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EMK Center Presentation 21st century job 2020
- 1. Curse and Boon of 21st Century Job Md. Asad-Ur-Rahman Nile Country Director Simprints Technology Ltd. www.simprints.com
- 3. Industrial Revolutions 4. Industrial revolution Based on cyber- physical- systems 3. Industrial revolution Through the use of electronics and IT further progression in autonomous production 1. Industrial revolution Introducing mechanical production machines powered by water and steam End of the 18th century. Beginning of the 20th century Beginning of the 70’s Industry 1.0 Industry 3.0Industry 2.0 Industry 4.0 Levelofcomplexity Today Source: DFKI/Bauer IAO 1760 to 1840 - Ushered in Mechanical production; railways and steam engine 1870 to 1940 - Mass production; electricity and assembly line
- 4. Building blocks of Industry 4.0 Industry 4.0 Autonomous Robots Simulation Artificial Intelligence Industrial Internet of Things Cyber Security Additive Mfg Augmented & virtual reality Big data , Analytics
- 5. Impact of Industry 4.0 Economy Business National & Global Society Individual
- 6. Top 10 Skills to be relevant in Industry 4.0 in 2020 1. Complex Problem Solving 2. Critical Thinking 3. Creativity 4. People Management 5. Coordinating with Others 6. Emotional Intelligence 7. Judgement and Decision Making 8. Service Orientation 9. Negotiation 10. Cognitive Flexibility in 2015 1. Complex Problem Solving 2. Coordinating with Others 3. People Management 4. Critical Thinking 5. Negotiation 6. Quality Control 7. Service Orientation 8. Judgement and Decision Making 9. Active Listening 10. Creativity Source: Future of Jobs Report, World Economic Forum
- 7. Source: Future of Jobs Report, World Economic Forum Declining and Emerging Jobs Declining of 4D Jobs – Dull, Dumb, Dirty and Dangerous
- 8. Is the Future RMG Industry in USA?! “We want people who can work with robots” P. R. Rajan, CEO, SoftWear Automation Daily production rate is 800,000 t-shirts for Adidas From fabric cutting to finished products in 4 minutes through automation The average time to produce one t-shirt is ~22 seconds Cost of each t-shirt is expected to be USD ~0.33 – cheapest in the world Annual production target is 1 billion t- shirts Production is expected to start from late 2020 Tianyuan Garments Company of Suzhou, China and SoftWear Automation are developing a fully automated RMG factory in in Little Rock, Atlanta, USA Cost: USD ~20 million HR: ~400
- 12. World Economic Forum, 2019
- 13. VUCA
- 14. • major change will be frequent and suddenVolatility • there will be many surprises and change will not follow a predictable patternUncertainty • problems & opportunities will be complex… with many different elementsComplexity • confusion from contradictory information / data will make mis-reads likelyAmbiguity
- 15. The Employment Challenges for a VUCA world Unpredictable changes in talent requirements Constant lack of talent/jobs, Retaining the best Reskilling & Upskilling existing talent Workforce Replacement Use of AI, Automation and Analytics in decision making Reducing workforce Changing Competencies Specialization and continuous learning Relentless unlearn and relearn
- 16. 2020 PANDEMIC
- 17. • There is no simple solution or answer • Situations can be explained differently based on perspectives • We don’t know what will happen or how long will it take • The situation is rapidly changing Volatile Uncertain ComplexAmbiguous
- 18. What happens if VUCA is not managed?
- 19. Where VUCA leads Twitter announced employees will be allowed to work from home ‘forever’ Uber fired over 3700 employees through a zoom call Airbnb fired 1900 employees over email Bird fired over 400 employees over 2 minute zoom call British Airways to reduce ~12,000 employees
- 20. Less human interaction in shopping and business is being preferred Demand for connectivity has never been higher Delivery services for essential products has increased by 5 times on average Distributed work culture established What is necessary and what is optional for getting the job done is becoming clearer Distance learning in schools, remote meeting, virtual conferences / events, virtual family events became reality & norm in just 2 months How this pandemic is accelerating 4IR
- 21. Linear Employment Model of 20th Century Study Full time Gain certificate Extra curricular activities Job Learn on the job Career progression Develop Skills Life progression Retirement
- 22. Interconnected Employment Model 21st Century Study / Learning/ Skills Full time / Part job Entrepreneurship Consultancy / Freelancing Retirement / Break
- 23. How to handle VUCA? Vision Understanding Clarity Agility Volatility Uncertainty Complexity Ambiguous
- 24. Be Reliable in Volatile Situations Be Trustworthy in Uncertain situations Be Direct in Complex Situations Be Understandable in Ambiguous situations VUCA Managing VUCA Individually
- 25. What do you want to do with your life? • How important is that to you? What makes you happy? Why ? How? • What skills do you need to reach there? • Where are you now? What are your skill gaps? Where do you want to see yourself in next 10 years? What are the things that you want to achieve in your life? • What is your plan B? C? D?.... What is your career plan? What will happen if that doesn’t work out? As a young professional : Ask YOURSELF the difficult questions Most importantly: Are YOU ready to COMMIT?
- 26. Most importantly: Are YOU ready to COMMIT?
- 27. • Skills does not mean certificates • Skills that are valuable and will be valuable in future • Certifications that are valued • Accredited • Internationally accepted • Relevant • Continue to broaden your horizon • Try to gather relevant experiences • Engage in volunteering work Focus on developing skills and qualifications Growth Mindset: We need to be “Flexible” and “Adaptive” in VUCA world
- 28. Talent!! You are TALENTED, if….. Being on time Work Ethic Effort Body Language Energy Attitude Passion Being Coachable Doing Extra Being prepared T A L E N T
- 29. What you will need for 21st century Job Adaptability and flexibility Tech savviness Creativity and innovation Data literacy Critical thinking Digital and coding skills Leadership Emotional intelligence According to WEF in just 5 years 35% of the skills deemed essential today will change. There is only one way to remain relevant in 21 century reality: Commit to a lifetime of learning
- 33. Global Opportunities Global Learning Platforms Creativity and innovation Flexibility Location mattering less New Skills: faster learning Access to technology Skills matter more Global Competition Too many options Context is the key Fast changes, VUCA Remote working challenges Competition will be fierce Even more competition Relentless learning 21st Century Jobs
- 34. 21st Century Job Relentless learning • Self learning for skills • International certifications • Hands on training Mindset • Vision • Growth mindset • Right attitude • Dedication • Failure is ok • Mentor Priority • Focus • Skills matter • World is getting smaller • Need to choose and spend time Action • Grit • Working hard • Working smart • Flexibility • Adaptability • Unlearn
- 35. VUCA vs. VUCA Opposite Forces at play
- 36. Ambiguous Agility ADVANCED MARKETING PROCESS Learning Mindset PriorityAction VOLATILE UNCERTAIN COMPLEX AMBIGUOUS VISION UNDERSTANDING CLARITY AGILITY
- 37. FOR 21ST CENTURY JOBS LEARNING IS A MANDATORY LIFELONG PROCESS, NOT ONLY TO SURVIVE BUT ALSO TO STAY RELEVANT PROFESSIONALLY.