Companies’ Biggest Concerns About Needed Skills in the Future

Companies' Biggest Concerns About Needed Skills in the Future
Companies' Biggest Concerns About Needed Skills in the Future

Proof Point

Companies in McKinsey Global Institute survey worried about employees not being able to upgrade skills fast or adapt to changing work requirements brought about by artificial intelligence and automation

Companies' Biggest Concerns About Needed Skills in the Future

March 2018 (percentage)

Note: Data from McKinsey Global Institute’s workforce skills executive survey of 3,031 business leaders in Canada, France, Germany, Italy, Spain, United Kingdom and United States last March 2018

Proof Point Findings

  • Outdated Skills – Identified by companies surveyed by McKinsey Global Institute as top concern for reaping benefits of automation in the future, including employees being unable to upgrade skills fast enough (26%), not adaptable to changing work environment (24%) and lacking requisite technical skills (23%)
  • Talent Acquisition and Retention – Some business leaders also expressed concern about being unable to attract and retain talent with needed skills in the future (23%)
  • Key Growth Drivers – Include increasingly shifting work requirements, heightening demand for up-to-date and highly-specialized skills, and rapidly-accelerating artificial intelligence and automation technologies

Accelerator
Artificial Intelligence, Robotics

Market Disruption
Technology Unemployment, Up-to-Date, Specialized Skills

Business Model and Practices

Business Model
and Practices
Smart, Creative People

Sector
Cross-sector

Source

Date Last Updated
January 30, 2019

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