As the Fourth Industrial Revolution impacts skills, tasks and jobs, there is growing concern that both job displacement and talent shortages will impact business dynamism and societal cohesion. A proactive and strategic effort is needed on the part of all relevant stakeholders to manage reskilling and upskilling to mitigate against both job losses and talent shortages.
Through the Preparing for the Future of Work project, the World Economic Forum provides a platform for designing and implementing intra-industry collaboration on the future of work, working closely with the public sector, unions and educators. The output of the project’s first phase of work, Towards a Reskilling Revolution: A Future of Jobs for All, highlighted an innovative method to identify viable and desirable job transition pathways for disrupted workers. This second report, Towards a Reskilling Revolution: Industry-Led Action for the Future of Work extends our previous research to assess the business case for reskilling and establish its magnitude for different stakeholders. It also outlines a roadmap for selected industries to address specific challenges and opportunities related to the transformation of their workforce.
At least half of people who have a job fear they'll lose it in the next 12 months
A new Ipsos survey, conducted on behalf of the World Economic Forum, shows that more than half (54%) of working adults fear for their jobs in the next 12 months. However, these workers ar...
The future of work is here: 5 ways to reset labour markets after coronavirus recovery
May Day 2020 – or International Workers Day – falls in the midst of a pandemic-induced jobs apocalypse with the International Labour Organization predicting that nearly half of the world’...
Who should pay for workers to be reskilled?
The narrative around the increased adoption of AI in the workplace has been clear for some time - AI will replace masses of jobs but also create many others.