Careers 3.0 Future Skills Future Work Presented by: Dr. Tracey Wilen-Daugenti

Transcription

1 Careers 3.0 Future Skills Future Work Presented by: Dr. Tracey Wilen-Daugenti Apollo Research Institute VP, Managing Director Stanford University, Visiting Scholar

2 Society Trends Family Women Macro Trends Population Age 2

3 Future Work Skills 2020 Results 7 Drivers of Change Extreme Longevity 13.2 Million workers over age 65 in 2022 Today there are 7.3 Million Old-Old 85+ Age 100 will be the new normal People will work longer Education and skills required Young-Old Old The Elderly Sub-Population Source: U.S. Census Bureau 3

4 Future Work & Skills 2020 Forecasts The VUCA World Definition (VUCA) Volatile, Uncertain, Complex, Ambiguous WEF Global leader s top concerns Economic Environmental Geopolitical Societal Technology 4

5 Future Work & Skills 2020 Forecasts Globally-connected World Flat world Labor Firms born global 60% goods made overseas Global supply chains- Virtual teams Competition: Microwork 5

6 Future Work & Skills 2020 Forecasts Technology World Data doubles annually Sensors Robotics Analytics Gaming 6

7 Work trends Lifelong Employment Skill Disparities Growth Macro Trends Virtual Organizations 7

8 Future Work & Skills 2020 Forecasts Superstructing Definition New forms of value creation. Collaboration, future workplace designs for productivity, Virtual organizations. 8

9 Future Work & Skills 2020 Forecasts Ten Work Skills for the Future 9

10 Future Work & Skills 2020 Results Sense-Making Definition: As automation increases, we need the uniquely human capacity for critical thinking and determining the deeper meaning in data. Give meaning to data Higher level thinking skills Interpretation overlay Healthcare Manufacturing 10

11 Autonomous cars Sensors + GPS+ Artificial Intelligence SF taxi system permits Nevada legal May 2012 Toyota Prius ships Improved safety 2. Handicapped driver option 3. Time saver Computer programming 11

12 Future Work & Skills 2020 Results New Media Ecology Requires new Media Literacy Skill: New literacy beyond text Expression through Multimedia Changes communication Changes Art, Media, Fashion industries Requires new skills 12

13 Work Skills 2020 Forecasts Deep Diversity Demographic Shifts Women s Leaders Multicultural Aging workforce 13

14 Future Work Skills 2020 Results Cross Cultural Competency Definition Ability to operate in different cultural settings. Global adaptability Cross cultural fluency Adapt to differences Protocols Language 14

15 Future Work Skills 2020 Results 10 Work Skills for the Future Virtual Collaboration Definition Ability to work productively, drive engagement and demonstrate presence as a member of a virtual team Lead virtual teams Influence over distance Create cohesiveness Collaborate with technology 15

16 Anybot TelePresence + Robotics 16

17 Future Work Skills 2020 Results 10 Work Skills for the Future Novel and Adaptive Thinking Definition Proficiency at thinking and coming up with solutions and responses beyond that which is rote or rule-based Creative thinking Compete with Machines 17

18 Watson 18

19 Future Work & Skills 2020 Forecasts Smart Machines and Automation Intelligent Systems and Robotics 19

20 Robot Barber 20

21 Education and Skills Lifelong Learning Working Learners Technology and Learning Macro Trends Student Centric 21

22 Job Growth is for College Graduates Percentage of Workforce by Educational Level 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 7% 10% 11% 10% 9% 12% 40% 32% million 19% 21% 23% 8% 19% 10% 12% 17% 17% 34% 30% 28% 10% 11% 10% million million million Master's Degree or Better Bachelor's Degree Associate's Degree Some College, No Degree High School Graduates High School Dropouts Number of People Carnevale, A. P., Smith, N., Strohl, J. (2010, June). Help wanted. Projections of jobs and education requirements through Georgetown University Center on Education and the Workforce. 22

23 Education brings better job prospects U.S., 2011 Unemployment rate in 2011 (in %) Median weekly earnings in 2011 (in $) Doctoral degree Professional degree Master's degree 1,263 1,551 1, Bachelor's degree 1, Associate degree Some college, no degree High school diploma Average: 7.6% Less than high school diploma 451 Average: $797 Source: Bureau of Labor Statistics, Current Population Survey & Milken Institute. 23

24 Education and Economic Impact On average, adding 1 year of schooling for all workers in a U.S. metropolitan area is estimated to increase the local GDP by 10.5% and each worker s real wage by 8.36 % Currently workers in Complete on average this many years of schooling Atlanta Boston Chicago Cleveland Dallas Los Angeles New York Philadelphia San Francisco Washington DC But if these same workers increased one year of schooling The metro-area GDP would increase by And real wage per worker would increase by 6.8% 5.4% 0.4% 0.3% 6.2% 4.9% 7.9% 6.3% 12.4% 9.7% 14.4% 11.3% 5.7% 4.6% 5.4% 4.3% 4.1% 3.2%

25 Jobs by Education Level and Industry Healthcare Professional and Technical STEM 5% 7% High school or less 9% High school or less 30% Some college, no degree 27% 10% Some college, no degree 25% Associate's degree 12% Associate's degree Bachelor's degree Bachelor's degree 33% Master's degree or higher 42% Master's degree or higher Education Managerial and Professional Office 40% 7% 8% 38% 7% High school or less Some college, no degree Associate's degree Bachelor's degree Master's degree or higher 21% 43% 13% 13% 10% High school or less Some college, no degree Associate's degree Bachelor's degree Master's degree or higher 25

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27 The Future of you and your career Technology Work Personal Foresight Education Skills 27

28 Time Spent on Career Planning Hours Spent in a Year Sleeping Leisure Eating and Caring for Household Education Planning a and sports drinking others activities wedding House hunting Planning a vacation Car purchase Career planning Sources: heri.ucla.edu/pdfs/pubs/reports/css2008_finalreport.pdf 28

29 Why should people pay attention to career planning? Nearly 1/3 of Your Life Will Be Spent Working Everything else 33% Sleeping 35% Working 32% Source: 29

30 What has changed? Career Yesterday Career Today Life = years old Life= Work= years Lifelong career Economic cycles less frequent Classical World Global = exporting Education = 1 X Work = years New job every 4 years Economic cycles more frequent every 7-10 years Technology World Global= talent competition Education = Ongoing 30

31 Future Work Skills 2020 Results Transdisciplinarity Definition Literacy in and ability to understand concepts across multiple disciplines Depth Breadth High level of skills Specialized Generalist 31

32 You Inc. Business plan Every stage of life Finance plan Health plan Work plan Education plan Family plan Retirement plan 32

33 Future Skills 2020 Future Work Social Technology + Society + Music 33

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