Why you need to be up-skilling your workforce by 2025

Disappearing and emerging jobs amplify the importance of re-skilling and up-skilling.

Workforce automation

Thanks to accelerated technological developments and the Covid-19 pandemic, the workforce is automating at a faster rate than ever anticipated

According to the World Economic Forum’s Future of Jobs report, since 2020 the workforce has been automating faster than anticipated. It’s thought that Covid-19 accelerated this and that this is likely to lead to 85 million jobs being displaced. However, 97 million new jobs are expected to be created in technology fields.

The new skills in demand by 2025

The workforce will need significant re-skilling and up-skilling by 2025

The World Economic Forum have also reported that almost 50% of their workforce will require significant re- and upskilling. By 2025, it’s predicted that analytical thinking, creativity, and flexibility will be among the most desired skills by employers who are looking to hire. However, flexibility will remain just as much as an important requirement when it comes to searching for a new job as hybrid working is here to stay.

Remaining competitive

Businesses that want to remain competitive will prioritise their focus on preparing the workforce by new skills

The need for workforce innovation, large-scale upskilling, reskilling and re-deployment initiatives provide opportunities for both employees and employers. Businesses have the opportunity to drive the necessary transformation, allowing for increased productivity, profitability as well as contributing to improve the national standard of employability skills. Upskilling and reskilling can help to improve the productivity and profitability of businesses, as well as providing an environment that ensures all workers have the required transferrable employability skills allowing them to be confident and productive within the new world of work.

Hybrid working to stay

Hybrid working is here for the long run

Chartered Institute of Management (CMI) suggests Covid-19 has permanently altered working patterns within the UK, with many employees still spending at least some of the working week out of the office. According to the BBC, 84% of managers said their firms have adopted hybrid working, with two-thirds saying this had been prompted by Covid-19.