Summary of Towards a Reskilling Revolution

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10 Innovation

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Recommendation

The world of work is changing, but hand wringing isn’t going to help. In an effort to “move the debate on the future of work to new – and practical – territory,” researchers at the World Economic Forum have innovated a tool that promises to shed much needed light. The algorithm charts opportunities and “job transition pathways” for individual workers or entire occupational categories. This white paper outlines the big data based methodology and suggests potential transitions for US workers. getAbstract recommends this white paper for leaders in government, business, labor and education.

In this summary, you will learn

  • How a new algorithm, based on big data, can shed light on coming challenges and opportunities in the world of work,
  • What this tool reveals about ways the American workforce might change between 2016 and 2026, and
  • How government and employers can aid workers in developing agility.
 

About the Author

The World Economic Forum is an international, nonprofit organization devoted to improving the world through public-private cooperation.

 

Summary

The global labor market is changing fast. The skills that made workers successful in 2016 won’t necessarily serve them in 2026. Increasing use of robotics and automation mean that a range of skills previously required by employers will be redundant. Workers need to embrace constant learning to maintain their employability. For both organizations and societies, a flourishing future will depend on “reskilling and retraining the workforce.”


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