The recent gathering of the World Economic Forum (WEF) focused on how re-skilling and flexible work are key components in the future of the job market.
First, work is in the middle of a huge transition that will likely require workers to adopt new skills. A recent survey in Asia found that 40% of respondents were worried about technology impacting their jobs, so upskilling and reskilling needs to happen now.
“There is no doubt that skills are the currency of the labor market,” said Lynda Gratton, a professor of management practice at London Business School. “Yet right now, as a labor economist pointed out, there are mismatches in needs and capabilities, as shown in a recent CEO survey that reported that many CEOs were concerned about the lack of available skills.”
Coming to terms with the gender gap in technology jobs is also vital looking into the future of work. For example, many new technology jobs are in data analytics, where women are underrepresented, which can have a colossal effect in the way technology continues to develop. Allowing for equal representation in the technology sector could make or break the industry.
Another workplace change is the shift towards flexible working. Now more than ever, workers from a wide variety of demographics want flexibility as an option in their work as well as the ability to dictate their own calendars.
Inclusive education is also a necessity in creating a better workforce. The challenge comes from poor areas of the world that have little internet connectivity. While technology-based education could create smoother pathways of learning, it still has a ways to go.