The Future of Work and My Routes into the Labour Market Flashcards
What is the future of work?
Robots.
What is happening recently?
Robots take people’s jobs rather than helping them.
What did researches in university of Oxford find?
47% of total U.S. jobs are at risk of automation.
How many of the jobs are automated in Australia?
44%.
How the predictions of work automation occur?
By the tasks in jobs that are automated and replaced.
What can technology do?
Create new software.
Create new jobs for people.
Which factors reshape the work environment?
New equipment.
New technology.
Ne work preferences.
New aspirations.
What can technology not do?
Complex stuff.
Critical thinking.
Think about a problem.
What does technology replace in jobs?
Boring stuff.
Monotonous.
Unsafe.
What did Luddite do?
Destroyed machines.
How can we prepare for automation?
Through education.
Key skills knowledge.
Which industries do we see today and will continue to see in next 10 years?
Healthcare.
Childcare workers.
Disability support.
Age care.
What is the purpose of the new digitally enabled tools?
Enrich our lives.
Improve living standards.
Improve work’s productivity.
What parents must do for their children?
Gibe them skills.
University degree.
Technical training.
What are the general skills we need?
STEM= Science. Technology. Engineering. Mathematics.
What is another set of skills required in the future?
Caring.
Creativity.
What is the difference between machines and humans?
Machines are not as creative.
What are the human skills that will value in the future?
Create art.
Write a symphony.
Create something humanity enjoys.
What do the technical procedures do?
Deliver domestic product.
What does technology give us to delver a product?
Wealth.
Well-being.
Taxation.
Life quality.
What can we do now to prepare for the future?
Plan.
What did covid-19 do in our lives?
Impacted everyone.
Shaken social systems.
Disrupted economies.
Disrupted sectors.
With what does the work automation combine?
Global recession.
What did work automation cause?
Lost of jobs.
How many jobs will automation displace in the next 5 years?
85 million.
How many new jobs will come into view in the next 5 years?
97 million.
How much are the companies expected to displace by 2025 un workplace?
6%.
What will workers need in the futre?
Reskilling.
How many skills will people remaining in jobs need to adapt to changing labour market?
40%.
What is the most valuable asset of any economy/company?
Human capital.
What are people doing today worldwide?
Reskilling.
Upskilling.
What will employers in 2025 to their employees?
Train > 70% –> transition in tomorrow jobs.
What are the jobs of tomorrow?
Devops Engineers. Artificial intelligent specialists. Digital Marketing managers. Talent acquisition specialists. Customer success specialists.
How long will it take for workers to pick up new skills?
2 week - 5 months.
What will government need to do in the future?
Fund education and training systems.
Ensure safety nets for workers.
Where will purposeful leadership and collaboration lead us?
Global crisis –> unique opportunity.
Fair and sustainable job environment.
Which are the 5 trends that shape the future of work?
- Globalization.
- Mobility.
- Millennials & changing demographics.
- New behaviours.
- Technology.
Where do organisations aim?
To talent worldwide.
What does mobility allow us to do?
Stay connected to people and organisations anytime anywhere on any device.
What is work nowadays?
Something we carry with us wherever we are.
What do millennials do?
Work in ways we live in.
What do millennials drive?
Organizational change.
Who is the future employee?
Anyone that changes their behaviour and mindset to adapt to the changing workforce.
What is entering the organizations?
New behaviours.
What are we all nowadays?
More comfortable to share our lives online.
What has changed?
- Way we share things.
- Communication.
- Collaboration.
- Teaching.
- Learning.
- Finding information.
- Accessing technology.
- Creating content.
What are the changes forcing the organisations do?
Rethink.
Reimagine working ways.
What is the impact of technology on us?
Being more engaged.
Porductive.
What will technology be in the future of work?
Enable everything to function.
What will the environment of work with employees be?
Somewhere we want to be.
Which organizations will go from need to want?
The ones that will attract and retain top talent.
What will the organisation not have if it does not think about future work?
Future.
Where is artificial intelligence (AI) rooted?
In day-to-day life.
Where does AI refer to?
Computer systems that perform tasks usually required for humans.
What can the computer systems do that humans usually do?
Solve problems.
Recognise speech.
Learn from data.
Where does AI have power nowadays?
Amazon Alex voice.
Online shopping: Uber.
What can AI improve?
Productivity.
Innovation = καινοτομία.
What does AI allow companies to do?
Automate repetitive tasks. Save time. Save money. Freeing workers' time. Speed up processes. CV scanners. Applicant Tracking Systems. Reduce bias.
-Except from being an opportunity source, what is AI to humanity?
A threat to human jobs.
Based o research how many people will lose their jobs in 2016-2030?
400 million workers.
Which jobs are most at risk of being automated?
Highly predictable.
Structured environment.
Data collection.
Processing.
What will AI create, according to World Economic Forum?
As many jobs as it displaces for workers who can work with the machines.
For who will it be greater demand for jobs?
Data scientists. Evaluators for decisions made by AI algorithms. Machine learning engineers. AI architects. AI researchers.