Jobs and the Future of Work

How long will your skills last? Depends on your job

workers skills in demand popular

Some skills will go further than others Image: REUTERS/Shannon Stapleton

Emma Luxton
Senior Writer , Forum Agenda
Share:
Our Impact
What's the World Economic Forum doing to accelerate action on Jobs and the Future of Work?
The Big Picture
Explore and monitor how Future of Work is affecting economies, industries and global issues
A hand holding a looking glass by a lake
Crowdsource Innovation
Get involved with our crowdsourced digital platform to deliver impact at scale
Stay up to date:

Future of Work

  • Some of the most in-demand skills today did not exist as recently as 10 years ago.
  • It's estimated that by the year 2020, “more than a third of the desired core skill set of most occupations will be comprised of skills that are not yet considered crucial to the job today”.

Two-thirds of children entering primary school in 2016 are likely to find themselves working in jobs that do not yet exist.

This new environment of technological, demographic and socio-economic disruption is transforming industries and reducing the shelf life of workers’ skills, according to the World Economic Forum’s Future of Jobs report.

Researchers find that as the employment landscape changes, it becomes more important for businesses and workers alike to keep skills relevant and up to date. Some of the most in-demand skills today did not exist as recently as 10 years ago.

In fact, the pace of change is so fast that it’s easy to fall behind.

Change in demand for popular skills over time

The chart below shows the rise and fall of the job market's most popular skills, with the demand for creativity and the ability to negotiate expected to increase dramatically over the next four years.

 Top 10 skills as per the Future of Jobs Survey, World Economic Forum.
Top 10 skills as per the Future of Jobs Survey, World Economic Forum. Image: World Economic Forum

It's estimated that by the year 2020, “more than a third of the desired core skill set of most occupations will be comprised of skills that are not yet considered crucial to the job today”.

Creativity and critical thinking, for example, will be required by more than a third of all jobs in 2020. Whereas physical strength will only be valued in one in twenty jobs.

Some industries are more at risk of skill instability than others. The Financial Services and Investors sector is likely to see the most disruption, with more than 40% of the skills currently needed to perform well in the industry soon becoming redundant.

This chart shows which job sectors have the highest turnover of skills – or put more simply, which jobs will take the most retraining just to keep up.

Skills stability 2015-2020, Future of Jobs Survey, World Economic Forum.
Skills stability 2015-2020, Future of Jobs Survey, World Economic Forum. Image: World Economic Forum

So, in which areas will you get the most mileage out of your skills? Media, entertainment and information are the best placed, with almost three-quarters of the skills currently required to be good at your job likely to still be relevant in 2020.

The Future of Jobs report highlights that our ability to anticipate future positions and identify the skills we'll need to get them, is critical if we're to survive job disruption over the coming decades.

You can find more blogs in the Skills for Your Future series here

Don't miss any update on this topic

Create a free account and access your personalized content collection with our latest publications and analyses.

Sign up for free

License and Republishing

World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.

The views expressed in this article are those of the author alone and not the World Economic Forum.

Share:
World Economic Forum logo
Global Agenda

The Agenda Weekly

A weekly update of the most important issues driving the global agenda

Subscribe today

You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.

Why investing in the future should mean investing in youth

Laurent Freixe

October 3, 2024

About us

Engage with us

  • Sign in
  • Partner with us
  • Become a member
  • Sign up for our press releases
  • Subscribe to our newsletters
  • Contact us

Quick links

Language editions

Privacy Policy & Terms of Service

Sitemap

© 2024 World Economic Forum