The 2023 Future of Jobs Report: Shifting Workforce Demands and the Rise of Digital Skills
Tamas Papp, MBA, MBL
HORIZON SUMMIT | A’dam | 5-6 NOV 24 - The HR Congress WorldSummit | Lisbon | 20-21 MAY 25
The World Economic Forum released its 2023 Future of Jobs Report, giving us insight into how the global workforce is shifting and which skills will be sought-after in future jobs. Drawing upon over 32,000 employers spanning 50 countries, it offers an expansive view of organizational challenges and worker potential that organizations and workers face today.
Digital skills are increasingly crucial. 8 out of 10 employers surveyed said they planned on hiring more employees with these abilities in the future due to technological advancements such as AI, automation, and other forms of transformational technologies affecting how businesses function. As AI becomes an increasingly common part of daily operations, this trend will only become more prominent over time. There will be an important shift in job demand with over 97 Million new roles created within areas like cloud computing data science artificial intelligence, etc
The need for upskilling programs is also highlighted; 62% of employers stated their intent to invest in these programs in order to help employees remain competitive. Reskilling has become more necessary with increasing job complexity and technological innovation; therefore workers who do not participate may lose their employment.
There is a rising need for soft skills such as creativity, problem-solving, and critical thinking in employees who wish to succeed in today's job market. 68% of employers reported looking for such traits when selecting new hires.
Due to the COVID-19 Pandemic, the majority of industries have experienced severe disruptions; however, it has also increased technology adoption, creating new job opportunities in emerging domains.
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There is an emphasis on the significance of digital skills and their need for both upskilling and reskilling, learning systems solution providers with such solutions like Udacity Coursera , LinkedIn for Learning , Cornerstone OnDemand , Workday , SAP SuccessFactors , Degreed , 360Learning , Oracle Cloud HCM ,
Cegid , CrossKnowledge , Haufe Akademie , Hive Learning , Skillsoft , Litmos , PeopleFluent , and many more become increasingly relevant as platforms to upskill or reskill employees become easier for companies to offer training to help employees adapt to this new jobs market.
The report highlights major shifts that have occurred in the global labor market and emphasizes the necessity for workers to develop new skills to remain competitive. Employers should invest in reskilling programs for employees in order to equip them with the skills necessary for success with soft skills and digital competencies becoming ever more vital as technology revolutionizes business operations.
You can access the full 296-page report here: https://www.weforum.org/reports/the-future-of-jobs-report-2023/
This summary of the report was compiled by Tamas Papp, MBA, MBL from HR World Summit . We shall be exploring many of the key challenges in the world of work at The Horizon Summit in Amsterdam on the 14-15 November , together with industry-leading experts like Dave Ulrich , Michele Zanini , Stephanie Werner-Dietz , Joerg Staff , Helene Hasselskog Markus Graf , and many others. check out the full agenda on the website .
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Speaker, Author, Professor, Thought Partner on Human Capability (talent, leadership, organization, HR)
1 年Thomas Papp, MBA, MBL Thanks for sharing this important report. There are a number of studies about future of work challenges and all seem to agree on the importance of [1] technology/digital, [2] uncertainty (economic and social), and [3] human capability (people and organization) ... all 3 being equally important. this study reinforces digital and skills (?creativity, problem-solving, and critical thinking). It is going to be exciting at the The HR Congress summit in Amsterdam to explore implications for how to define, assess, invest, and disclose human capability to deliver value to all stakeholders. I am so looking forward to participating and learning. Thanks Mihaly Nagy for inviting me to partner again with you!
HORIZON SUMMIT | A’dam | 5-6 NOV 24 - The HR Congress WorldSummit | Lisbon | 20-21 MAY 25
1 年Join us at https://horizon.hr-congress.com
Technology Innovator | Fractional CxO | AI | Cyber Security | Investor | Author | Empowering Businesses, Enhancing Lives: Uniting technology and human insight for a more prosperous, enjoyable, smarter and safer world.
1 年The World Economic Forum report says, quote: "The impact of most technologies on jobs is expected to be a net positive over the next five years." Employment will increase. Here is my thesis why https://liberty-by-ip.blogspot.com/2023/04/debunking-doomsday-ai-predictions-how.html