The ability to make sound judgement calls and the knack for strong decision-making skills is forecast to move up the list to nab the seventh spot by 2020. [Photo: Oli Kellett/Getty Images] Industries earmarked to revolutionise the future and generate billions if not trillions for the global economy include genomics, artificial intelligence and virtual reality.Â. Without making a connection between life and math, children can become confused about the information provided in a classroom. By contrast, employment should continue to fall in manufacturing and the primary sector (especially mining, textile and clothing or metal products, although some other activities, like motor vehicle production, may see employment grow). December 2, 2020. So how do we flex our cognitive muscles? Social skills dominate the list again at number 5, and point to the emerging trend of companies putting more emphasis on strong interpersonal skills, and employees who play well with others. It is therefore clear that the future EU labour market will be one that relies heavily on individuals in possession of high qualifications and skills. By contrast, tasks that comprise mostly of interactive or social services as well as problem-solving and innovative thinking are less vulnerable. And indeed, it is hard to predict the skills of the future since we are at the cusp of the 4th Industrial Revolution, so the skills that economies will need are changing rapidly in many industries and workplaces. The COVID-19 pandemic-induced lockdowns and related global recession of 2020 have created a highly uncertain outlook for the labor market and accelerated the arrival of the future of work. Many futurologists claim to know the answer, yet an honest response to this question should be ‘can anyone really know with certainty?’. Figure 1: Degree of (recent and anticipated) change in skill profiles across jobs, 2014, EU28. If you’re able to connect the dots with seemingly disparate information, and throw all the ideas together to present something ‘new’, then you are a creative person. Career FAQs markets a range of courses from leading Australian tertiary education providers, and receives a commission from them for each prospective student. In a nutshell, it’s about having the mental elasticity to solve problems we’ve never seen before, and being able to solve them in a landscape that’s changing at breakneck speed and getting more complex by the minute! As the report details, ‘More than one third (36%) of all jobs across all industries are expected by our respondents to require complex problem-solving as one of their core skills.’. Online ahead of print. This is, after all, why data analysts are frequently predicted to be a ‘hot’ occupation that will be in high demand in forthcoming decades (now you wish you had not made fun of the geeky statisticians at school or college, right?). I wanted to make the reading challenge more relevant, since it is such a big time commitment. Receive a monthly email summary of recently published Skills Panorama blog articles. Solely on the basis of anticipated structural employment shifts underlying EU job markets, future economies will increasingly require individuals in possession of strong cognitive abilities and attitudes (e.g. Topping the list as the most desired skill to have by 2020 is complex problem-solving ability — defined by the report as the capacity ‘to solve novel, ill-defined problems in complex, real-world settings.’. So how do you acquire this holy grail of all skills? So strap yourself into the Delorean and rev up that flux capacitor. Source: Cedefop European skills and jobs survey (available here). Any data or information pertaining to the UK will be gradually phased out from Cedefop’s website, publications and online tools, as ongoing research projects with the United Kingdom’s participation are concluded. [5]. On current trends the proportion of 30-34 year olds with high-level qualifications will remain stable at … For instance, if you're applying for a job where you need legal knowledge and the ability to communicate with clients successfully, you can include similar experience in job descriptions. At the same time demographic, socioeconomic forces and other drivers are shaping the available skill supply and demand in our economies. Industry 4.0 will be marked by lightning-speed advancements and mind-boggling change as it brings together advances in digital, physical and biological technologies. -Learning & Innovation Skills -Information, Media & Technology Skills Often, employers pay special attention to the skills section of your resume to determine if you should move on to the next step of the hiring process. 2021-2025 Outlook The table below outlines the headline impact that each scenario Strict and widespread lockdown would have on construction output and workforce. But what the above analysis does not capture is changes in future skill demand taking place within occupational groups. A recent World Economic Forum report on the Future of jobs [1], for instance, cites one popular estimate, namely that 65% of children entering primary school today will ultimately end up working in jobs that do not yet exist as of today. But this is not the end of the story. This website, as well as the publications and online tools accessible via this website, may contain UK data and analysis based on research conducted before the United Kingdom’s exit from the European Union on 31 January 2020. Overall, social skills— such as persuasion, emotional intelligence and teaching others—will be in higher demand across industries than Thankfully this is not a skill that anyone is born with. Dublin, Dec. 30, 2020 (GLOBE NEWSWIRE) -- The "Linear Motion System Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering. This page will be updated soon to include the tuition and fees deduction that has been extended to cover qualified education expenses paid in 2018, 2019 and 2020. × Select any of the following social sharing services to share the page with. In saying that, there are ways to unleash the creative within you by exercising curiosity and self-expression on a regular basis. NB: Ranking of occupations based on an index of skills stability, derived as the share of EU adult employees who experienced changes to the technologies (machinery, ICT systems) they used in the past 5 years and expect that their skills have a high likelihood of becoming outdated in the next 5 years. The extent to which technological revolutions will continue replacing specific jobs (including white-collar jobs) or creating new complementary opportunities in the future will therefore depend on the nature of the tasks required to perform them. [5] CIPD, (2015), Over-qualification and skills mismatch in the graduate labour market, Policy report. The article, “10 skills you need to thrive tomorrow – and the universities that will help you get them” is very timely because I am revamping the Read the World Extreme Reading Challenge. The issue of what are the jobs and skills that will be needed in the future economy is a million-dollar question. 7 Skills Managers Will Need In 2025 As you plan your management career years from now, here are the skills you’ll need to succeed. While some of these skills, such as empathy, are innate, others, such as advanced communication, can be honed and taught. Furthermore, in the recent past employment growth has also been positive for some low- or middle-skilled occupations (such as cleaners and helpers, assemblers, sales workers) and has declined for many middle-skill jobs (e.g. A majority of job growth is expected to be concentrated in business services (in particular the ICT sector, real estate and professional and scientific services), as well as in some non-marketed services (e.g. Robust technical skills are also at the core of the arsenal of futureproof skills that individuals must possess, as nearly half of all EU jobs will have a stable need for such skills in the coming years. Learners use skills, resources, & tools to inquire, think critically and gain knowledge. Critical thinking involves being able to use logic and reasoning to interrogate an issue or problem, consider various solutions to the problem, and weigh up the pros and cons of each approach. Once you have these two things, you’ll want to make Excel your best friend, learn how to manipulate the data and mine it for all it’s worth! Emotional intelligence literally informs every interaction we have. Average ICT intensity of jobs in South Africa increased by 26% over the last decade, while 6.7% of all … She values creativity above all else and admires people who pursue their career dreams, no matter the sacrifice. Technological progress (robotics, artificial intelligence, 3D printing, genetics and biotechnology) and changing consumer tastes are driving product innovation, rendering some skills obsolete and increasing the market value of others. The Linear Motion System Market is expected to grow at a CAGR of 5.3% over the forecast period of 2020 to 2025. If you’ve got the soul of a creative, but your eyes glaze over when you hear words like ‘financial markets’ or ‘the economy’, make it your mission to read The Economist or The American Economic Review. Copyright © CEDEFOP 2020 https://www.cedefop.europa.eu/ All rights reserved. The baseline scenario presents the ‘most likely to happen’ future for skills supply and demand in Europe up to 2025. [1] World Economic Forum, (2016), The Future of Jobs Employment, Skills and Workforce Strategy for the Fourth Industrial Revolution, Geneva, [2] Cedefop, (2016), Skills, qualifications and jobs in the EU: the making of a perfect match? But being human also means that we get sick, we get demotivated, and we get distracted. On average, by 2020, more than a third of the desired core skill sets of most occupations will be comprised of skills that are not yet considered crucial to the job today, according to our respondents. While early childhood education should introduce the concepts before the skills, teachers can begin the basics of adding and subtracting before children move into elementary school. Although many data sources and anecdotal evidence would lead us to expect that in the future there will be skills upgrading in most occupations, the jury is still out. The strategy was developed in the context of significant reform in the education and training sector to ensure a more dynamic, responsive and high quality system that provides all learners with the knowledge and skills they need to participate fully in society and the economy. Data analysts earn an annual salary between $83,750 and $142,500 per year, according to the Robert Half Technology (RHT) 2020 Salary Guide. ‘Such non-routine interaction is at the heart of the human advantage over machines.’. By learning new things and in particular, learning new ways of thinking. According to an article from the World Economic Forum, 35% of the skills that are crucial in today’s workforce will have changed by the year 2020. But which are the skills associated with jobs that have a low automation risk (and thus favourable employment prospects) and which are linked to jobs susceptible to labour substitution by technological advancements? The earning potential for these roles is also promising. Why? Because we’re far better at social interaction and negotiations than robots are (for the time being, anyway). According to the new 2020 Future of Jobs report by the World Economic Forum, there will be an increasing demand for skills related to Innovation and Creativity between now and 2025.. Of the Top 5 skills listed there as having a growing importance and demand for the future, creativity and innovation are related to four out of the top 5. Human beings are more creative, better at reading each other, and able to piggyback off each other’s ideas and energy. Analytical skills are in demand in many industries and are listed as a requirement in many job descriptions. BOSTON, Dec. 15, 2020 /PRNewswire/ -- Reducing the mismatch between the skills a workforce possesses and the tasks that it needs to perform is critical to increasing overall productivity. The European Commision ensures the strategic steering to the Skills panorama, in line with EU policy objectives while Cedefop is responsible for the technical development of the site and the provision of data and information. ‘Human interaction in the workplace involves team production, with workers playing off of each other’s strengths and adapting flexibly to changing circumstances,’ the WEF report explains. Try these strategies to become a more critical thinker. The ability to make sound judgement calls and the knack for strong decision-making skills is forecast to move up the list to nab the seventh spot by 2020. To determine the most sought-after IT skills of the year, we analyzed the most popular Global Knowledge training courses, as well as the following data gathered from over 9,000 IT professionals from the upcoming 2020 IT Skills and Salary Report:. By comparison, the aforementioned 33 percent growth rate for statistician jobs in the U.S. translates to 13,500 additional openings by 2026. business and financial operations) as well as occupations closely linked to science (e.g. First, figure out what questions or problems you want to answer, then set aside time to explore new data tools and technologies that can help you collect this information. Perhaps the best forecast of all therefore seems to be that you should stop wondering what are the skills of the future and start asking yourself ‘what skills should I acquire so that I decrease the chances of a robot becoming the boss of me?’. ), making it a habit to sit down and create a body of work when you’re sleepy (because when your brain’s unfocused, it’s less inhibited), and using limitations as a starting point for creativity! different by 2020. • Often this skills instability stems from the fact that many jobs in the region are becoming more intense in their use of digital technologies. Cognitive flexibility is all about being a mental gymnast. education, health and social services). In her spare time, she binges on HBO shows and epic fantasy novels. This isn’t surprising considering the sheer volume of data that organisations can now amass, and the growing need for employees who can sift through the numbers, find actionable insights, and use big data to inform business strategy and decisions. clerks, agriculture or metal workers) – fostering the so-called ‘polarisation’ of the EU labour market. By contrast, the job types projected to experience limited labour substitution (hence strong employment growth) are those characterised by high levels of cognitive skills, (advanced) digital skills, communication skills as well as planning skills. As Doc Emmett Brown put it in Back to the Future, ‘Where we’re going, we don’t need roads!’. These in-demand skills are must-haves for IT departments. Creativity is predicted to become a key skill in the future, so before you dismiss yourself as a ‘non-creative’ person, remember that creativity is not the exclusive domain of artsy types like musicians and writers. 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