Work Economic Forum (WFD) – The Future of Jobs Report
In the latest edition of the Future of Jobs Report, the World Economic Forum (WEF), once more tapped into the collective knowledge of the frontlines who are in the best position to observe the dynamics of workforces – Executives, especially Chief Human Resources Officers, of some of the world’s largest employers. They were asked to reflect on the latest employment developments, skills and human capital investment trends across industries and geographies.
The Fourth Industrial Revolution is interacting with other socio-economic and demographic factors to create a perfect storm of business model change in all industries, resulting in major disruptions to labour markets. New categories of jobs will emerge, partly or wholly displacing others. The skill sets required in both old and new occupations will change in most industries and transform how and where people work. It may also affect female and male workers differently and transform the dynamics of the industry gender gap.
The Future of Jobs Report aims to unpack and provide specific information on the relative magnitude of these trends by industry and geography, and on the expected time horizon for their impact to be felt on job functions, employment levels and skills.
Loranne Avsar – Senior Executive, HR Office of the Malta Information Technology Agency (MITA) provides a summary of the salient findings impacting and shaping the future of jobs, emerging from the report.
The full report can be accessed here: https://www.weforum.org/reports/the-future-of-jobs-report-2018
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