Proof Point

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Hiring new skilled workers, automating work and retraining existing employees named in World Economic Forum (WEF) study as most likely used strategies to address shifting skills need by 2022

Strategies that Companies Are Likely to Use to Address Shifting Skills Need in 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:
  • Team Expansion – 84% of companies surveyed by WEF likely to hire new permanent staff with relevant skills to new technology in 2022, while some are also looking to hire temporary staff (61%)
  • Task Automation – 81% of companies are looking into automating work activities to address needed skills
  • Internal Capability Development – 72% of respondents will focus on retraining already existing employees, while 65% expect current talent to pick up skills on job
  • Outsourcing – Majority of companies also likely to rely on contractors and freelancers to perform some business functions
  • Key Growth Drivers – Include exponential advances and drop in cost of core technologies (e.g. computing power, artificial intelligence, and network connectivity, growing demand for business process automation to increase productivity and efficiency, increasing demand for tech-savvy employees and intensifying competitive environment
Business Model and Practices: Smart, Creative People
Sector: Cross-sector
Function: Cross-Function
Source: 

Date Last Updated: March 8, 2019

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