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Future of Work and it’s perceived impact on mid-career professionals

The world of work has been changing radically, more so , in the last two decades. Along with that huge career opportunities and some newer challenges seem to be appearing for the newer work force(Gratton, 2011). The thrill of new career opportunities as well as fear of job-loss looms large for most mid-career professionals in developed countries and emerging economies too. The PwC report (2017) titled “Workforce of the future-The competing forces shaping 2030”, carries a comment from Blair Sheppard, PwC’s Global Leader, Strategy and Leadership Development “it’s not just about acquiring knowledge, but about how to learn. … we should remember that intellectual complacency is not our friend and that learning – not just new things but new ways of thinking – is a life-long endeavor.” The term ‘megatrends’ in recent times is used to include - rapid technological advances, demographic shifts in age, size and distribution of the world’s population, wide-spread urbanisation, economic power-shift between developing and developed countries, and, depleting natural resources resulting in the rise of alternative energy sources and livelihood. Clearly, of significant concern is the rapidly evolving area of automation, machine learning and artificial intelligence holding the threat of replacing jobs and skills. As per the report, skills for the future include problem-solving, leadership, EQ (Emotional Intelligence), empathy, creativity, innovation, imagination, and design skills, which will be prioritized by employers. Individuals are alerted to remain aware and vigilant of the technological innovation trend and what it might mean to them preparing to ‘expect the unexpected’; nurture skills in areas of emerging technologies else identify gaps where human skills are imperative and build those capabilities; and, continuously adapting, balancing personal and professional aspirations, to reach out to the next best thing to do.

Project Team
Gopal P Mahapatra
Sponsor
IIM Bangalore
Select Project Type
Ongoing Projects
Project Status
Ongoing (Initiated in May 2019)
Funded Projects Functional Area
Public Systems

Future of Work and it’s perceived impact on mid-career professionals

Project Team: Gopal P Mahapatra
Sponsor: IIM Bangalore
Project Status: Ongoing (Initiated in May 2019)
Area: Public Systems
Abstract:

The world of work has been changing radically, more so , in the last two decades. Along with that huge career opportunities and some newer challenges seem to be appearing for the newer work force(Gratton, 2011). The thrill of new career opportunities as well as fear of job-loss looms large for most mid-career professionals in developed countries and emerging economies too. The PwC report (2017) titled “Workforce of the future-The competing forces shaping 2030”, carries a comment from Blair Sheppard, PwC’s Global Leader, Strategy and Leadership Development “it’s not just about acquiring knowledge, but about how to learn. … we should remember that intellectual complacency is not our friend and that learning – not just new things but new ways of thinking – is a life-long endeavor.” The term ‘megatrends’ in recent times is used to include - rapid technological advances, demographic shifts in age, size and distribution of the world’s population, wide-spread urbanisation, economic power-shift between developing and developed countries, and, depleting natural resources resulting in the rise of alternative energy sources and livelihood. Clearly, of significant concern is the rapidly evolving area of automation, machine learning and artificial intelligence holding the threat of replacing jobs and skills. As per the report, skills for the future include problem-solving, leadership, EQ (Emotional Intelligence), empathy, creativity, innovation, imagination, and design skills, which will be prioritized by employers. Individuals are alerted to remain aware and vigilant of the technological innovation trend and what it might mean to them preparing to ‘expect the unexpected’; nurture skills in areas of emerging technologies else identify gaps where human skills are imperative and build those capabilities; and, continuously adapting, balancing personal and professional aspirations, to reach out to the next best thing to do.