Managing Rapid Change in the Future of Jobs

What is the estimated percentage of worker skills that will be disrupted over the next five years according to the World Economic Forum's 2023 Future of Jobs Report?

What is the primary focus of CHROs and people leaders in response to the rapid changes in the workforce?

What is driving the need for skills-based hiring according to the report?

What is the primary concern for many employees who will require further skills training, according to the report?

What is the key trend that will shape the future of work, according to John Patterson?

What is the primary benefit of hiring based on skills rather than degree requirements?

What is a key characteristic of a skills-based organization?

What is the role of a Chief Skills Officer in an organization?

What percentage of business tasks is expected to be automated by 2027, according to the WEF report?

What is a key human skill that will be necessary to develop in the future?

The Future of Work

The World Economic Forum's Future of Jobs report highlights the rapid change in the workforce, with more change expected in the next three years than in the previous three decades.

Skills Development

44% of worker skills will be disrupted over the next five years, with analytical skills, creative thinking, and technological literacy in high demand.
Six in ten employees will require further skills training, but many will lack access to the resources they need.

CHROs' Role in Skills Development

CHROs are providing enhanced education and skilling programs for their workforce, prioritizing skills and competencies in hiring to create a deeper talent pipeline.
Focusing on skills-based hiring creates a more diverse and tailored talent pool, driven by insights.

Skills-Based Organization

A skills-based organization will likely function like a revolving talent pool, with teams assembled project-by-project based on the skills they bring.
Companies may pay for programs that allow employees to add skills and competencies needed to support the business.

Assessing Employees' Skills

Accurately assessing each employee's unique skill set is crucial, as well as determining which employees need to be upskilled as the nature of their work evolves.

The Role of AI

42% of all business tasks will be automated by 2027, and up to 65% of information and data processing jobs.
Using AI to its best advantage will require new skills, many of which are still to be determined.
CHROs and others must carefully consider the appropriate applications for AI technology.

Collaborating with AI

Developing skills to collaborate with AI will be essential, including determining how to work with AI effectively.

The World Economic Forum's Future of Jobs report highlights the need for companies to adapt to rapid change. Learn how CHROs are managing this shift and preparing their organizations for the future. The skills-based organization is coming, but is your company ready?