Rapid technological innovation, globalization, demographic shifts, climate change and geopolitical transformations are having an unprecedented impact on the work and skills landscape. On one hand, new technologies bring with them exciting opportunities, both for businesses in terms of their productivity, and for the workforce in terms of replacing unhealthy, dangerous and repetitive tasks with high-skilled work. On the other, as cognitive abilities and tasks that were once thought to be reserved for humans are increasingly being carried out by machines, there is a growing concern about the impact on jobs and the subsequent risks for government, business and people.
There is a window of opportunity now for individuals, business and government to understand and proactively manage the transition to a new future.
The Preparing for the Future of Work Initiative seeks to enable informed, timely and collaborative action that will help workers across the world thrive in the fourth industrial revolution, remaining productive and employable. The initiative seeks to achieve this by:
1. Building communities of action
This initiative brings together industry-specific taskforces, which comprise senior executives of the Forum's partners (CHROs, CSOs, CIOs, etc.), educational and reskilling experts, and representatives from government and trade unions, to identify common challenges and opportunities and align on an action-oriented agenda.
2. Developing guiding insights and recommendations
Through individual consultations and group discussions, but also leveraging relevant data from relevant studies and analyses, the Industry Accelerators identify key intervention points that are critical in terms of preparing the workforce for the jobs and skills need of the future.
3. Curating action for systems change
Following the agenda set out by the relevant data, insights and information, members of the Preparing for the Future of Work Industry Accelerators are collaborating on putting in place targeted upskilling and reskilling programs, creating common standards and certifications around new skills, and developing reskilling and redeployment ecosystems that will ensure all workers can stay employable in the new world of work.