
- People management
- Coordinating with others
- Emotional intelligence
- Judgement and decision making
- Service orientation
- Cognitive flexibility
Nothing overly shocking in the above list aside from some noticeable changes from the same report completed in 2015, namely the absence of quality control and active listening and the drop in ranking for negotiation and flexibility. Likewise, the rapid rise of creativity which has moved from a ranking of number 10 in 2015 to third place in 2020.
The rationale for this change is mostly around machine learning and the fact that robots will inevitably undertake these functions (i.e., make decisions for us) but with limitations - right now, they can’t operate as creatively as humans.
If you think these changes may only effect certain areas of the workplace, think again. The World Economic Forum’s Global Agenda Council has predicted that artificial intelligence machines will be part of a Board of Directors by 2026. Interesting…
There are a few caveats to the above list. Obviously, the speed of change will be dependent on the sector. For example, transport is being affected by the use of data to create more efficient networks; e-commerce itself has emerged as a big disruptor to retail; and technology like 3D printing is impacting the construction space. These all demand different skills and knowledge in the workplace.
The one thing we do know with some certainty is that the pace of change will be rapid. As business and people leaders we need to be thinking in terms of what skills we need in the business going forward, and as individuals, we should be focussing on our own development and up-skilling.
Decipher Group have their finger on the pulse of changing trends in the recruitment and people space. If you are looking for direction and assistance on unearthing and retaining the right talent for your business, get in touch with us.
The Decipher Team
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