The five forces shaping the future of work
The world of work is being rapidly reshaped by five key megatrends:
Geopolitical and economic uncertainty: forces
such as economic volatility, political instability, and climate change are
affecting how businesses operate in our globalized world;
Digitisation: The world of work is being
reshaped by digital transformation. Companies and their workforces are racing
to adapt to this at an extremely rapid pace;
Sociological change: All
around the world, historical norms are being challenged, and new paradigms and
expectations are arising;
A new demographic mix: Many
countries in the developed world are experiencing aging workforces, as people
work longer; at the same time, over half the global population is under 25
years of age;
Skills imbalances: The new
world of work is demanding rapid reskilling of workforces all around the world to
keep pace with technological change
The impact of these megatrends is increasing the need for new skills, new ideas, models of training and new policies. Employers are butting up against new expectations from their workforces – employees today want to work when, where, and how they wish, in an environment that matches their skills, interests and compensation needs. At the same time, employers need access to an evolving set of skills and leadership capabilities, to create flexible and agile workforces.
To put it simply: our greatest challenge will be the scarcity of talent and the increasing skills gap. Research suggests that 375 million employees (14% of the global workforce) will need to switch roles by 2030.
In response to this challenge, the Adecco Group has taken a leadership position on four key platform areas:
For companies to remain competitive, they need to transform their workforces now, and ensure they have the right skills to lead in the future. The era of a job for life has been replaced with the concept of lifelong learning: companies need to embrace this model and constantly invest in their workforces to keep pace with the rapid speed of skills evolution.
Today, the Adecco Group announces a new global commitment to upskill and reskill five million people around the world by 2030. We are proud to be playing an active role to ensure that individuals can fulfill their potential in this changing world of work and that companies and institutions have access to the talent they need to capitalise on the future opportunities ahead of them.
Education systems need to be better aligned to the emerging skills employers need, with a distinct focus on soft skills as well as upskilling technical capacities. Traditional education no longer prepares young people for the current and future world of work. Additionally, the era of a job for life has been replaced with the concept of lifelong learning: companies need to embrace this model and constantly invest in their workforces to keep pace with the rapid speed of skills evolution. The Adecco Group’s CEO for One Month program is designed to address some of these gaps.