NOVEMBER 2023HR TECH OUTLOOK EUROPE8NEW Larissa Chaikowsky, U.S. Chief Human Resources Officer and Head, Talent Reskilling & Acceleration, BMOByYEAR, YOU,SKILLSLast year saw major changes to the world of work, accelerated by the pandemic. Hybrid work, increased automation and technological advancements transformed the workplace and our lives. Although there has been some recent downsizing by companies in the tech sector, there is still a very competitive market for recruiting diverse and technical and digital talent. In 2023, it is important that employers and workers keep adapting to elevate their competitiveness and attract the best talent. One of the most critical ways for organizations and individuals to do this is by investing in reskilling for the skills needed most in the future. The World Economic Forum predicts 50 percent of all employees will need reskilling, and 40 percent of current workers' core skills will need to change by 2025. And by 2030, the world will be short 80 million tech workers, according to the International Monetary Fund. That is due to the global shift towards a more digital economy. As industries rapidly adopt enhanced technology, the demand for workers with digital skills is skyrocketing. Highest in-demand "new" skills include cloud engineering, data analysis, and digital marketing. These are highly valuable skills today that are not restricted to the technology sector but already crucial in various industries like finance, healthcare, marketing, and education.Digital Transformations Accelerated by the Pandemic are Here to StayIt is not only digital skills that are in demand. With the shift towards remote work, more companies are looking for employees who can collaborate and Larissa ChaikowskyIn My Opinion
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