Looking forward to the 50th Annual Meeting of the World Economic Forum in Davos, Switzerland (to be held 21-24 January 2020, with the theme “Stakeholders for a Cohesive and Sustainable World”), we remember the highlights of the annual meeting in 2019 (the past year’s theme: Future of Work).
It’s smart to hire people smarter than you – Jack Ma, Executive Chairman Alibaba Group Holding.
New collar workers are the future – IBM CEO Ginni Rometty said that as automation continues to swiftly accelerate, the skills gap and job insecurity fears become real. Rometty recommends the development of a new education and career model: new collar, not blue collar or white collar. This means investing in skills development and responding in real time to the changing skills landscape. It also means breaking free from traditional models of recruiting those with 4-year and advanced degrees.
Recruiting women into technical roles will make machines learn more efficiently – “It’s important, as we go forward, that we are designing and building that tech in the right way,” LinkedIn Co-Founder and Vice-President of Product Allen Blue reflecting on the inherent biases that many algorithms have because they were designed and built by white males. Blue argues that technology can positively support flexibility of the workplace. It enables learning via online, video-based, non-real time learning. Certain technology also enables people to balance their lives, by working remotely.
Invest in training the youth and the unemployed. France’s Minister of Labour, Muriel Pénicaud, described her re-skilling program, which includes giving employees 500 Euros a year to choose their own training program.
Survivors of mental health challenges are good for business – John Flint, the CEO of HSBC, notes that survivors are assets. “Those who have recovered often possess a resilience and resourcefulness.” Flint wants to turn the bank into “the healthiest human system”. He described this not as a fuzzy, feel-good effort, but as a question of performance.
Photography© Madalina Dobraca | Featured Artist: Luke Jerram, Earth (Carturesti Carusel, Bucharest, 2019)