Tag: World Economic Forum

Future of Jobs: The top 10 skills to be developed by 2025

In October 2020, the World Economic Forum (WEF) released its third edition of the “Future of Jobs” report. It analyzes future trends of labor markets and provides essential information to guide employers and workers for forthcoming opportunities.

By listing the upcoming top 10 crucial skills, the report gives a better understanding of the challenges companies and workers will face within the next five years. It enables training managers, HR directors, and executives to take action by preparing their workforce to face tomorrow’s uncertainty. It helps keep pace with the crucial transformations that companies will encounter in a constantly changing world.

The World Economic Forum warns the job market will experience a major shift by 2025. As the COVID-19 pandemic affected every aspect of our lives, it will not be without consequences for the labor market. The report states that workers will face two considerable disruptions by 2025: job losses due to increased automation and the economic impact of the crisis we are still experiencing. These disruptions in the labor market could displace approximately 85 million jobs. By comparison, the second edition of the report published in 2018 predicted a shift of 75 million jobs by 2025.

In the coming years, millions of workers will face both reskilling and upskilling challenges to meet the upcoming needs of the labor market and their job’s transformation. The least we can say is that employees have understood this! According to the report, between 2019 and 2020, there will be 4 times more individuals seeking to learn online through their initiative. By 2025, the report estimates that 16% of the retraining of employees in companies will rely on online training platforms.

Innovative thinking, complex problem-solving skills, and active learning techniques that engage learners are critical competencies today. As predicted in the 2018 edition of the report, those top 3 skills are still must-haves and will remain by 2025.

Back when the former edition of the “Future of Jobs” report got published, our training catalog already covered over 90% of the must-haves skills identified for 2022. With an average of 3 complete training courses by skills, we now cover 100% of the competencies that will establish the future of jobs! 

What are the 10 key skills of tomorrow’s labor market ?

        1. Analytical thinking and innovation
        2. Active learning and learning strategies
        3. Complex problem-solving
        4. Critical thinking and analysis
        5. Creativity, originality and initiative
        6. Leadership and social influence
        7. Technology use, monitoring and control
        8. Technology design and programming
        9. Resilience, stress tolerance and flexibility
        10. Reasoning, problem-solving and ideation

Data used in the WEF report was collected over a nine-month period, from January to September 2020. It includes 291 unique answers from global companies. The data collectively represents over 7.7 million employees worldwide. For more details about the method, you can read the report available here.

 

At the EPFL Innovation Park, the interview of Jean-Marc Tassetto, co-founder of Coorpacademy

 

Discover the video interview of Jean-Marc Tassetto, co-founder of Coorpacademy, on the advantages of being an EdTech startup at the EPFL (Swiss Federal Institute of Technology) Innovation Park in Lausanne, Switzerland.

Jean-Marc Tassetto, co-founder of Coorpacademy : “Coorpacademy is what we call an EdTech start-up company, which brings together Education and Technology. We have a platform dedicated to Corporate Digital Learning. Coorpacademy’s Unique Selling Proposition is to deliver highly individualized learning experiences online. You and I being very different in the way we learn, we will be delivering through the same platform very specific content and instructional design pending to our upskilling and reskilling needs. 

Being located at the EPFL Innovation Park, for us, really made a difference. First of all, we’ve created Coorpacademy on the campus and decided to do so because we are close and connected to two laboratories led by Professor Pierre Dillenbourg, working on Learning as a Science. All this is related to artificial intelligence applied to education, deep learning and machine learning applied to education. So, for us, it is a key differentiator when it comes to delivering top-notch solutions to large multinational companies like we are doing; it is really great to be backed up by top-notch scientists.” 

We are proud at Coorpacademy to be part of such a thriving environment. Switzerland is a great place for innovation, and the Swiss Federal Institute of Technology is one of Switzerland’s most prestigious schools, at the forefront of learning sciences and innovation applied to learning processes. This was, from the day Coorpacademy was created in 2013, the best possible place for us to thrive.

In 2019, figures show that Switzerland is still topping most global rankings on innovation. According to the World Economic Forum, Switzerland is the 3rd most innovative country in the world, only after Singapore (1st) and Luxembourg (2nd).

The article states: “The Center for Global Innovation Studies at Toyo University recently published a Global Innovation Index, ranking the innovation performance of each country. The index was created by selecting and integrating a total of 58 indexes for comparison from five main fields: international cooperation, market trends, technological innovation, resourcefulness and relevant policies.”

Switzerland is also the 1st country of world when it comes to government funding for university research as share of GDP, with 0,76% of total GDP being allocated to university research. It is quite impressive for the 5th most competitive economy in the world!

Coorpacademy has its roots at the heart of innovation and research in learning sciences, and we are proud to make the most of this thriving environment to deliver top individualized learning experiences to our customers.

The Next Generation Learning Experience

 

On February 5-6th, The Coorpacademy Team attended the HRD Summit in Birmingham, United Kingdom.

This year’s event featured such diverse and thought-provoking speakers as Josh Bersin, Thought Leader and founder of Bersin by Deloitte, Gordon Fuller, Chief Learning Officer at IBM and Jon Addison, Head of Talent Solutions at LinkedIn. And Coorpacademy had the chance to speak about the Next Generation Learning Experience at this prestigious event.

The World Economic Forum told us that over a third of the skills (35%) considered important in the workplace were expected to be entirely different by 2020. Racing towards that date companies have been looking for solutions to re-skill and up-skill their workforce – at speed and at scale.

Travis Adams, Sales Manager at Coorpacademy, gave us some clues during the presentation on how to arm your team to go into this bright future.

“To face the ongoing job revolution due to AI and automation, each and every employee needs to have an additional 101 days of training by 2022 to remain competitive. This simply can’t happen with legacy learning technologies, companies now need to increase the tempo”, he said.

Find out more about Coorpacademy’s upcoming events by following us on LinkedIn and Twitter. If you want to know how Coorpacademy can help you upskill your teams, you can reach out to us here!

World Economic Forum: the top 10 skills you’ll need for the future of work

 

The second issue of the World Economic Forum’s “Future of Jobs” report predicts the loss of 75 million jobs by 2025. But it also predicts the creation of 133 million jobs thanks to the digital revolution. A positive balance of 58 million jobs; pretty optimistic, right?

Yes, at the condition of learning and training on tomorrow’s skills in the meantime. Amongst most sought-after jobs, we’ll obviously find numerous jobs related to new technologies and digital applications such as machine learning, AI, big data: data scientists, developers, growth hackers… Other in-demand profiles will be more “classical”, such as sales representatives, marketing directors or learning officers… But uncertainty still lays in the future. One thing is certain though: the more you’ll work on your soft skills in addition to your hard skills, the more you’ll navigate easily tomorrow’s job market.

The World Economic Forum advises us on the essential skills to develop today and tomorrow, with predictions for 2022! They are essentially soft skills… The good thing is, more than 90% of skills identified by the World Economic Forum are addressed and covered by Coorpacademy’s course catalogue.

Today:

  1. Analytical thinking and innovation
  2. Complex problem-solving
  3. Critical thinking and analysis
  4. Active learning and learning strategies
  5. Creativity, originality and initiative
  6. Attention to detail, trustworthiness
  7. Emotional intelligence
  8. Reasoning, problem-solving and ideation
  9. Leadership and social influence
  10. Coordination and time management

What will change tomorrow?

Active learning, learning capabilities and creativity will make a difference and climb up the ranking of most in-demand skills for 2022; emotional intelligence and leadership abilities will keep being sought-after. Computational thinking and programming become crucial:

  1. Analytical thinking and innovation
  2. Active learning and learning strategies
  3. Creativity, originality and initiative
  4. Technology design and programming
  5. Critical thinking and analysis
  6. Complex problem-solving
  7. Leadership and social influence
  8. Emotional intelligence
  9. Reasoning, problem-solving and ideation
  10. Systems analysis and evaluation.

Find out more about the WEF’s complete report here.

And discover Coorpacademy’s soft skills training catalogue which targets these crucial skills for the future of jobs!

MENOU

Voir l'étude de cas