SLIDE 1
Title here
Title here
April 2015
Peter Cheese
Chief Executive, CIPD
The future of work – talent and skills
Bondholder Breakfast Event 29th September 2017 Peter Cheese CEO CIPD
Peter Cheese Title here Title here Chief Executive, CIPD April - - PowerPoint PPT Presentation
Peter Cheese Title here Title here Chief Executive, CIPD April - - PowerPoint PPT Presentation
Peter Cheese Title here Title here Chief Executive, CIPD April 2015 The future of work talent and skills Bondholder Breakfast Event 29th September 2017 Peter Cheese CEO CIPD Forces shaping the future of work Political & Economic
SLIDE 2
SLIDE 3
The Changing Context of Work, Workforce & Workplace
Globalisation Political & Economic Uncertainty Technological change Social & Demographic change
Forces shaping the future of work
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The changing nature of work - #FOBO
Probability Occupation 99% Maths technicians 99% Insurance underwriters 98% Legal secretaries 97% Dental lab technicians 95% Nuclear power reactor
- perators
94% Paralegals and legal assistants 94% Accountants & auditors 93% Tax examiners & collectors, & revenue agents 86% Real estate sales agents 65% Librarians 61% Market research analysts & marketing specialists 58% Personal financial advisors
‘Computerisation could replace up to 47% of jobs in the US’ Top 10 in demand jobs in 2010 didn’t exist in 2004 65% of school children today will end up doing jobs not yet invented 15m jobs to be replaced by robots in the next 20 years (BofE)
Source: Frey and Osborne (2013)
Osborne and Frey, Oxford University 2013
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Job disruption from technology
0% 5% 10% 15% 20% 25% 30%
Share of employers estimating that more than 30% of jobs will be automated in the next 10 years by sector
Sector level UK level
RSA/YouGov Research, to be published
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New opportunities
- ’Gig’ work
- Work distribution
- Better quality work – co-botics
- New jobs
- Shorter hours, flexible working
- New products, new markets
- Access to markets, knowledge
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Ways of working
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What people look for in a job
‘Work frees us from boredom, vice, and need’
Voltaire
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40 MILLION
THE DEFICIT OF HIGH-SKILLED WORKERS IN ADVANCED ECONOMIES
90 MILLION
THE SURPLUS OF LOW-SKILLED WORKERS IN ADVANCED ECONOMIES
SOURCE: McKINSEY & COMPANY
The War for Talent 2.0
SLIDE 10
So what skills will we need in the future?
Work discipline & time mgt Communicati
- n skills
Literacy and numeracy Resilience & learning skills Empathy and collaboration
Technical and job/role skills Core Skills
Employability Skills
Job Skills
Digital skills Financial understanding People management, understanding diversity Critical thinking & situational judgement
‘Hard’ skills --------------------------------- ‘Soft’ skills
Organisational skills Understanding self Intra/Entrepre neurship
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Strategies to address skills shortfalls Rightsourcing Recruitment strategies Skills building Skills retention Job Design
Requires different thinking
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