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The Changing World of Work

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

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The Changing World of Work

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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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