A huge shake-up in the world of work will see four generations of people in the workforce by 2030. That’s just one of the ‘predictions’ of a major new study on ‘The Future of Work’ by the UK Commission for Employment and Skills (UKCES).
What else is in store for us all? Here’s a quick list of some of the key points:
Digitalisation Almost every job will become technology-related. To participate successfully in the labour market, people will need to keep up by constantly updating their skills.
Collaboration Work in the future will be more interconnected. Employees will increasingly collaborate virtually, working across different disciplines, in jobs that stretch across borders.
Increased individual responsibility As businesses tend towards leaner management, employees are expected to shoulder more and more responsibility for their own skills development. Vital survival qualities will include: good self-management, project management expertise, personal resilience, the ability to embrace change, and the motivation to constantly gain new skills.
Inequality The trend is towards a more unequal labour market. A minority of highly-skilled people will have even greater power, able to bargain for a better balance of work and family life. The low-skilled will suffer most when it comes to cost-cuts. Meanwhile the middle ground will be squeezed, with jobs fast disappearing due to changes driven by technology and globalisation.
The four-generational (4G) workplace Get ready for a multi-generational workplace, with four generations working side-by-side, as people live healthier lives for longer and pensions become less secure.
Changing values ‘Generation Y’ (those born between 1980 and 2000) will make up 60% of the working population by 2030. Employers will need to meet their expectations for working flexibly, and for corporate social responsibility. A more fluid labour market will also erode traditional notions of seniority at work.
Read the full report here: The Future of Work: Jobs and Skills in 2030