There could be many roads to career success that one can take. However, the critical one that remains is the development of one’s skills and capabilities. Such capabilities and skills can be developed through education, learning, and abundant, meaningful work.
Its inter-connectedness exceptionally marks the global shift into the future of work. An ever-expanding cohort of new technologies characterizes it. While such advancement has led to increased interconnection and growth, it has also led to jobs becoming redundant, mass job displacement, skills shortages etc.
According to the third edition of the Future of Jobs Report 2020, many things need to be done at scale. These include taking a global overview of the ongoing technological augmentation of work, emerging and disrupted jobs and skills, mass reskilling and upskilling across industries, and new strategies for effective workforce transitions.
The report also states that a set of ground-breaking, emerging technologies have signalled the start of the Fourth Industrial Revolution over the past decade. It is believed that by 2025, a major change in how we work will be noticed. It looks like more machines and algorithms will be broadly employed, and this will reduce the time spent by human beings. It will most definitely disrupt the employment opportunities for workers employed across a broad range of industries. According to the Future of Jobs Survey, on average, 15% of a company’s workforce will remain at risk of disruption in the horizon up to 2025. On average, 6% of these workers are expected to be entirely displaced.