Proof Point
More than half of employees in companies surveyed by World Economic Forum (WEF) are expected to require reskilling of at least one month from 2018 to 2022
Percentage of Company Employees Needing Reskilling from 2018 to 2022
2018 (percentage)
| Note: | Data from WEF’s 2018 Future of Jobs survey of 313 companies across Argentina, Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Mexico, Philippines, Russian Federation, Singapore, South Africa, Republic of Korea, Switzerland, Thailand, United Kingdom, United States and Vietnam |
Proof Point Findings
- Necessary Talent Training – Employers in WEF study believe more than half of their employees need reskilling or upskilling from 2018 to 2022 to address technological disruption, with close to 20% needing retraining for six months or more
- Skilled Workers – Only 46% of employees are expected by companies to be flexible enough to adapt to rapidly-evolving technologies and workplace, and will not require reskilling from 2018 to 2022
- Strategic Efforts – In addition, WEF found that companies will prioritize skill training on employees performing high value roles
- Key Growth Drivers – Include rapidly accelerating technological advances, growing demand for business process automation to increase productivity and efficiency, increasing demand for tech-savvy employees and intensifying competitive environment
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Market Disruption |
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Business Model and Practices Business Model |
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Sector |
Cross-sector
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Function |
Cross-Function
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Source |
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Date Last Updated |
March 19, 2019
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