Only five of the countries surveyed can expect positive prospects for the creation of more jobs in comparison to those that will be lost. The countries are the Association of Southeast Asian Nations (ASEAN), Mexico, the UK, the USA and Turkey.
A lack of necessary skills will affect all industries, but it will be most prevalent in the financial sector where 43% of the most important skills needed for the job will change by 2020.
The most important skills in the global labor market in 2020 will include the ability to solve complex problems, critical thinking and creativity, followed by people management, collaboration and emotional intelligence.
The good news is that companies in all the industries surveyed consider retraining their existing employees as the most important strategy in the area of human resources planning. They also support employee rotations and other forms of mobility across the company, offer internships and look for ways to attract women and foreign talents. Recruitment of short-term or virtual workers is, on the other hand, not a priority.
The full report is available online on this page. You can also read details for each surveyed sector and part of the world.
The consequences of the Fourth Industrial Revolution on the Czech labour market were described in this article.
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Article source World Economic Forum - organizer of the Davos meeting of political and business leaders