The Changing World of Work and Technology Impact
Technology is rapidly changing all jobs, with 25% facing high exposure to automation in the next 3 years. This shift requires adapting skills and embracing remote and gig work opportunities. Partnerships between businesses, government, education, and other entities are crucial for navigating the evolving workforce landscape.
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Presentation Transcript
The Changing World of Work NARC June 10, 2019
Technology is Changing All Jobs 25% of US jobs (36 million jobs) will face high exposure to automation in the next 3 years (Brookings Institute) Every job will be impacted by technology Routine, predictable physical and cognitive tasks are the most vulnerable to complete automation How do we ensure equal opportunity?
..At Unprecedented Speed Between June, 2016 and June, 2018 the number of job postings with Artificial Intelligence or Machine Learning increased by 100% (Indeed) In 2018 87% of all data had been created in the last two years ( National Academy of Sciences) 28 states are collecting data to determine the alignment between industry credentials and the job market Burning Glass, 2019
Whats Happening? 7.5 million open jobs 3.6% unemployment (April,2019) 62.8% Labor Market Participation Rate below the 69 year average (67.3 in 1/2000; 58.1 in 12/54) In March, 2019 there were 5.7 million hires; 5.4 million separations (3.4 m quits;1.7 m lay-offs; 300K other) BLS
Open Jobs Warehousing Construction Transportation Utilities
Working to Change Capital Region CoLab Digital Tech Credential 10 Businesses; 13 Universities AWS-19 LA Community Colleges Cloud Computing P-Tech CO (5); Conn (4); IL (5); LA (3); MD (8); NY (41);TX (22)
Changing Work Remote work 30% of all workers by 2020 (Aspen) Gig work 30% of Millenials (1981-1996) 10% of all workers
A New Industry Trello Doist Meet Edgar Remote You
Thriving in the 21stCentury Workforce Partnerships are key: business+government+education+CBOs+associations Labor Market information is critical: collecting relevant regional data and taking the time to do the analytics and validation Course and career guidance matters Academics + technical skills + employability skills Remote and gig work requires different skills and knowledge Life-long learning requires a different education system post-secondary access is not just for 18 year olds anymore This is an exciting time to be in the talent development business
Thank you. JaneOates@WorkingNation.com WorkingNation.com
