A significant volume of research on the theme of the #FutureofWork has emerged since the World Economic Forum published its initial report on the subject — The Future of Jobs: Employment, Skills and Workforce Strategy for the Fourth Industrial Revolution — at the Forum’s Annual Meeting in January 2016.
What the future of work might hold is a concern that resonates broadly and that has fuelled extensive discussion among policy-makers, business leaders and individual workers.
Over the past few years, academics, think tanks, strategy consultants and policy-makers have debated what the future of work might look like, how it can be productively shaped for the benefit of economies and societies, and the implications of changes to work for individuals, for their livelihoods, and for the youngest generations studying to enter the future workforce.
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 2018 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.