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Adapting to the Changing Workforce: Embracing Technology and New Opportunities

Explore the rapid changes in the job market due to technology, with a focus on automation and data growth. Learn how to ensure equal opportunities, navigate the evolving labor market, and thrive in remote and gig work settings. Discover the importance of partnerships, labor market information, and continuous learning for success in the modern workforce. Join us in shaping the future of talent development!

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Adapting to the Changing Workforce: Embracing Technology and New Opportunities

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  1. The Changing World of Work NARC June 10, 2019

  2. Technology is Changing All Jobs… • 25% of US jobs (36 million jobs) will face high exposure to automation in the next 3 years (Brookings Institute) • Every job will be impacted by technology • Routine, predictable physical and cognitive tasks are the most vulnerable to complete automation • How do we ensure equal opportunity?

  3. ..At Unprecedented Speed • Between June, 2016 and June, 2018 the number of job postings with Artificial Intelligence or ‘Machine Learning” increased by 100% (Indeed) • In 2018 87% of all data had been created in the last two years ( National Academy of Sciences) • “28 states are collecting data to determine the alignment between industry credentials and the job market” Burning Glass, 2019

  4. What’s Happening? • 7.5 million open jobs • 3.6% unemployment (April,2019) • 62.8% Labor Market Participation Rate –below the 69 year average (67.3 in 1/2000; 58.1 in 12/54) • In March, 2019 there were 5.7 million hires; 5.4 million separations (3.4 m quits;1.7 m lay-offs; 300K other) • BLS

  5. Open Jobs Transportation Warehousing Construction Utilities

  6. Working to Change Capital Region CoLab Digital Tech Credential 10 Businesses; 13 Universities AWS-19 LA Community Colleges Cloud Computing P-Tech CO (5); Conn (4); IL (5); LA (3); MD (8); NY (41);TX (22)

  7. Changing Work • Remote work 30% of all workers by 2020 (Aspen) • Gig work 30% of Millenials (1981-1996) 10% of all workers

  8. A New Industry • Trello • Doist • Meet Edgar • Remote You

  9. Thriving in the 21st Century Workforce • Partnerships are key: business+government+education+CBOs+associations • Labor Market information is critical: collecting relevant regional data and taking the time to do the analytics and validation • Course and career guidance matters • Academics + technical skills + employability skills • Remote and gig work requires different skills and knowledge • Life-long learning requires a different education system—post-secondary access is not just for 18 year olds anymore • This is an exciting time to be in the talent development business

  10. Thank you. • JaneOates@WorkingNation.com • WorkingNation.com

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