O c t o b e r 2 The Future of Jobs


Responses to shifting skill needs



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WEF Future of Jobs 2020

Responses to shifting skill needs
Share of companies surveyed
Look to automate the work
Hire new permanent staff with skills relevant to
new technologies
Hire new temporary staff with skills relevant to
new technologies
Outsource some business functions to external
contractors
Hire freelancers with skills relevant to new
technologies
Other, please specify
Strategic redundancies of staff who lack the skills
to use new technologies
Average reskilling needs
Share of workforce of companies surveyed within this data
Projected use of training providers
Share of companies surveyed
41.5%
Internal learning and development
20.9%
External online training
16.9%
Private training providers
7.4%
Public educational institutions
6.6%
Private educational institutions
6.6%
Public training providers
2 / 2
86%
86%
57%
43%
36%
33%
31%
DURATION OF RESKILLING
Less than 1 month
24.1%
1 to 3 months
15.9%
3 to 6 months
20.6%
6 to 12 months
20.7%
Over 1 year
18.6%
The Future of Jobs
86


Education & skills
worst
best
Digital skills among active population*
WEIGHTED AVERAGE 2019-2020
Business relevance of basic education*
WEIGHTED AVERAGE 2019-2020
Business relevance of tertiary education*
WEIGHTED AVERAGE 2019-2020
Supply of business-relevant skills*
WEIGHTED AVERAGE 2019-2020
Unempl. rate among workers with adv. educ.
2019
Share of youth not in empl., educ. or training
2020
Jobs & work
worst
best
Labour force participation
2019
Vulnerable employment
2020
Working cond. impact of gig economy*
2020
Unemployment rate
2019
Unemployment rate
Q2 2020
Unemployment, monthly
JULY 2020
Unemployment rate change
2019- Q2 2020 YOY CH.
Unemployment rate change, women
2019- Q2 2020 YOY CH.
Unemployment rate change, men
2019- Q2 2020 YOY CH.
* The figures presented for these indicators are rebased 0-100% progress scores, with 0 being the worst performance, and 100 being the best performance.

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