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World economic forum - Future of jobs


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This newly released global report reveal interesting information for prospective jobs, the 4th industrial revolution readiness, skills needed and what type of jobs for the next 5 years.

 http://www3.weforum.org/docs/Media/WEF_Future_of_Jobs_embargoed.pdf   Page 94 for Australia and Page 114 for South Africa

 

Australia summary

a. Growing employment outlook (prioritised)

Sales and Related ;  Transportation and Logistics;  Computer, Mathematical and Science;   Architecture and Engineering

b. Barriers (Prioritised) 

Resource constraints............................................................................93%

Pressure from shareholders, short-term profitability.............................71%

Workforce strategy not aligned to innovation strategy .........................57%

Insufficient understanding of disruptive changes..................................57%

Insufficient priority by top management............................................... 57%

c. Strategies (prioritised) 

Invest in reskilling current employees; Support mobility and job rotation; Target female talent; Collaborate, other companies across industries; Target minorities’ talent; Collaborate, other companies in industry; Collaborate, educational institutions; Attract foreign talent

 

South Africa summary

a. Growing employment outlook (prioritised)

Sales and Related; Manufacturing and Production; Education and Training   

b. Barriers (prioritised) 

Insufficient understanding of disruptive changes..................................68%

Resource constraints.....................................................................  .....52%

Workforce strategy not aligned to innovation strategy .........................44%

Pressure from shareholders, short-term profitability.............................36%

Insufficient priority by line management .......................................... ....28%

c. Strategies (prioritised)

Invest in reskilling current employees; Target female talent; Support mobility and job rotation; Attract foreign talent; Offer apprenticeships; Collaborate, educational institutions; Target minorities’ talent; Collaborate, other companies across industries

 

Not mentioned above but available in the report are those jobs declining - take note

The percentage of respondents that believe the strategies are suitable - you dont know what you dont know!

 

 

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South Africa is targeting low skill jobs to try and get unemployable people into the workforce. Big mistake, because most of those jobs are going to go to robots pretty soon. 

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@SurferMan - agree - if we look at the employment outlook and the areas targeted by Aus & RSA. As Aus labour is very expensive it was said numerous times that we should rather opt to add innovative skills & design to our export products instead of local manufacturing. That will give Aus a real competitive edge! Interesting times ahead.

 

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Spot on dude, at least the pollies recognise this in Aus. In SA it is more important to buy trains that dont fit on the rails, buy a plane the Pres dont need and build nuclear, which takes 7 - 10 times longer than solar/wind, costs more and is never on budget.....It boggles my mind. Thanks for the great post. 

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