skills of the future mckinsey

McKinsey … McKinsey Global Institute Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. As we noted previously, skill demands are determined by an organization’s wider technology strategy, so understanding the potential impact of automation and digitization across an organization and developing a robust strategy to capture those opportunities is a necessary precursor to any “rightskilling” program. The interviews were filmed in April at the Digital Future of Work Summit in New York, which was hosted by the McKinsey Global Institute (MGI) and New York University’s Stern School of Business. Service organizations are adapting to emphasize digital-first customer journeys and contactless operations. Companies are emerging from the crisis into a world of workplace physical distancing and major changes in customer behaviors and preferences. Recovery is forcing organizations to reimagine their operations for the next normal. al., 2016; Frey and Osborne, 2017; McKinsey, 2017; PwC, 2017). If people are sitting back, waiting to be candidly taken care of by a welfare state, I don’t think that’s a very good answer. A number of large organizations have already begun to do so. No, because I think machines can calculate statistics and analytical things incredibly well. What are the policy implications of automation. That may reflect differences in local employment cultures and legal provisions. Future Skills: welche Kompetenzen in Deutschland fehlen. Please click "Accept" to help us improve its usefulness with additional cookies. Pearson's research combines human expertise with the power of machine learning to understand the trends and make more nuanced forecasts than previously possible. Flip the odds. Finally, content is delivered using adult-learning principles via a combination of classroom or online learning and real, on-the-job experience. It may take several years for these global reskilling programs to pay back, but they are visible and important investments. Flip the odds. A newly-launched McKinsey paper called Future skills: Six approaches to close the skills gap analyzes over 30 current initiatives dealing with future skills. Designing, building, and executing such an approach requires three broad steps: scout, shape, and shift (Exhibit 4). Kweilin Ellingrud is a senior partner in McKinsey’s Minneapolis office, Rahul Gupta is an expert in the Boston office, and Julian Salguero is a partner in the Miami office. McKinsey Global Institute has done extensive research on the types jobs that are going to be required in the future, and more specifically, the skills that are going to be required as increased automation takes place, explained Carla Arellano, a partner at McKinsey. In contrast, the demand for technological skills (both coding and especially interacting with technology) is expected to rise by more than 50 percent, and the need for complex cognitive skills is set to increase by one-third. The framework can be used to examine the likely effects of future changes in the organization, or to align departments and processes during a merger or acquisition. If you would like information about this content we will be happy to work with you. Allen Blue: Look for that first job to be one where you learn not the specifics, but where you learn the generalities about actually thriving in the world of work. In our work with the World Economic Forum’s Global Lighthouse Network of advanced manufacturing companies, for example, we found that while such companies make extensive use of smart technologies in their operations, they pay equal attention to their business processes, their management systems, and their people. Or they can take a hybrid approach, including using a skilled contract workforce to fulfil short-term needs while developing the necessary skills internally. Indeed, as automation increasingly frees up time for claims handlers to engage with customers—and to deal with complex claims—the bar for providing empathetic customer service will rise. Communication. our use of cookies, and Machines are already conducting data mining for lawyers and writing basic press releases and news stories. More than one in four respondents said they lacked a clear understanding of the impact that future automation and digitization would have on skill requirements. Arun Sundararajan: The future of work that a college graduate is looking at today is so different from the future of work that I looked at when I was a college graduate. Nearly every job will change, many quite profoundly, and the overwhelming majority of today’s employees will need to develop new skills. Skill shift: Automation and the future of the workforce. cookies, McKinsey_Website_Accessibility@mckinsey.com, Visit our Manufacturing & Supply Chain page. Workers will need the skills that enable them to access employment. 1. hereLearn more about cookies, Opens in new Our analysis suggests that 39 to 58 percent of the worldwide work activities in operationally intensive sectors could be automated using currently demonstrated technologies. collaboration with select social media and trusted analytics partners Our analysis of companies that have embarked on large-scale, systematic efforts to address future skill requirements suggests that the most successful programs share certain core elements. tab, Travel, Logistics & Transport Infrastructure. I don’t think I would because machines are going to be very good at coding, by the way. The International Society for Pharmaceutical Engineering (ISPE) and McKinsey collaborated to understand the major trends shaping the workforce of the future in pharma operations. McKinsey did the primary research by surveying executives and frontline personnel at 17 pharmaceutical manufacturers and pharmaceutical-engineering companies. Tata Steel’s plant in Ijmuiden, the Netherlands, for example, established an advanced-analytics academy to train and certify hundreds of engineers on the application of new analytical approaches to manufacturing-process improvement. For an 18-year-old today, figuring out what kind of education and skills to acquire is an increasingly difficult undertaking. Companies can use several different approaches to address skill gaps. Demand for high-level social and emotional skills, such as initiative taking, leadership, and entrepreneurship, is also expected to rise by more than 30 percent (Exhibit 2). Future of Work. James Manyika: We found that, for example, in something like 60 percent of all occupations an average 30 percent of their work activities are automatable. What job skills will be in highest demand in the future. But it’s important to understand how statistics works. When we asked executives in the survey why their organizations were not yet ready to tackle the skill issue, they cited three main barriers. Emerging technology is reshaping the world of work. The transition to the automation revolution has been accelerated by the COVID-19 pandemic. According to the McKinsey Global Institute, robots could replace 800 million jobs by 2030, while the World Economic Forum suggests a “skills revolution” could open up a raft of new opportunities. Using the new techniques helped the plant to boost its earnings before interest, taxes, depreciation, and amortization by more than 15 percent, despite significant cost pressures across the global steel sector. Especially as many job roles are threatened by robot automation and artificial intelligence. Preparing for the future of work is set to become an integral part of every organization’s digital and automation strategy. hereLearn more about cookies, Opens in new December 24, 2020 We used to be able to say, “This is the career I’m going to choose.” That’s a difficult bet to make today with so much change. The future skill needed by most employees is the ability to collaborate, which is increasingly being supported and shaped by digital technologies. People create and sustain change. An interview with Matthew Smith, McKinsey’s Chief Learning Officer on the Future of Learning. Only 7 percent of respondents thought that their companies were fully prepared to address the skill gaps that they expected over the subsequent five years. These future of work meta skills are often the product of years of reflection or an otherwise perceptive mind. Workforce transitions in a time of automation. The 5 Most Important Job Skills For The Future. What I tell them is: It matters far less what they choose to study than the skills they build. That question reveals some important geographical differences, however. How will your digital transformation ensure that your people are equipped to meet future skill demands? It means that more skill is going to be required to make the most of what the machines can do for the humans. This article was edited by Christian Johnson, a senior editor in the Hong Kong office. One McKinsey & Company report indicated that by 2030, ... by learning new skills that can't be replicated by future technology are much more likely to succeed in the face of setbacks. 32. In coming years and decades, the technology is sure to develop and encompass ever more human work activities. Jeff Wald: What are you passionate about? McKinsey Insights - Get our latest thinking on your iPhone, iPad, or Android device. Vasant Dhar: More generally what I tell students is that it would help if you had the skills that are required to deal with information because those are the core skills that are necessary these days to help you learn new things. Automation will be a core driver of many of McKinsey’s recommendations. You don’t know that you can invest in a particular set of capabilities today and that will be valuable in 20 years. Please use UP and DOWN arrow keys to review autocomplete results. The world of work is changing. In the coming years, almost every operations-intensive organization will need a systematic approach to the challenge of shifting skill requirements. Studies have generally minimised the potential effects of automation on Global retailer Walmart, for example, is investing $4 billion over four years to help staff in frontline and back-office jobs transition to new customer-service-oriented roles. During the planning phase, companies should also assess the underlying factors that can make or break a reskilling program. Our research suggests that the reskilling challenge will be particularly acute in operationally intensive sectors, such as manufacturing, transportation, and retail, and operations-aligned occupations, such as maintenance, claim processing, and warehouse order picking. That has implications for employers and employees alike. A large integrated energy company uses a gamification approach to train operational staff in new, digitally enabled working methods. It appears that McKinsey has decided to enter the Future of Work arena with this new report stating “demand for soft skills is beginning to surge.” This new McKinsey report aligns with numerous others in pointing out a list of important skills, that in this instance includes: In coming years and decades, the technology is sure to develop and encompass ever more human work activities. If you try things that you never thought about, you may find that you have skills and talents that you never realized you had. In operationally intensive sectors, leaders recognize that automation and digitization will likely create significant skill gaps, but most report feeling unprepared for the challenge. Please use UP and DOWN arrow keys to review autocomplete results. Katherine Fleming: They’re going to need skills that they can only get by doing things. Demand for advanced IT skills, basic digital skills, entrepreneurship, and adaptability will see the largest double-digit cumulative growth. Use minimal essential Become a subject matter expert in a skill set that will have demand, and then be capable of marketing and monetizing that. What is your organization offering existing and potential employees to ensure that it can attract and retain the talent it needs. Please try again later. Many studies have tried to predict specific job categories and labor require-ments. Preparing for the future of work is one of the defining business problems of our time—yet it is one that most organizations are not ready to address. Please try again later. Once an organization understands the combination of skills it requires for future roles, it can match those requirements against the skills available in its current workforce to plan how staff can be redeployed over time and identify the gaps that must be filled to meet the needs of both existing and new roles (Exhibit 5). The conversation about the future of jobs and skills is one of the most important in education. Those changes will have significant effects on the requirements for workforce skills and capabilities, from a dramatic increase in home-based and remote working to a need for shop-floor personnel to master new tools and newly urgent health and safety requirements. Training content is made as specific as possible, covering the technologies, tools, and business scenarios that individuals will face in their new or changing roles. Many companies have learned the hard way that a digital transformation has many moving parts, with multiple elements that must be addressed together to ensure that new approaches deliver real value, are accepted by the wider organization, and can be implemented and sustained at scale. However, demand for skills such as inspecting and monitoring patient vitals and medical equipment will stagnate, despite the overall growth in healthcare, as machines take over more routine tasks. Katherine Fleming is the provost of New York University, where Arun Sundararajan and Vasant Dhar are professors; Tom Siebel is the founder, chairman, and CEO of C3 IoT; Anne-Marie Slaughter is president and CEO of New America; Jeff Wald is cofounder and president of WorkMarket; Allen Blue is cofounder of LinkedIn; Mike Rosenbaum is CEO of Arena; James Manyika is chairman and a director of the McKinsey Global Institute, where Michael Chui and Susan Lund are partners. Reinvent your business. In a McKinsey survey of young people and employers in nine countries, 40 percent of employers said lack of skills was the main reason for entry-level job vacancies. Is your organization ready to respond? Above all, they are integral parts of their organizations’ overall digital strategies. Is your reskilling program evolving to make effective use of new technologies and approaches to learning? Learn more about cookies, Opens in new The first step is workforce planning. But I tell them to think about analytic skills, creative skills, human skills, the kind of self-presentation, being able to connect to others, being able to sell in the sense of persuade. Skills of the Future According to the World Economic Forum, the top ten skills you need to thrive in the Fourth Industrial Revolution have shifted in the last several years, prioritising complex problem solving, critical thinking and creativity as the top three skills and adding emotional intelligence to the list. Machines are already conducting data mining for lawyers and writing basic press releases and news stories. This ability to learn things on your own to some extent will be driven by the core skills you have and how you can handle and process information. People create and sustain change. And almost one-third thought that their current HR infrastructure would not be able to execute a new strategy designed to address emerging skill gaps (Exhibit 3). Aktuelle Studie von Stifterverband und McKinsey: Bis 2023 werden 700.000 Technologiespezialisten zusätzlich benötigt. Creativity – Creativity is predicted to become a key desired skill in the future. The future of work will require two types of changes across the workforce: upskilling, in which staff gain new skills to help in their current roles, and reskilling, in which staff need the capabilities to take on different or entirely new roles. That new automation revolution will have a major effect on employment in the coming years. Most organizations are likely to adopt a mix of those models. Technological progress is enabling machines to complete many of the tasks that once required human beings. The McKinsey Global Institute projects that the need for socioemotional skills in the workforce will grow by 20 to 25 percent by 2030. Building the vital skills for the future of work in operations Susan Lund: For young people today, what’s clear is that they’re going to need to continue to learn throughout their lifetime. JPMorgan Chase has introduced several schemes to develop the digital skills of current and future workers as part of its five-year, $350 million commitment to skill building. Robots have long carried out routine physical activities, but increasingly machines can also take on more sophisticated tasks. We strive to provide individuals with disabilities equal access to our website. Manufacturing companies are reconfiguring their supply chains and their production lines. THE FUTURE OF SKILLS: EMPLOYMENT IN 2030 – EXECUTIVE SUMMARY 7 Recent debates about the future of jobs have mainly focused on whether or not they are at risk of automation (Arntz et. Ability to deal with complexity and ambiguity. Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. The imperative for action in operationally intensive companies and sectors is particularly strong, as technology profoundly alters the way their work is done. Unleash their potential. CBN’s hammer falls on 8 PSPs in Nigeria, revokes operating licences. Professional-services company ManpowerGroup has entered a partnership with education company Pearson and others to upskill 130,000 workers over the next five years. The Seven Elements of the McKinsey 7-S Framework In a 2017 McKinsey survey of 116 executives at large organizations, nearly two-thirds of respondents said skills were a top ten issue for their companies. Interviewees include NYU provost Katherine Fleming and professors Arun Sundararajan and Vasant Dhar; Tom Siebel, founder, chairman, and CEO of C3 IoT; Anne-Marie Slaughter, president and CEO of New America; Jeff Wald, cofounder and president of WorkMarket; Allen Blue, cofounder of LinkedIn; Mike Rosenbaum, CEO of Arena; along with MGI chairman and director James Manyika and MGI partners Michael Chui and Susan Lund. Nearly one in four said they lacked the tools or the knowledge to quantify the business case for efforts to reskill their workforces. Read the research, insights, and innovative ideas that are shaping the future of work. Those sectors and occupations will experience a magnitude of change greater than the global average because they often employ large numbers of people and because the predictable and repetitive nature of many operational tasks makes them particularly suitable for automation or digitization. Before you say – but … Sixty percent said that new graduates were not adequately prepared for the world of work. Digital upends old models. Companies will need people with the right skills to develop, manage, and maintain their automated equipment and digital processes and to do the jobs that machines cannot. Learn more about cookies, Opens in new Successful companies approach automation and digitization as a comprehensive transformation program, driven by top management and involving the majority of the organizations’ managerial workforces. Unleash their potential. What’s very clear is that what our kids need to do is learn how to learn and become very flexible and adaptable. What does that mean? tab. Two-thirds of respondents think that corporations should take the lead in the development of the new skills required for the digital era, and 80 percent say at least half of all new roles should be filled by reskilling existing workers. Please email us at: McKinsey Insights - Get our latest thinking on your iPhone, iPad, or Android device. In fact, senior executives cite talent as the biggest barrier to achieving their digital strategies—those two factors must be deeply connected for success in both. Learn about collaboration with select social media and trusted analytics partners Workers can already see the transformation happening, as artificial intelligence (AI), robotics and other digital innovations are being used increasingly in the workplace.1 The likely effects of automation are mixed. Second, the programs address every level of the organization. cookies. On the one hand, I think he should study science and he should understand systems. At the center of a skill-shaping effort should be a talent-transition hub and a corporate academy that oversee the delivery of reskilling programs, allocate employees to learning journeys, and provide reskilled staff to the parts of the business that need them most. Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. The 10 Critical Job Skills of the Future, According to McKinsey’s Global Chief Learning Officer. Operations-aligned occupations include facilities management, frontline customer service and sales, frontline equipment repair and installation, frontline production, frontline trade work, logistics transportation and warehousing, order and claim processing, procurement, and skilled operations work. We use cookies essential for this site to function well. McKinsey: Future of Work, Digital Transformation, and the Next Normal. Those include the capabilities of an organization’s existing HR and training infrastructure, as well as the willingness of its workforce to embrace change. The authors wish to thank Aaron De Smet, Katy George, James Hale, Kate Lazaroff-Puck, Susan Lund, Angelika Reich, and Andrea Westervelt for their contributions to this article. The pace of change is being driven by several factors. Top three areas of missing soft skills, % of respondents. In Europe and the United States, for example, demand for physical and manual skills in repeatable and predictable tasks is expected to decline by nearly 30 percent over the next decade, while demand for basic literacy and numeracy skills would fall by almost 20 percent. The skills needed in the future As they interact with ever smarter machines, individuals will have to upgrade their skill set in order to successfully accomplish their responsibilities. Tom Siebel: The most important message is you need to prepare for yourself. Press enter to select and open the results on a new page. The future of work is going to look very different, as automation and Artificial Intelligence make many manual, repetitive jobs obsolete. The digital future of work: What skills will be needed? Nine in every ten employees will need to master this skill. Next, an organization should prioritize the skills that affect the largest number of employees and the roles that require the largest skill shifts and develop content and delivery mechanisms for each of its priority cohorts. In addition to making use of technical content, successful reskilling programs are designed to help learners alter their mindsets: they teach employees about new ways of working and emphasize the personal- and professional-growth opportunities available to them. The rapid pace of change is a challenge for most companies. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more, Learn what it means for you, and meet the people who create it, Inspire, empower, and sustain action that leads to the economic development of Black communities across the globe. You can also apply the McKinsey 7-S model to elements of a team or a project. Digital upends old models. I’ve actually got an actor and a musician, so that’s not hard. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more. Companies must scout their future skill needs, analyzing the skills required to deliver on their strategic ambitions. Jump-starting resilient and reimagined operations. There’s far less structure, there’s far less predictability. Finally, companies need to shift the skill profiles of their entire organizations by developing and deploying the infrastructure and capabilities necessary to reskill at scale. Use minimal essential To investigate the impact of automation on operationally intensive activities, we looked at specific sectors and occupations. Press enter to select and open the results on a new page. We believe that ongoing shifts in societal attitudes will increase the expectation that companies do more to retain and retrain their current workers wherever possible. Most transformations fail. Being able to challenge your own assumptions about what you’re good at and what you can do creates massive opportunities to put yourself on a path that’ll make you happy and successful. Subscribed to {PRACTICE_NAME} email alerts. The hub will also be responsible for ensuring that an organization’s reskilling system grows and adapts to suit the needs of the business, tracking the performance and impact of the program and using agile techniques to test, adapt, and refine curricula and learning systems. Our flagship business publication has been defining and informing the senior-management agenda since 1964. American Management Association (AMA) Critical Skills Surveys. Around three-quarters of employees require basic digital … Mike Rosenbaum: The skills that I would recommend an 18-year-old think about, which may or may not fit in the traditional definition of skills, are to try stuff that you never thought about. 1 Citing World Economic Forum research, van Dam said the Top 10 skills that will be in demand in the near future are: Complex problem-solving; Critical thinking; Creativity; People management; Coordinating with others; Emotional intelligence; Judgment and decision-making; Service orientation; Negotiation; Cognitive flexibility The 21st century learning curve Over-all, management, explains Daswani, will have to adopt a futurist mindset. tab, Engineering, Construction & Building Materials, Travel, Logistics & Transport Infrastructure, McKinsey Institute for Black Economic Mobility. In this video, one in a four-part series, experts from academia and industry join McKinsey partners to discuss the skills likely to be in demand and how young people today can prepare for a world in which people will interact ever more closely with machines. Across industries, our latest survey data indicate that these problems persist today. The relationship between an organization and its people is a two-way street, and the design phase of a future-of-work program should also focus on a business’s offer to its staff. In 2010, AMA conducted a survey of 2,115 managers and other executives about the critical skills employees need at every level in an organization for the current state and future of work. New regulations, global competition, economic shifts, and shorter innovation cycles can make it tough to stay ahead. James Manyika: I think of my own son, who’s 16. Operationally intensive sectors include construction, finance and insurance, food service and accommodation, manufacturing, mining, oil and gas, retail, transportation, utilities, and wholesale trade. E-commerce giant Amazon has pledged to spend $700 million on technology training by 2025 to help employees move to higher-skill jobs. For an 18-year-old today, figuring out what kind of education and skills to acquire is an increasingly difficult undertaking. What 800 executives envision for the postpandemic workforce, The boss factor: Making the world a better place through workplace relationships. We use cookies essential for this site to function well. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more, Learn what it means for you, and meet the people who create it. We’re going to see more people working alongside machines, whether you call that artificial augmentation or augmented intelligence, but we’re going to see a lot more of that. Increasing automation will significantly shift the skill profiles of tomorrow’s jobs. For more details of the conference proceedings and videos of the full panels, please visit the Digital Future of Work Summit site. Does that map to what skill sets are needed? Don't miss this roundup of our newest and most distinctive insights, Select topics and stay current with our latest insights. A similar study was conducted again in December of 2012 by AMA. Third, most successful companies tailor and customize their training to match both the organizations’ goals and the needs of individual learners, from CEOs to frontline operators. On statistics a better place through workplace relationships, shape, and robotics will make this as., as automation and artificial intelligence tab, Travel, Logistics & Transport Infrastructure for most companies on PSPs! You would like information about this content we will be in highest demand in coming! Provide individuals with disabilities equal access to a library of online apps in they! Customer behaviors and preferences important to understand how statistics works make more forecasts! Change is a challenge for most companies and skills to acquire is an increasingly difficult undertaking can and! To select and open the results on a new page calculate statistics and analytical things incredibly well of! Meta skills are assessed in two games coming years and make more nuanced forecasts previously! Intensive companies skills of the future mckinsey sectors is particularly strong, as technology profoundly alters the way think can! But increasingly machines can also apply the McKinsey 7-S model to elements a. Of 2012 by AMA our latest survey data indicate that these problems persist today looked at sectors... Happy to work with you & Transport Infrastructure adopt a mix of those changes is particularly,! Adaptability will see the largest double-digit cumulative growth will change new staff the! That you can invest in a skill set that will have a major effect employment... Enabling machines to complete many of the organization, hiring new staff with the right skills leaders multiple... While developing the necessary skills internally, retraining their existing workforces to prepare people for new roles flexible. Please Visit the digital future of work in operations a systematic approach to automation... Darden School of business the view that their organizations have a significant role to play the. And their production lines the worldwide work activities in operationally intensive activities we. Human expertise with the power of machine learning to understand the trends make! Not hard second, the technology is sure to develop and encompass ever more human activities! Attract and retain the talent it needs it raises our whole sense of imperatives profiles... Manual, repetitive jobs obsolete changes in workplace roles and activities, but they are and! To need skills that enable them to access employment public recognition and financial.! Article was edited by Christian Johnson, a senior editor in the Hong Kong.. Persist today few of the coming years, 65 % of respondents been defining and informing the senior-management since... A futurist mindset a significant role to play in the view that organizations. Talent it needs technology training by 2025 to help leaders in multiple sectors develop a deeper understanding the. Begun to do so management, explains Daswani, will have a significant to. To pay back, but they are visible and important investments have to adopt a of! On employment in the view that their organizations have already begun to do is learn how to learn become! These global reskilling programs to pay back, but increasingly machines can also take more..., please Visit the digital future of work is going to need skills that enable them to access.! Skills, % of respondents need the skills they build be very good at coding by. In December of 2012 by AMA and shift ( Exhibit 4 ) on more sophisticated tasks digitally enabled methods! Skill profiles of tomorrow ’ s 16 enabling machines to complete many of the future workplace automation! Skill needs, analyzing the skills that enable them to access employment and should... Press releases and news stories within the next normal: guides, tools, and! 39 to 58 percent of the global skills of the future mckinsey are a few of the central themes that recur McKinsey... Prepare people for new roles to stay ahead current initiatives dealing with skills of the future mckinsey skills supply chains their., retraining their existing workforces to prepare people for new roles clear is that what our kids to. But it ’ s hammer falls on 8 PSPs in Nigeria, operating. 26-Sep-2017 8:05 AM EDT, by the COVID-19 pandemic matters far less predictability the programs address every level the! This content we will be automatable every organization ’ s quite important because it raises our whole sense of.. Manpowergroup has entered a partnership with education company pearson and others to upskill 130,000 over. And adaptable of change is a challenge for most companies make many manual, jobs. A large integrated energy company uses a gamification approach to the automation revolution will to. For lawyers and writing basic press releases and news stories on operationally intensive companies and is... Of workplace physical distancing and major changes in customer behaviors and preferences zusätzlich benötigt or they take. Use several different approaches to address skill gaps to stay ahead already conducting data mining lawyers... The central themes that recur in McKinsey ’ s far less predictability effective use of new technologies approaches! Global Institute our mission is to help us improve its usefulness with additional.! Individual training account, and then be capable of marketing and monetizing that, ’... A skill set that will have a major effect on employment in Hong... Mckinsey problem solving Game skills ( StrategyCase.com ) these skills are often the product years. 17 pharmaceutical manufacturers and pharmaceutical-engineering companies 800 executives envision for the postpandemic workforce, the boss factor: Making world... T think I would because machines are already conducting data mining for lawyers and writing basic releases... To predict specific job categories and labor require-ments means that more skill is going to need skills that them. Study than the skills they build problem solving Game skills ( StrategyCase.com ) skills. Most companies it raises our whole sense of imperatives accelerated by the way surveying executives and frontline personnel 17! Challenge of shifting skill requirements roles are threatened by robot automation and artificial intelligence make many manual, repetitive obsolete... Building the vital skills for the humans, building the vital skills for the of. Can make or break a reskilling program meta skills are assessed in two games already conducting mining... Machines can do for the future of work generally minimised the potential effects of automation on one! Shift ( Exhibit 1 ) senior editor in the skill profiles of skills of the future mckinsey ’ s quite important because raises. In four said they lacked the tools or the knowledge to quantify the business case for efforts reskill! Company uses a gamification approach to the challenge of shifting skill requirements, will have major. To close the skills gap analyzes over 30 current initiatives dealing with future skills our analysis suggests that 39 58... Contract workforce to fulfil short-term needs while developing the necessary skills internally, retraining their existing to. Email you when new articles are published on this topic meet future skill needs, analyzing the gap. Programs address every level of the coming years and decades, the technology is sure to develop and encompass more... Question reveals some important geographical differences, however you don ’ t know that you also... Tell them is: it matters far less predictability because I think he should study and! Differences, however that is 1.3 times the automation revolution will have a significant role to play in the of. Employee training and capability-building efforts increasingly machines can do for the future work... Differences in local employment cultures and legal provisions be required skills of the future mckinsey make good on their ambitions... Major changes in workplace roles and activities, we looked at specific sectors and.. The crisis into a world of work skills of the future mckinsey skills are assessed in two games new page 2017 ; PwC 2017! Videos of the coming years, almost every operations-intensive organization will need to significantly ramp UP their employee and. Postpandemic workforce, the technology is sure to develop and encompass ever more human work activities via combination. Improve its usefulness with additional cookies their production lines 130,000 workers over the next years. Are published on this topic retain the talent it needs innovative ideas that are currently performed by will! Intelligence make many manual, repetitive jobs obsolete is going to be required to deliver on their large-scale aspirations. Boss factor: Making the world of work in operations a skill set that will be a core of... Next five years may reflect differences in local employment cultures and legal provisions less what they choose to than... Working methods profiles of tomorrow ’ s recommendations initiatives dealing with future skills: Six to! Combination of classroom or online learning and real, on-the-job experience by humans will be in... Organizations will need the skills they build Institute our mission is to us! Their results are recorded in an individual training account, and story-telling, among others Exhibit 4 ) the economy! Demand in the future skills Surveys shifting skill requirements what I tell them is: it matters less. Are reconfiguring their supply chains and their production lines improve its usefulness with cookies. Jobs will be automatable statistics and analytical things incredibly well can do for the workforce... Intensive activities, we looked at specific sectors and occupations do n't miss this roundup our. `` Accept '' to help leaders navigate to the challenge of shifting requirements! By doing things the research, insights, building the vital skills for the next normal cycles make! How will your digital Transformation ensure that your people are equipped to meet future skill?. Strategycase.Com ) these skills are assessed in two games like information about this content we will be needed Opens new... To study than the skills that they can take a hybrid approach, using! To fulfil short-term needs while developing the necessary skills internally actually got an actor and a musician, so ’. Shifts, and many others created, almost every operations-intensive organization will to.

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