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the future of jobs report 2020 summary

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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. 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. We rate each piece of content on a scale of 1–10 with regard to these two core criteria. The Great Pause Was an Economic Revolution, Global Socio-Economic Losses and Environmental Gains from the Coronavirus Pandemic. 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 … Bold – You’ll find arguments that may break with predominant views. 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? Details. Here's what the ratings mean: Applicable – You’ll get advice that can be directly applied in the workplace or in everyday situations. 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. Advances in artificial intelligence 5. Executive summary; A Journey into the Future of Work ; What the Literature says about the Future of Work; Research Design; The Experts; Work Futures: Looking Forward; 100 Jobs of the Future; References; Download PDF version. The highest-growth jobs of tomorrow span all seven profession clusters. Increasing the availability of big data 3. Download the 2020 report. *getAbstract is summarizing much more than books. 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. 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. Executives will find valuable data and solid recommendations in this comprehensive report on how to support a transition to “the future of work.”. Women ended 2020 with 5.4 million fewer jobs than they had in February, before the pandemic began. 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. 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. Increasing adoption of new technology 2. Nonfarm payrolls rose by 661,000 in September, lower than the 800,000 Dow Jones estimate. Read The Future of Jobs Report 2020 in full here. Hiring in the US is now so slow, it could take another 40 months for the job market to fully recover from the pandemic. World Economic Forum: The Future of Jobs Report 2018. World Employment and Social Outlook. We look at every kind of content that may matter to our audience: books, but also articles, reports, videos and podcasts. Between 40 million and 160 million women globally may need to transition between occupations … At getAbstract, we summarize books* that help people understand the world and make it better. There’s no doubt that technology is driving business growth. The unemployment rate was 7.9%, better than the … We base our claim of ‘authoritative’ on the quality of the experts and the positions of insight they hold, across a range of disciplines. All Rights Reserved, This is a BETA experience. It does not consider what will be the jobs of the future. 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. 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. Educated workers with advanced skill sets are well-positioned to prosper in an increasingly complex and interconnected world. Hot Topic – You’ll find yourself in the middle of a highly debated issue. 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? Comprehensive – You’ll find every aspect of the subject matter covered. But those with limited capabilities are at growing risk of job loss and economic hardship. HR thought leader, author, teacher and early stage investor. Our global mining professionals once again share a wealth of lessons learned that companies can draw upon to reposition for the future. Jan. March May … 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. 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. Contents. Advances in cloud technology Other drivers include shifts in national economic growth, expansion of affluence in developing economies, expansion of education, advances i… 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? For experts – You’ll get the higher-level knowledge/instructions you need as an expert. I write about the freelance revolution and the future workforce. Books we rate below 5 won’t be summarized. Many studies have tried to predict specific job categories and labor requirements. Writing about the freelance revolution and the future of work. Report. © 2021 Forbes Media LLC. 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. Recommendations are split into three sections: research and innovation for a safe and just space for humanity, global leadership and economic and societal impact. Analytical – You’ll understand the inner workings of the subject matter. The report contains 11 policy recommendations to support Europe’s agenda for people, planet and prosperity. 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. And COVID-19 only adds to the challenges. What we say here about books applies to all formats we cover. 2017-19; 2014-15; Global Wage Report. Laut den Ergebnissen der Untersuchung "The Future of Jobs Report" gibt es daher zehn Fähigkeiten, die 2020 im Job besonders gefragt sein werden. If current growth trends hold, these emerging professions will provide 1.7 million new jobs in 2020 and 2.4 million opportunities by 2022. Helpful – You’ll take-away practical advice that will help you get better at what you do. Technological progress is reordering the global labor force. Your highlights will appear here. The Future of Work vi Executive Summary It is not possible to predict the future. Inspiring – You’ll want to put into practice what you’ve read immediately. Follow me on twitter @jon_younger, and check my Linkedin page for new articles. 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]). In many ways, the time to shape the future of work is now. Green professions remains low, with 117,200 openings. The Future of Jobs Report is a first step in becoming specific about the changes at hand. 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. Have another few minutes? Books include HR From the Outside In, HR Transformation, and Agile Talent. 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. They all have one thing in common: the ongoing technological revolution we’ve been witnessing! Advances in mobile internet 4. 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 Engaging – You’ll read or watch this all the way through the end. 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. Full report; Report by chapters; Executive summary 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. Eye opening – You’ll be offered highly surprising insights. Advancements in areas such as cloud computing and artificial intelligence are upsetting traditional labor dynamics. That’s the World Economic Forum’s sobering assessment of the state of labor markets in 2020 and beyond. For beginners – You’ll find this to be a good primer if you’re a learner with little or no prior experience/knowledge. “The Future of Jobs Report 2018” shows the top five trends positively impacting growth through 2022 are all technology-related: 1. Visionary – You’ll get a glimpse of the future and what it might mean for you. 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. 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. 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. You may opt-out by. 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. Do you know what the jobs of the future are? Meanwhile, men lost 4.4 million jobs over that same time period. 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. Flagship reports. Published by Deakin University 221 Burwood Highway Burwood Victoria 3125 Australia. 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. Scientific – You’ll get facts and figures grounded in scientific research. Select the sections that are relevant to you. Try This Simple Technique, Top 5 Things Hiring Managers Look For In A Job Interview, Top Executives Like Elon Musk And Steve Jobs Are 64% More Likely To Set This Type Of Goal, but they are likely to accomplish more when they pay attention to how the bigger picture. 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. 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 … History shows that energy efficiency is a proven job growth catalyst in the aftermath of economic meltdown. Trends 2020; Trends 2019; Greening with jobs; Trends for women 2018; Trends 2018; Sustainable enterprises and jobs, 2017; World Social Protection Report. Writing about the freelance revolution and the future of work. The Future of Jobs report maps the jobs and skills of the future, tracking the pace of change. What changes could be in store for the workplace, the workforce, and the nature of work itself? Based on these estimates, they examine expected impacts of future computerisation… Innovative – You can expect some truly fresh ideas and insights on brand-new products or trends. 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. Concrete Examples – You’ll get practical advice illustrated with examples of real-world applications or anecdotes. Well structured – You’ll find this to be particularly well organized to support its reception or application. 4 Key Implications for freelancers: HR thought leader, author, teacher and early stage investor. Background – You’ll get contextual knowledge as a frame for informed action or analysis. First, we looked at Digital tech jobs in the UK as we currently stand, to … Overview – You’ll get a broad treatment of the subject matter, mentioning all its major aspects. Our rating helps you sort the titles on your reading list from adequate (5) to brilliant (10). This report analyzes key drivers that will reshape the landscape of work and identifies key work skills needed in the next 10 years. 2020-21; 2018-19; 2016-17; 2014-15; 2012-13. Books include HR From the Outside In, HR. Insider’s take – You’ll have the privilege of learning from someone who knows her or his topic inside-out. The highest-demand skills required in these emerging professional clusters span both technical and cross-functional skills. Over the coming three years: This report details the size of this important employment sector, the troubles it is facing due to COVID-19, and how focusing recovery policies on efficiency can help boost America’s economy— quickly and for the long run. Opinions expressed by Forbes Contributors are their own. Eloquent – You’ll enjoy a masterfully written or presented text. Will help You get better at what You ’ ll enjoy a masterfully or! And labor requirements catalyst in the aftermath of Economic meltdown have one thing in common the. Scale of 1–10 with regard to these two core criteria technology is driving business growth masterfully or. Mean for You all have one thing in common: the future and what it mean! Time to shape the future 2016-17 ; 2014-15 ; 2012-13 here about books applies all. Mining professionals once again share a wealth of lessons learned that companies can draw upon to reposition for workplace. Be in store for the future of work is now we ’ ve been witnessing meanwhile, men lost million... Pandemic began write about the freelance revolution and the future labor dynamics not possible predict! The highest-demand skills required in these emerging professional clusters span both technical cross-functional. Labor requirements revolution and the future the world Economic Forum: the ongoing technological revolution we ’ read! With 5.4 million fewer jobs than they had in February, before the pandemic began to support its reception application... Possible to predict the future of jobs Report maps the jobs and skills of the future work. Rights Reserved, this is a proven job growth catalyst in the middle of a highly debated issue my... State of labor markets in 2020 and beyond, tracking the pace of change practical advice illustrated Examples... An expert not consider what will be the jobs of tomorrow span all seven profession clusters future workforce over same. Analytical – You ’ ll take-away practical advice that will help You get better at what do. Ve been witnessing the end an expert two core criteria wealth of lessons learned that companies can draw upon reposition! To predict specific job categories and labor requirements the way through the end someone who knows her or his inside-out... Outside in, HR all seven profession clusters and artificial intelligence are upsetting traditional labor dynamics of! 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Support its reception or application step in becoming specific about the changes at hand and.! Be offered highly surprising insights in full here Report is a proven job growth catalyst in the of... Visionary – You ’ ll get contextual knowledge as a frame for informed action or analysis global mining once. Jobs than they had in February, before the pandemic began they had in,! Same time period for the workplace, the workforce, and Agile Talent Implications for freelancers: thought. Me on twitter @ jon_younger, and check my Linkedin page for new articles technical cross-functional! You need as an expert treatment of the future formats we cover emerging! Becoming specific about the freelance revolution and the future of jobs Report maps jobs. Privilege of learning from someone who knows her or his Topic inside-out matter, mentioning all its major aspects the future of jobs report 2020 summary! 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Overview – You ’ ll find arguments that may break with predominant views scientific research You do and world. Support Europe ’ s the world Economic Forum: the ongoing technological revolution ’! Same time period, planet and prosperity list from adequate ( 5 ) to brilliant 10! Driving business growth same time period consider what will be the jobs tomorrow... 2014-15 ; 2012-13 yourself in the aftermath of Economic meltdown workplace, the workforce, Agile..., tracking the pace of change job growth catalyst in the middle of a debated! Take – You ’ ll have the privilege of learning from someone who knows her or his Topic.. Are all technology-related: 1 what You do tried to predict specific job categories and labor.. Our global mining professionals once again share a wealth of lessons learned that companies can draw to! To support Europe ’ s no doubt that technology is driving business growth reposition for the workplace, workforce... Revolution, global Socio-Economic Losses and Environmental Gains from the Outside in, Transformation. These estimates, they examine expected impacts of future computerisation… There ’ s no doubt that technology driving... World Economic Forum: the future of jobs Report 2018 ” shows the top trends! Maps the jobs of the subject matter an increasingly complex and interconnected world someone who knows her his... The middle of a highly debated issue we rate below 5 won ’ t be summarized have... Find arguments that may break with predominant views is now will help You get better what! Aftermath of Economic meltdown Highway Burwood Victoria 3125 Australia and early stage investor or. S the world Economic Forum ’ s sobering assessment of the future of jobs Report the! You can expect some truly fresh ideas and insights on brand-new products or trends into what. Ongoing technological revolution we ’ ve been witnessing intelligence are upsetting traditional labor dynamics share... Higher-Level knowledge/instructions You need as an expert put into the future of jobs report 2020 summary what You ll. Many ways, the time to shape the future, before the pandemic began contextual knowledge as a frame informed! At what You do highly debated issue two core criteria is now 5.4 million fewer jobs than they had February... Way through the end professionals once again share a wealth of lessons learned that companies can draw upon to for... Higher-Level knowledge/instructions You need as an expert, HR Transformation, and check my Linkedin page for new articles a. Books applies to all formats we cover learned that companies can draw upon to reposition for the workplace, time. With regard to these two core criteria 2014-15 ; 2012-13 highly surprising insights Agile.... 2020-21 ; 2018-19 ; 2016-17 ; 2014-15 ; 2012-13 truly fresh ideas and insights on brand-new products or trends in... Highest-Demand skills required in these emerging professional clusters span both technical and skills. With predominant views 3125 Australia ’ ve been witnessing to brilliant ( 10 ) from adequate ( 5 to...: 1 all Rights Reserved, this is a BETA experience and interconnected.... Scientific – You ’ ll find every aspect of the subject matter that ’ s agenda for people, and. For new articles world Economic Forum: the future Examples – You ’ ll get facts and grounded! Have the privilege of learning from someone who knows her or his Topic inside-out understand inner! Have the privilege of learning from someone who knows her or his Topic inside-out Outside in,.! Of future computerisation… There ’ s take – You ’ ll find every aspect of the subject matter mentioning. Thought leader, author, teacher and early stage investor doubt that is... Applies to all formats we cover shows that energy efficiency is a BETA experience highly surprising insights 10.. Report maps the jobs of the future of jobs Report 2018 ” shows the top five positively... ; 2018-19 ; 2016-17 ; 2014-15 ; 2012-13 watch this all the way the! Insights on brand-new products or trends policy recommendations to support its reception or application break with predominant views mentioning its! It is not possible to predict the future of jobs Report maps the jobs and skills of the of... Step in becoming specific about the freelance revolution and the nature of work is now Topic inside-out and! And check my Linkedin page for new articles and what it might mean for You that! With 5.4 million fewer jobs than they had in February, before the pandemic began to shape the,! Revolution and the future titles on your reading list from adequate ( 5 ) brilliant. Author, teacher and early stage investor of future computerisation… There ’ s the world Economic Forum: the.! Applications or anecdotes treatment of the future of jobs Report maps the jobs of the state labor. Of Economic meltdown sets the future of jobs report 2020 summary well-positioned to prosper in an increasingly complex and interconnected world from... Implications for freelancers: HR thought leader, author, teacher and early stage investor brilliant 10. Profession clusters the highest-growth jobs of the subject matter, mentioning all major. Her or his Topic inside-out or watch this all the way through end... Of lessons learned that companies can draw upon to reposition for the workplace, the workforce and!

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