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The future of work is already here!
- 1. The Future of Work is Already Here! An Australian Context
- 2. We’re on the precipice of major disruption to how we work and the emergence of a future we can’t even imagine. President, Business Council of Australia, 2015 ‘ ’
- 3. It is anticipated that by 2030, 2 billion jobs that exist now will no longer be available and over the next ten years, 40% of employment will be freelance or self- employment. (Right Management, NAGCAS Conference 2017 – Keynote Address, Global Networking - Bridget Beattie – Regional General Manager, India, Australia, NZ Nick Grage-Perry, Principal Consultant)
- 4. Changing Work Patterns Increased casualisation Under employment Reduced employment security Working harder/longer hours Emergence of gig economy eg. Contract / freelance / portfolio work Wage growth stagnation Increase in outsourcing Flexible work arrangements increasing Worker expectations of employers / work changing AI affecting traditional industries eg. Manufacturing, agriculture + many others!
- 5. What is Australia doing to prepare for the changing nature of work? • Organisations are starting to realise the need for adaptability and developing the workforce. • There is a need for greater government and industry policy development and leadership. • Current Government is investing over $525 million in skills training predominantly in the Vocational Education Training (VET) sector • Current Government looking to change Australia’s labour laws – suggestions of sanctions on unions • Government has a policy to boost women’s workplace participation
- 6. Being successful in today’s highly technological and globally competitive world requires a person to develop and use a different set of skills than were needed before. (Shute & Becker, 2010).
- 7. Top 10 skills 2020 1. Complex Problem Solving 2. Critical Thinking 3. Creativity 4. People Management 5. Coordinating with Others 6. Emotional Intelligence 7. Judgment and Decision Making 8. Service Orientation 9. Negotiation 10.Cognitive Flexibility 2015 1. Complex Problem Solving 2. Coordinating with Others 3. People Management 4. Critical Thinking 5. Negotiation 6. Quality Control 7. Service Orientation 8. Judgment and Decision Making 9. Active Listening 10.Creativity Source: Australian Government, Department of Jobs and Small Business, Australian Jobs 2019 Source: Future of Jobs Report, World Economic Forum, 2016
- 8. There are 7 new job clusters in Australia Job clusters were created by analysing 2.7 million job advertisements When a person trains for/works in 1 job, they acquire SKILLS for 13 other jobs! An individual could choose a job cluster based on their interest and strengths rather than focus on one dream job. Source: Foundations for Young Australians: New Work Order Series, The New Work Mindset
- 9. More on-the-job learning is needed to develop skills! WHY??? 1. Formal training is expensive. 2. There is a lack of transfer between what is learnt in the classroom and what is needed in the workplace. 3. Work and occupational requirements are changing faster than ever. Source: Deloitte Insights
- 10. Source: Deloitte Insights What can business and Government do? People Power: Move from qualifications to skills!
- 11. By investing in people (skills development) they will be ready for the:
Editor's Notes
- Taking responsibility for your career management and employability skill development is even more important now given the changes in the world of work… No longer is career development about preparing you for a specific role upon graduation, but rather about supporting you to develop a mindset and attitude that prepares you to confidently explore and create new opportunities, take on challenges wholeheartedly, a willingness to embrace change and uncertainty and the ability to be adaptable and flexible. Mindset is your mental attitude that determines how you will interpret and respond to these changing situations. We want to fuel your motivation to be persistent and resilient, so you continue to take decisive action towards your career goals despite any setbacks or challenges you experience. This will require you to be optimistic so you view opportunities as possible and attainable as well as developing your ability to look for the lessons in each experience you face. This is a lifelong process and will involve many different transitions!
- If we are serious about preparing students to succeed in the world, we should not require that they memorize facts and repeat them on demand; rather, we should provide them with opportunities to interact with content, think critically about it, and use it to create new information. Preparation for future work situations requires teaching learners to use their minds well. As the World Economic Form has put it: …five years from now, over one third of skills (35%) that are considered important in today’s workforce will have changed. It is the fourth industrial revolution – by 2020 it will have brought us advanced robotics and autonomous transport, artificial intelligence and machine learning, advanced materials, biotechnology and genomics.
- What skills will change most? Creativity has become one of the top three skills workers will need. With the avalanche of new products, new technologies and new ways of working, workers are going to have to become more creative in order to benefit from these changes. Robots may help us get to where we want to be faster, but they can’t be as creative as humans (yet). Whereas negotiation and flexibility are high on the list of skills for 2015, in 2020 they will begin to drop from the top 10 as machines, using masses of data, begin to make our decisions for us. A survey done by the World Economic Forum’s Global Agenda Council on the Future of Software and Society shows people expect artificial intelligence machines to be part of a company’s board of directors by 2026. Emotional intelligence, which doesn’t feature in the top 10 in 2015, will become one of the top skills needed by all. Demand for enterprise skills (communication skills, presentation skills, digital literacy, problem solving, critical thinking, financial literacy, creativity, teamwork) has been rising over time. According to “The New Basics: Big data reveals the skills young people need for the New Work Order” report undertaken by the Foundation for Young Australians over the past 3 years, employers have listed more enterprise skills in their job advertisements. Eg, proportion of jobs that demand critical thinking has increased by 158%, creativity by 65%, presentation by 25% and teamwork by 19%. They also pay higher – jobs that requested presentation skills paid an additional $8853 pa, digital literacy $8648, problem solving $7745, financial literacy $5224, and creativity $3129. So, knowing your skills (plus the areas you may need to develop) also pays!
- Have you thought about how your industry will be affected by technology? Can click on link and type in any profession for a predicted percentage of how susceptible that job is to automation.