Are South West businesses ready for the workforce of the future?

Employment & Skills | South West | Sponsored

85% of the jobs in 2030 will be invented between now and then.

King Recruit is an independently minded recruitment and search agency, covering Exeter and the whole of the South West. We partner with professionals and companies alike to deliver exceptional results in entry level management appointments through to executive level.

Technology is changing every aspect of our lives, and our careers are no exception. Estimates predict that 85% of the jobs in 2030 will be invented between now and then and that 65% of the jobs that our children will do in the future don’t exist today.

Keen to find out what our clients think, we conducted The Future Talent Today survey, asking business leaders in the South West to share their ideas and options with us and to consider if their workforce is prepared for the so-called ‘Fourth Industrial Revolution’?

The results uncover the concerns about future skills shortages and the dissolution of current workplace roles. The key findings are as follows:

Skills shortages:

  • 68% of businesses reported skills shortages among their workforce (26% reported a skills shortage in managers and team leaders).
  • 42% reported a skills shortage in non-managerial specialists.
  • 58% said their workforce is not currently equipped with sufficient technical and/or digital skills.

Roles at risk:

The main roles at risk in the future, are support and admin positions which respondents saw as positions which can easily be replaced by technology/ automation.

Skills of the future:

Communication was identified as the top soft skill for the future, with 58% ranking it in their top three, closely followed by leadership (37%) and personal productivity (32%).

Businesses noted that an increase in technology could lead to more technically skilled roles emerging such as developers and programmers.

The results from the Future Talent Today survey provide a fascinating insight into the skills required in the workplace now and for the future.

King Recruit advice:

It is surprising to see that nearly 70% of businesses report that they have skill shortages in vital areas of the business and that 58% say that their employees aren’t fully equipped for the workplace of the future.

Upskill your workforce: Research shows that 84% of employers will be upskilling their workforce in 2020*. Upskilling your employees can help identify how technology can be used to deliver better value and service to your customers.

Expand your Search:

We also encourage businesses to consider looking further afield, outside of the immediate talent pool, for the specific set of skills they require.

Investing in Tech & Digital Skills:

The survey revealed only 32% of businesses have a plan in place to incorporate rapidly-emerging technical and digital skills. Now is the time to start thinking about how your business will change in the next five or ten years, taking an innovative approach and investing in the development of roles and the appointment of future talent will undoubtedly help to narrow the gap between the workplace of today and the future.

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