Two billion youth risk of being left behind in the Fourth Industrial Revolution workforce, says Deloitte
Almost two billion youth worldwide risk of being left behind in the Fourth Industrial Revolution (Industry 4.0) workforce, which is changing at an increasingly rapid pace as a result of the emerging technologies, according to a Deloitte global report, conducted together with Global Business Coalition for Education. 2018-11-29 11:13:53
By 2030, more than half of the 1.8 billion youth worldwide, today aged between 15 and 29, will not have the skills or qualifications needed to participate in the workforce, underlines the report.
The report concludes that the business community must take a more proactive role in preparing today's youth to ensure that they are ready for Industry 4.0, which is characterized by the fusion of physical assets and digital technologies such as robotics, artificial intelligence, Internet of Things, digitalization and automation.
"Business leaders worldwide, including in Romania, are rightly concerned that workforce will not be able to keep up with the pace and magnitude of change, as Industry 4.0 is transforming work. Bridging the skill gap and tapping into the energy and creativity of youth seems a daunting challenge and our study is rich in recommendations as to how to tackle it. This is an ongoing preoccupation at Deloitte, as we invest tens of thousands of hours and over one million euros every year in continuously training our staff and we focus our corporate social responsibilities efforts on the critical topic of education. We encourage leaders across all industries to see the Fourth Industrial Revolution as an opportunity, rather than a threat, and reap its benefits, including by rethinking their approach to attracting, recruiting, onboarding and developing talent," said Alexandru Reff, Country Managing Partner, Deloitte Romania.
The research revealed four skills that will be required to succeed in the Fourth Industrial Revolution, namely workforce readiness, soft skills, technical skills and entrepreneurship, accompanied by an attitude emphasizing on continuous and lifelong learning. It also provides four key recommendations to drive change, namely aligning stakeholders' objectives and approaches, engaging in public policy, developing strong talent strategies and investing in workforce skilling.
The report is based on input from youth aged between 15 and 29 from 45 countries, representatives throughout the business community and NGOs, think tanks and academia.
|
|
| |
|
Daily Info |
Smart city is not a fad, it's a necessity In June 2018, the ranking of the most "smart" cities in the world was published. In other words, the most advanced cities in terms of human capital, social cohesion, the econo... |
Ondrej Safar, CEZ Group: "Romania can become a hub for international smart solutions providers" "We are already in the digital age, so the upward trend of implementing smart solutions is inevitable in all areas," he tells The Diplomat-Bucharest. "Especially in terms of u... |
Telekom Romania, a strong supporter of Smart City development in Romania Just like many other countries in the world Romania is now facing an unprecedented growth of the urban population, which can be both beneficial and detrimental for the society... |
In the industrial era, the fight was for finite material resources. Not anymore Now organizations fight and develop themselves for and around their talent.
In a nutshell, getting ahead in today's business world is all about attracting and inspiring an e... |
Richard Sareczky, Mol Limo: "We look at expansion locations across CEE including Romania" Consumer mobility behaviour is changing, leading to up to one out of ten cars sold in 2030 potentially being a shared vehicle and the subsequent rise of a market for fit-for-p... |
|
|
|
|
|
|
|
|
advertising
advertising
advertising
|
More on News |
President Iohannis urges Romanians to be more united, stay involved in modernizing Romania Romania's President Klaus Iohannis urged Romanians in France to be more united and stay involved as much as they are now in helping modernise Romania. |
Fondul Proprietatea expresses disappointment over Engie listing rejection Fondul Proprietatea is disappointed with the decision taken by the majority shareholder of Engie SA, Romania Gas Holding B.V., to oppose the listing of the company, accordi... |
Europe must become a producer of new technologies, not just a consumer of technologies, says EC Europe must become a producer of new technologies, not just a consumer of technologies, said Gerard de Graaf, Director for the Digital Single Market in Directorate-General ... |
FDI in Romania rises 10 per cent after ten months in 2018 Non-residents' direct investment in Romania (net FDI) totaled 4.56 billion Euro in January-October 2018, around 10 per cent more compared to the same period of 2017, Romani... |
Catrina, MCSI: Romania is ready to roll up its sleeves and work during the presidency of the EU Council Romania is ready to roll up its sleeves and work during the presidency of the Council of the European Union (EU), said Maria Manuela Catrina, State Secretary at the Ministr... |
ArcelorMittal receives binding offer for European assets from Liberty British-owned Liberty announced a conditional agreement to buy four European steel plants, employing more than 12,500 people. |
The Romanian labour market needs a well-thought approach, says FIC The Foreign Investors Council (FIC) has signaled in the past 2-3 years that its members are anticipating increasing strains on the Romanian labour market because starting w... |
|