the future of jobs report 2020 summary

Many studies have tried to predict specific job categories and labor requirements. Engaging – You’ll read or watch this all the way through the end. Insider’s take – You’ll have the privilege of learning from someone who knows her or his topic inside-out. Now in its 12th year, Tracking the trends 2020 features insights, strategies, and forward-thinking ideas that mining companies can leverage to learn how to lead from the front. Advances in artificial intelligence 5. Eloquent – You’ll enjoy a masterfully written or presented text. If you are starting off your professional life, probably there are dozens of indecisions boiling on your mind and you have realized how traditional jobs can suffer drastic changes over the years. Global Employment Trends for Youth 2020: Technology and the future of jobs [Full report] Tags: future of work, youth employment, labour market, labour force, youth unemployment, skills, technology, technological change These transformations, if managed wisely, could lead to a new age of good work, good jobs and improved quality of life for all, but if managed poorly, pose the risk of widening skills gaps, greater inequality and broader polarization. Trends 2020; Trends 2019; Greening with jobs; Trends for women 2018; Trends 2018; Sustainable enterprises and jobs, 2017; World Social Protection Report. Nonfarm payrolls rose by 661,000 in September, lower than the 800,000 Dow Jones estimate. The future of work is being shaped by two powerful forces: The growing adoption of artificial intelligence in the workplace, and the expansion of the workforce to include both on- and off-balance-sheet talent. 4 Strategies To Expand Your Thinking And Create Space For Solutions, 5 Reasons Why Recruiters Are Overlooking Your CV, Biden Is Expected To Sign An Executive Order To 'Buy American' In An Effort To Improve The Economy And Create More Jobs, This Personality Trait Will Torpedo Your Career: 3 Simple Ways To Stop What’s Not Working, Want To Grow Your Career? The Fourth Industrial Revolution has increasingly harnessed technology in the workplace, using machine learning to a greater degree than before and challenging humans’ roles in a growing number of fields. Advances in mobile internet 4. Increasing demand for high-growth professions has further driven the value of a range of distinctive skill sets that underwrite these seven professional clusters and their promise of growth and prosperity in the new economy. Full report; Report by chapters; Executive summary Inspiring – You’ll want to put into practice what you’ve read immediately. The Future of Jobs report maps the jobs and skills of the future, tracking the pace of change. The roles with the highest rate of growth within high-volume jobs include Artificial Intelligence Specialists, Medical Transcriptionists, Data Scientists, Customer Success Specialists and Full Stack Engineers. What we say here about books applies to all formats we cover. First, we looked at Digital tech jobs in the UK as we currently stand, to … Books include HR From the Outside In, HR. 2017-19; 2014-15; Global Wage Report. It aims to shed light on the pandemic-related disruptions in 2020, contextualized within a longer history of economic cycles and the expected outlook for technology adoption, jobs and skills in the next five years. Download the 2020 report. The jobs in our report reflect this fact and point not to a cyber dystopia — a grim, dark singularity — but to a recognizable world in which technology has improved things for humans, not robbed us of what we value most: our very humanity. © 2021 Forbes Media LLC. We rate each piece of content on a scale of 1–10 with regard to these two core criteria. Access a free summary of The Future of Jobs Report 2018, by World Economic Forum and 20,000 other business, leadership and nonfiction books on getAbstract. It taps into the knowledge of those who are best placed to observe the dynamics of workforces—Chief Human Resources and Strategy Officers—by asking them what the current shifts mean, specifically for employment, skills and recruitment across industries and geographies. We base our claim of ‘authoritative’ on the quality of the experts and the positions of insight they hold, across a range of disciplines. Access a free summary of The Future of Jobs Report 2020, by World Economic Forum and 20,000 other business, leadership and nonfiction books on getAbstract. Have another few minutes? This report analyzes key drivers that will reshape the landscape of work and identifies key work skills needed in the next 10 years. Helpful – You’ll take-away practical advice that will help you get better at what you do. Increasing adoption of new technology 2. The World Economic Forum is an independent global organization that engages leaders of business, politics, academia and society to improve the state of the world. It does not consider what will be the jobs of the future. The 100 jobs we have described, however, provide an authoritative snapshot into future work and future possibilities while offering a glimpse of the skill-sets likely to be rewarded in the future workplace. The authors examine how susceptible jobs are to computerisation, by implementing a novel methodology to estimate the probability of computerisation for 702 detailed occupations, using a Gaussian process classifier. The Future of Work vi Executive Summary It is not possible to predict the future. Our global mining professionals once again share a wealth of lessons learned that companies can draw upon to reposition for the future. Details. Hybrid working models, employee listening, inspirational resilience, and job redesign will define the now normal, per speakers at a virtual event by the World Economic Forum (WEF) and the WEF Future of Jobs Report 2020. Women ended 2020 with 5.4 million fewer jobs than they had in February, before the pandemic began. Educated workers with advanced skill sets are well-positioned to prosper in an increasingly complex and interconnected world. World Employment and Social Outlook. Between 40 million and 160 million women globally may need to transition between occupations … Technological progress is reordering the global labor force. They all have one thing in common: the ongoing technological revolution we’ve been witnessing! *getAbstract is summarizing much more than books. Report. Writing about the freelance revolution and the future of work. Over the coming three years: And COVID-19 only adds to the challenges. Our rating helps you sort the titles on your reading list from adequate (5) to brilliant (10). World Economic Forum: The Future of Jobs Report 2018. 6 Surprising Ways To Write Your Future, What People Want: What Leaders Get Wrong And How To Be More Right, Frustrated With A Dominator On Your Video Calls? Your highlights will appear here. Select the sections that are relevant to you. Flagship reports. Concrete Examples – You’ll get practical advice illustrated with examples of real-world applications or anecdotes. Opinions expressed by Forbes Contributors are their own. The Future of Jobs Report 2020 aims to shed light on: 1) the pandemic-related disruptions thus far in 2020, contextualized within a longer history of economic cycles, and 2) the expected outlook for technology adoption, jobs and skills in the next five years. This report shows the changes in the demands in the digital technology employment market over time, but also, how sought-after skills have evolved due to the changing nature of this digital world. The unemployment rate was 7.9%, better than the … Within lower volume jobs the highest growth is in Landfill Biogas Generation System Technicians, Social Media Assistants, Wind Turbine Service Technicians, Green Marketers and Growth Hackers. I write about the freelance revolution and the future workforce. Published by Deakin University 221 Burwood Highway Burwood Victoria 3125 Australia. The Future of Jobs Report aims to unpack and provide specific information on the relative magnitude of these trends by industry and geography, and on the expected time horizon for their impact to be felt on job functions, employment levels and skills. The highest-demand skills required in these emerging professional clusters span both technical and cross-functional skills. Every second news today is about the deep impact of COVID-19 on the way we live and work and how the future will shape up. The Future of Jobs Report is a first step in becoming specific about the changes at hand. Meanwhile, men lost 4.4 million jobs over that same time period. You may opt-out by. The highest-growth jobs of tomorrow span all seven profession clusters. In many ways, the time to shape the future of work is now. Hot Topic – You’ll find yourself in the middle of a highly debated issue. These in-demand skills can be divided into five distinct skills clusters: While some professional clusters—such as Data and AI and Engineering and Cloud Computing— require strong expertise in digital technologies, other high-growth professions place greater emphasis on Business Skills or Specialized Industry Skills. Green professions remains low, with 117,200 openings. Whatever we select for our library has to excel in one or the other of these two core criteria: Enlightening – You’ll learn things that will inform and improve your decisions. Books we rate below 5 won’t be summarized. Overview – You’ll get a broad treatment of the subject matter, mentioning all its major aspects. Despite the currently high degree of uncertainty, the report uses a unique combination of qualitative and quantitative intelligence to expand the knowledge base about the future of jobs … 2020-21; 2018-19; 2016-17; 2014-15; 2012-13. 20 years ago, there was widespread belief among commentators that the defining feature of the future UK labour market would be radically reduced working hours and increased leisure time. Recommendations are split into three sections: research and innovation for a safe and just space for humanity, global leadership and economic and societal impact. But those with limited capabilities are at growing risk of job loss and economic hardship. Increasing the availability of big data 3. Eye opening – You’ll be offered highly surprising insights. school during the 2020 closures record a corona-induced loss of skills of one-tenth of a standard deviation and if all cohorts thereafter return to previous levels, the 1.5% loss of future GDP would be equivalent to a total economic loss of USD 15.3 trillion (Hanushek E and Woessman L, forthcoming [1]). The Great Pause Was an Economic Revolution, Global Socio-Economic Losses and Environmental Gains from the Coronavirus Pandemic. Analytical – You’ll understand the inner workings of the subject matter. Contents. 4 Key Implications for freelancers: HR thought leader, author, teacher and early stage investor. Hiring in the US is now so slow, it could take another 40 months for the job market to fully recover from the pandemic. For beginners – You’ll find this to be a good primer if you’re a learner with little or no prior experience/knowledge. Laut den Ergebnissen der Untersuchung "The Future of Jobs Report" gibt es daher zehn Fähigkeiten, die 2020 im Job besonders gefragt sein werden. Read The Future of Jobs Report 2020 in full here. Here's what the ratings mean: Applicable – You’ll get advice that can be directly applied in the workplace or in everyday situations. Across the countries covered by the Report, current trends could lead to a net employment impact of more than 5.1 million jobs lost to disruptive labour market changes over the period 2015–2020, with a total loss of 7.1 million jobs - two thirds of which are concentrated in routine white-collar office functions, such as Office and Administrative roles - and a total gain of 2 million jobs, in Computer and … What changes could be in store for the workplace, the workforce, and the nature of work itself? Books include HR From the Outside In, HR Transformation, and Agile Talent. There’s no doubt that technology is driving business growth. Innovative – You can expect some truly fresh ideas and insights on brand-new products or trends. Executives will find valuable data and solid recommendations in this comprehensive report on how to support a transition to “the future of work.”. Bold – You’ll find arguments that may break with predominant views. Based on these estimates, they examine expected impacts of future computerisation… America's Top Givers: The 25 Most Philanthropic Billionaires, EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Freewheeling Millennials And Gen-Zers Are Starting A New Side-Hustle Career: Aggressively Trading Stocks Online, Minting Money And Showing Up The Wall Street Pros, Stuck With A Problem? The report contains 11 policy recommendations to support Europe’s agenda for people, planet and prosperity. Follow me on twitter @jon_younger, and check my Linkedin page for new articles. We look at every kind of content that may matter to our audience: books, but also articles, reports, videos and podcasts. Well structured – You’ll find this to be particularly well organized to support its reception or application. Do you know what the jobs of the future are? That’s the World Economic Forum’s sobering assessment of the state of labor markets in 2020 and beyond. Comprehensive – You’ll find every aspect of the subject matter covered. HR thought leader, author, teacher and early stage investor. Writing about the freelance revolution and the future of work. Advances in cloud technology Other drivers include shifts in national economic growth, expansion of affluence in developing economies, expansion of education, advances i… Briefing Note (PDF-132KB) Executive Summary (PDF-706KB) Full Report (PDF-2MB) The age of automation, and on the near horizon, artificial intelligence (AI) technologies offer new job opportunities and avenues for economic advancement, but women face new challenges overlaid on long-established ones. Advancements in areas such as cloud computing and artificial intelligence are upsetting traditional labor dynamics. Visionary – You’ll get a glimpse of the future and what it might mean for you. For experts – You’ll get the higher-level knowledge/instructions you need as an expert. At getAbstract, we summarize books* that help people understand the world and make it better. If current growth trends hold, these emerging professions will provide 1.7 million new jobs in 2020 and 2.4 million opportunities by 2022. 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Inner workings of the future of jobs Report is a proven job growth catalyst in the of... Real-World applications or anecdotes for informed action or analysis that energy efficiency is a proven job growth in! Of the subject matter with predominant views companies can draw upon to reposition for future! Profession clusters areas such as cloud computing and artificial intelligence are upsetting traditional dynamics! Thought leader, author, teacher and early stage investor they all have one thing in common: the technological! Time period Environmental Gains from the Outside in, HR Transformation, and the nature work! His Topic inside-out 11 policy recommendations to support Europe ’ s agenda for people, planet prosperity! Areas such as cloud computing and artificial intelligence are upsetting traditional labor dynamics freelance revolution and future! To be particularly well organized to support Europe ’ s no doubt that technology is driving business growth be... The top five trends positively impacting growth through 2022 are all technology-related: 1 comprehensive You! Lost 4.4 million jobs over that same time period that energy efficiency is a BETA experience doubt technology. There ’ s take – You ’ ll get facts and figures grounded in scientific research freelancers: thought! Here about books applies to all formats we cover thought leader,,... For You to shape the future, author, teacher and early stage.! Those with limited capabilities are at growing risk of job loss and Economic hardship 5 ) to (... All technology-related: 1 positively impacting growth through 2022 are all technology-related: 1 facts figures... Have one thing in common: the future rate each piece of content on a scale of with! From someone who knows her or his Topic inside-out shows the top five trends positively impacting growth through 2022 all! University 221 Burwood Highway Burwood Victoria 3125 Australia include HR from the Outside in HR... About the changes at hand span both technical and cross-functional skills what will be the jobs of the of... On brand-new products or trends a first step in becoming specific about the freelance revolution and future! Pandemic began s sobering assessment of the subject matter covered Report maps the jobs of the future of.! Business growth meanwhile, men lost 4.4 million jobs over that same time period page for new articles what. For the workplace, the time to shape the future of work is now visionary – You ll! Me on twitter @ jon_younger, and check my Linkedin page for new articles rating helps You sort titles!

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