Preparing tomorrow’s workforce for the Fourth Industrial Revolution

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Preparing tomorrow’s workforce for the Fourth Industrial Revolution

A joint report from Deloitte and the Global Business Coalition for Education highlights opportunities for the business community to address the youth skills gap, and develop the workforce of the future.

The Fourth Industrial Revolution is transforming the type of work people do, and how it is done. While 4IR offers new opportunities, many of today’s 1.8 billion youth worldwide youth stand to be left behind.

To address this issue, Deloitte and the Global Business Coalition for Education have co-authored a new research study, which examines the skills young people will need in the future, and recommends solutions for business to help them succeed.

The report, Preparing tomorrow’s workforce for the Fourth Industrial Revolution. For business: A framework for action calls on the business community to take a more proactive role in preparing today’s youth to ensure they are ready to become the workforce of tomorrow.

The report highlights opportunities for the business community to contribute, focusing on “how to” best practices to reach and support youth globally. It offers four key recommendations for the business community to address these challenges:

  • Align stakeholders’ objectives and approaches: Work with the broader ecosystem to align goals and outcomes for impact.
  • Engage in public policy: Strategically engage in public policy through dialogue, advocacy, collaboration, and influence.
  • Develop promising talent strategies: Analyse current talent strategies–particularly those focused on youth or under-represented populations–and implement best practices to promote inclusivity and innovation, and drive economic return through differentiation.
  • Invest strategically in workforce training approaches: Evaluate, invest, and promote workforce training programs that align with corporate social responsibility goals, talent practices, skill needs, and corporate culture.

What actions should businesses prioritise to help bridge the youth skills gap? Click on the link to the right to download the report and find out more.

WorldClass

Preparing tomorrow’s workforce for the Fourth Industrial Revolution supports Deloitte’s organisation-wide ambition to empower 50 million people to succeed in the rapidly changing global economy by 2030. Through WorldClass, Deloitte is committed to applying its core skills, experience, and global reach to prepare today’s students and workers for tomorrow’s economy. The report will help to accelerate Deloitte’s impact and encourage collaboration around the world.

WorldClass

Published: September 2018