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The Changing World of Work

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Presentation on theme: "The Changing World of Work"— Presentation transcript:

1 The Changing World of Work
NARC June 10, 2019

2 Technology is Changing All Jobs…
25% of US jobs (36 million jobs) will face high exposure to automation in the next 3 years (Brookings Institute) Every job will be impacted by technology Routine, predictable physical and cognitive tasks are the most vulnerable to complete automation How do we ensure equal opportunity?

3 ..At Unprecedented Speed
Between June, 2016 and June, 2018 the number of job postings with Artificial Intelligence or ‘Machine Learning” increased by 100% (Indeed) In % of all data had been created in the last two years ( National Academy of Sciences) “28 states are collecting data to determine the alignment between industry credentials and the job market” Burning Glass, 2019

4 What’s Happening? 7.5 million open jobs 3.6% unemployment (April,2019)
62.8% Labor Market Participation Rate –below the 69 year average (67.3 in 1/2000; 58.1 in 12/54) In March, 2019 there were 5.7 million hires; 5.4 million separations (3.4 m quits;1.7 m lay-offs; 300K other) BLS

5 Open Jobs Transportation Warehousing Construction Utilities

6 Working to Change Capital Region CoLab Digital Tech Credential
10 Businesses; 13 Universities AWS-19 LA Community Colleges Cloud Computing P-Tech CO (5); Conn (4); IL (5); LA (3); MD (8); NY (41);TX (22)

7 Changing Work Remote work 30% of all workers by 2020 (Aspen) Gig work
30% of Millenials ( ) 10% of all workers

8 A New Industry Trello Doist Meet Edgar Remote You

9 Thriving in the 21st Century Workforce
Partnerships are key: business+government+education+CBOs+associations Labor Market information is critical: collecting relevant regional data and taking the time to do the analytics and validation Course and career guidance matters Academics + technical skills + employability skills Remote and gig work requires different skills and knowledge Life-long learning requires a different education system—post-secondary access is not just for 18 year olds anymore This is an exciting time to be in the talent development business

10 Thank you. WorkingNation.com


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