THE FUTURE OF SKILLS & JOBS - Ashwin Swaminathan CEO for One Month Finalist ADECCO

WHY FUTURE OF SKILLS & JOBS? Open ended topic – brings my perspective

Coherently connects relevant issues and other topics

Visionary goal aligned with Adecco values

Responsibility of Adecco as bellwether of Industry

80% people hate their jobs *

EVOLUTION & AUTOMATION – I (TECHNOLOGICAL FACTORS)

Hunting, farming to tools

Everyone needing to make food, to no one!

All manual labor – mechanized (Industrial Age)

Intelligent, self-teaching robots make white-collar jobs obsolete (Decision making)

Technology evolves faster than biology (Automation, Data Science, Machine Learning and Social Networks, Artificial Intelligence, IOT, Nanotech, Genetic and Biotech)

EVOLUTION & AUTOMATION - II

EVOLUTION & AUTOMATION – III

EVOLUTION & AUTOMATION – IV

EVOLUTION & AUTOMATION - V 45% of all workforce could lose Jobs!

Skilled humans unemployed for no fault of theirs?

Trend-setters change the system and drive trends

Look to anticipate, drive change, evolve workforce, facilitate passion at work and make life better

EVOLUTION (SOCIOLOGICAL FACTORS) - I

Demographic- Ageing Population

Growing diversity

Changing work environments shaped by ICT

Growing desire for greater work-life balance

Shift to Asia, growing economic power of countries in East

EVOLUTION (SOCIOLOGICAL FACTORS) - II

Interdisciplinary skills

Women’s empowerment economic power *

Rapid urbanization

HOW TRENDS ARE MOVING 35% of core skills will change from 2015 to

2020

HUMAN ELEMENT – SKILLS FOR FUTURE

Leadership and Entrepreneurship

Team spirit

Empathy

Morals, ethics, values, responsibility

Communication

Passion

Importance of HR booms

HOW DO WE MAKE WORKFORCE READY?

Education system built for Industrial Age

Talent survey – 35% of 38,000 employers in US are dissatisfied

Coming East, every year 5 lakh out of 30 lakh graduating students are employed!

HOW DO WE MAKE WORKFORCE READY?

Change starts from elementary education system system, upbringing, culture, attitude, beliefs and values

Focus shift from IQ to EQ and SQ

Create global citizens

Make static part solid – Pareto Analysis, with extensive R&D on the dynamic part to drive evolution

CHANGES BEING DRIVEN Educational Institutions – Harvard’sTalerang

Corporates drive change – sustainability initiatives

Adecco – CEO for One Month; Way to Work

Creates all-round, well developed early stage professionals – bridges gap of work readiness

UNDERSTANDING TO EFFECT CHANGES - ADECCO

Volatile global environment

Effective regulatory framework

Technology & Automation

Demography

Sociology and Diversity

BIBLIOGRAPHY

THANK YOU!Your questions are my scope for introspection. Please feel free to ask