Future of Work and New World New Skills
Our jobs and roles continue to evolve rapidly as new ones emerge. One of the most common challenges organizations face today is the huge disparity between the skills available and the skills needed for jobs in the digital world.
The current work environment brings flexibility, new skills and new ways of working. As technology continues to shape how and where we work, reskilling (skills redevelopment) and upskilling (new skill development) has become a necessity rather than a differentiator in the industry.
As demographic changes, changing customer needs and digital transformation have a huge impact on organizations, immediate action is needed to taken in order to manage their impact on the business world of the future.
What do employees think about the impact of technology on work life?
PwC's Hopes & Fears 2021 Survey found that six in 10 people are concerned that automation is putting many jobs at risk.
The study, which included more than 32,500 employees in 19 countries, found that employees want more digital skills, more inclusive workplaces and more flexibility. Most respondents (77%) are ready to learn new skills or completely retrain, and 40% of employees have improved their digital skills during the pandemic.
After a year which has a considerable impact on business world and in which 114 million job losses, half of employees still feel excited or confident about the future.
We have gathered the frequently asked questions from our customers under 3 main headings…
| Focused Industry Analysis |
|---|
| ● Who are the leading companies of the sector? |
| ● What are the trends that will shape the workforce in the future? |
| ● Is my company competitive in the market? |
| ● Which companies do I compete with in terms of talent? |
| Understanding the Future Workforce |
|---|
| ● How will future technologies change what we do? |
| ● How the possible business models of the future will look like? |
| ● Which skills will come to the play in the future? |
| ● Which roles will come to the play in the future in the sector in which I compete, and which roles will remain in the background? |
| Future Jobs |
|---|
| ● What skills are the industry's leading companies looking for? |
| ● What are the examples of best practices in defining job descriptions? |
| ● How will the workforce need of the future change in the short, medium and long term? |
| ● How will new technologies can change workforce needs? | ● How will the difference between technical and non-technical skills to be shaped? |
What is upskilling and where can you start this journey?
According to PwC's perspective upskilling means; moving our business, our customers and our society forward, providing the knowledge, skills and tools that people need to adapt to the digital future.
Employees are willing to acquire new skills and retrain when they need it, so organizations need to make sure everyone has access to career development or training opportunities.
Upskilling represents much more than just access to education and digital skills. It is designed to identify those who will be most valuable in the future for emerging and transforming roles, their knowledge, skills and experience, and to develop an effective way for them to act and adapt today.
What do we do at PwC and how can we help you?
The New World New Skills global initiative consists of a product and service scope designed to help empower organizations and accelerate skills development journeys. At PwC, we work with other organizations around the world, enhancing the skills of our 284,000 employees.
At PwC, we have experienced this journey and are excited to share what we have learned; With our consultancy service, we can support you by focusing on the following areas:
Identifying skill gaps and mismatches,
Developing a skills strategy for the future,
Creating cultural infrastructure,
To ensure the development and implementation of upskilling programs,
Evaluate return on investment.
A comprehensive and forward-looking approach is needed to address the challenges of talent needs in the industry.
As PwC, we help organizations define and implement reskilling and upskilling strategies in line with our Future Work Life and New World New Skills initiative.
With our collaborations with technology providers, we carry out strategic workforce planning by utilizing from many different data sources, comparing potential roles that have occurred or may occur in the sector with current roles, and making development analyzes in terms of staff and competence. Our workforce transformation approach consists of three key phases:
- Examining the changing dynamics of the sector, identifying emerging and changing skill / job profiles,
- Determining the current skill set, supply demand balance and skill gaps, analysis of scenario results
- Developing an action plan in line with the strategies determined to meet the workforce / skill needs
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