By Baptista S. GEBU
Baptista is a multifaceted hybrid professional known for her work on the future of work. She is the CEO of FoReal HR Services. Building a team of efficient & effective workforce is her business. Affecting lives is her calling!
She is an HR Generalist, International Development Expert, Public Speaker, Researcher, and a Lifestyle Interventionist. You can reach her @Sarahtistagh across all platforms.
Research into the Future of Work and its changing nature has unveiled its highly anticipated 2025 report, offering a comprehensive analysis of the evolving global labor market skills actors will anticipate identifying as they prepare for future skills requirements.
The report projects the creation of 170 million new jobs by 2030, while 92 million roles are expected to be displaced, resulting in a net increase of 78 million jobs. Where do you see your industry?
Skills anticipation involves a strategic and systematic approach that allows labor market participants to identify and prepare for future skill requirements. Labour market actors, such as policymakers, employers, educational institutions, and training providers, must anticipate skills to effectively identify and prepare for future needs for several reasons.
To remain competitive in a global economy, it’s essential to have a workforce with the skills that meet current and future market demands. Also, a skilled workforce enhances productivity and drives economic growth. Anticipating future skills helps align the supply of skilled workers with the demand, reducing skill gaps and unemployment.
Most organizations conduct skills anticipation to support them put the right training and education programs in place to prepare workers for future roles. By anticipating future skills, labour market actors can ensure a dynamic and resilient workforce that is capable of meeting the challenges and opportunities of tomorrow’s job market. This proactive approach benefits individuals, businesses, and the broader economy.
Technological advancements, demographic shifts, geo-economic tensions, and economic pressures are identified as the primary drivers reshaping industries and professions worldwide. The report emphasizes the urgent need for up-skilling and reskilling to bridge the growing skills gap, with 39% of workers’ core skills projected to evolve significantly by 2030. With health now linked to the climate change agenda; I ask – how prepared are you and your business for the future of any Covid-like pandemic? Can you survive it?
A Future of Jobs report is a comprehensive research analysis that examines the trends and projections related to the global labor market. These research reports provide insights into how various factors, including technological advancements, demographic changes, and economic pressures, are expected to shape the job market in the coming years.
The workforce today needs key skills for tomorrow due to the rapid pace of change and evolving demands in the job market. These skills are crucial for several reasons.
A lot about our world is changing. Technology is advancing rapidly our way of life. There are emerging technologies transforming our industries and as such the current workforce needs to be proficient in these new technologies to stay relevant and competitive. Many businesses’ routine ways of doing things have also evolved rapidly. As automation takes over routine tasks, there’s a growing demand for skills that can’t be easily automated, such as creativity and complex problem-solving.
Several professionals these days are unable to problem-solve. They run away from life challenges when they encounter the least of life trials. Can you envision how many times the inventor of the light bulb – Thomas Edison, has to try? Many told him he failed several times. Rather he felt, he tried and discovered several ways of arriving at a solution.
Edison and his team conducted over 1,000 experiments before successfully inventing the light bulb. They tested various materials for the filament, including carbonized cotton thread and platinum, before finally settling on a carbonized bamboo filament that could last for up to 1,200 hours. How many times have you tried to be a change-maker? Remember – Knowing and not doing is not knowing!
Knowing about the future of jobs and work supports your organization’s changing job roles. The nature of many jobs is evolving. Workers need to be adaptable to switch roles and learn new skills quickly to keep up with these changes. It’s essential to stay ahead of the curve and respond to new opportunities and challenges adaptability brings to the equation.
As businesses operate on a global scale, workers need skills in cross-cultural communication and collaboration. Workers must excel in their fields to stand out in a global marketplace where competition is intense. We can address the complex globalization issues through research as we foster cross-cultural collaboration.
Most regions by observation are also facing an aging workforce, necessitating the need for younger workers to take on more responsibilities and for older workers to upskill and reskill. Embracing diversity and inclusion is crucial, and workers need skills to effectively work in diverse teams as we address demographic shifts.
The shift towards sustainable practices requires skills in environmental management and green technologies. Workers need to understand sustainable practices and how to implement them in their industries. The call for environmental sustainability is possible with in-depth research into the changing nature of work.
Economic uncertainties and pressures demand that workers be resilient and flexible, able to navigate and thrive in changing economic conditions. Economic growth is often driven by innovation, and workers need creative thinking and innovation skills to contribute to this growth. Interpersonal skills, empathy, and emotional intelligence are increasingly important in a collaborative work environment.
Effective leadership and teamwork skills are essential for driving organizational success in our quest to address human skills needed for the 21st century and beyond.
Today’s workforce can better navigate the challenges and opportunities of the future, ensuring they remain valuable and capable in an ever-changing job market by developing these future work skills. Can you survive without a corporate 8-hour job as an employee? Think about this!
Importance of Such Research and Skills for Your Future Career
Key components of a future of jobs report capture job market trends where analysis of current and future job trends across various industries and regions as well as predictions about job creation and displacement due to technological advancements and automation are announced.
Its Identification of the skills that will be in high demand in the future, places emphasis on both technical skills and human skills in its skills demand analysis.
On it Technological impact, this research examines how emerging technologies like artificial intelligence, robotics, and big data will influence jobs and discusses the potential benefits and challenges posed by these technologies.
Demographic and economic factors emphasize analysis of how these trends, such as aging populations and urbanization, will impact the workforce, considering economic factors like globalization and geo-economic tensions.
These research reports provide strategies for governments, businesses, and educational institutions to prepare for future job market changes, offering suggestions for up-skilling and reskilling initiatives to address the skills gap.
For stakeholders to make informed decisions, reports of this nature provide valuable insights for policymakers, businesses, and educators to make informed assessments about workforce planning, education, and economic policies. Same way – skills development, helps individuals and training providers focus on developing the skills that will be in demand.
These future work trends serve as a roadmap for navigating the evolving job market, ensuring that all stakeholders are prepared for the challenges and opportunities that lie ahead.
Career guidance, adaptation to change, strategic planning as well as economic development enable organizations and workers to leverage new opportunities, align their workforce strategies with future trends, and assist governments in shaping policies that promote economic growth and job creation and future-proof careers by aligning their skills and career paths with emerging trends.
Businesses to Thrive into the Year 2030 Need These Essential Tips
Not all businesses can thrive beyond tomorrow into 2030. Which industry do you find yourself? The changing nature of the workforce, the workplace, and work itself – is very real. You may not see it coming due to several factors and your geographical location. That does not mean it will happen.
How are you preparing for the future of your career? There are several essential future skills the workforce of tomorrow needs to know. We see technological skills advance where artificial intelligence, Cyber Security among others will intensify to cause demand for data analysis and cyber security roles important for navigating the digital landscape.
Most human skills will be critical for innovation and problem-solving. Resilience has been and will continue with several others to be a vital skill for adapting to rapidly changing work environments. Analytical thinking skills are important for decision-making and strategic planning. Leadership and teamwork are known to be keys to effective organizational success.
The growth of frontline roles such as farmworkers and many more will be driven by demographic trends and the green transition. It’s sad, how many parents are pushing their wards into studying courses which are likely to disappear sooner due to research as the new academic year begins for most institutions of higher learning. Conversely, administrative roles are expected to decline due to automation.
Roles on the Rise and Role Threaten
The Future of Work research paints a detailed picture of the evolving global job market, driven by technological advancements, demographic shifts, and the green transition. Research projects a net increase of some 78 million jobs by 2030, with some 170 million new roles being created and some 92 million jobs being displaced.
Frontline roles are expected to see the largest job growth in absolute terms by 2030. This surge is attributed to demographic trends, including aging populations and expanding urbanization, which drive demand for essential services. Additionally, the green transition is creating new opportunities in sectors like renewable energy and environmental engineering, further boosting demand for these roles.
Several roles are among the fastest declining, primarily due to advances in automation and digitalization. Automation technologies are expected to replace many routine and clerical tasks, leading to a significant reduction in these positions.
It’s important to know that graphic designers are now facing similar declines as generative AI reshapes the creative industry. Like I said earlier, you may not see the change coming. But it will happen as per research. Where are the Space-to-Space vendors today? Reach out and let’s prepare your business, educational, and religious organization for the change.
The Skills Gap and the Need for Reskilling
The critical importance of up-skilling and reskilling the global workforce to meet the demands of the changing job market cannot be over-emphasized. Nearly 40% of skills required on the job are expected to change by 2030, and 63% of employers cite the skills gap as the main barrier to business transformation. Technological skills are projected to see growth in demand, while most human skills will remain essential.
The Future of Work discourse emphasizes the dual nature of technological progress: while it creates unprecedented opportunities, it also poses significant risks. Businesses and governments are urged to collaborate in investing in skills development to build an equitable and resilient global workforce.
The future job market will require a blend of technological proficiency and human skills, making continuous learning and adaptability key to navigating the evolving landscape.
Baptista’s Call to Action
This change we are discussing, calls for collective action from all stakeholders be it – governments, businesses, and religious and educational institutions to invest in skills development and build an equitable and resilient global workforce ready to lead tomorrow’s workforce from today.
The time is now for us stakeholders to work together to prepare for the future of work and ensure that workers are equipped with the necessary skills to thrive in the evolving job market. Grab a copy of my new book to learn how to prepare now.
The post Exploring the vital skills for tomorrow’s workforce today appeared first on The Business & Financial Times.
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