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Reskilling the Future of Work

HR Digest

In a recent McKinsey Global Survey on the future of workforce needs, nearly nine in ten executives and managers say their organizations either face skills gap already or expect gaps to develop within the next five years. According to McKinsey, AI and automation will displace between 400 million and 800 million individuals by 2030.

McKinsey 134
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The Impact Of Automation On Low-Skilled Workers

The Horizons Tracker

“But with the right policy frameworks in place, including well-targeted support for low-wage workers, it could power a better economy for all.” . “Without proper action, automation could cause further deep distress, ” they say. ” The post-Covid landscape. ” Accelerating trends.

Skills 124
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Are Universities Able To Adapt To The Changing Requirements In The Future Of Work?

The Horizons Tracker

In The Ecosystem Economy , McKinsey’s Venkat Atluri and Miklos Dietz paint a picture of the future of education that will see the ways in which we learn transformed. As the labor market loosens, however, there is a growing call for recruitment to be based more on skills than on credentials.

Education 119
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7 Successful Strategic HR Best Practices to Optimize Performance

HR Digest

The shift toward skills based hiring will accelerate in 2023 as skills emerge as the currency of the labor market. This is not just a benefit in a tight labor market. McKinsey predicts 9 out of 10 organizations will be combining remote and on site working in the coming years.

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Playing the Long Game: The Employee Retention Process in HR

HR Digest

While it can feel like a localized issue, such market changes are just as possible in U.S. Analyze hiring practices by competitors and see what benefits they offer Keep an eye on research reports that are put out by organizations like Deloitte, McKinsey, SHRM, etc.

Process 59
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How Ready Are Companies For The Post-Pandemic World?

The Horizons Tracker

Indeed, McKinsey recently argued that one of the few plus points from the pandemic was it reinforced the importance of building change capabilities within our organizations. There was then a gap to access to finance and a non-supportive policy environment. The existential difficulties posed by Covid were also reflected, with 43.8%

Company 129
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The Movement Of People And Ideas Is Key To Economic Growth

The Horizons Tracker

As a general thesis, it’s one that was supported by research from the Stanford Institute for Economic Policy Research, which found that we’re spending more and more on research and innovation and getting less and less in return for that investment.

Diversity 137