people you work for.
The American Society for Training and Development (ASTD) estimates that by 2015, 60 percent of new jobs will require skills that only 20 percent of the population currently has. So how do you know which skills youâll need in the future? Hard to say exactly, but there are some current trends that will give you some basic direction:
THE SKILLS GAP. Â Â Â Despite some of the highest unemployment rates in fifty years, there are currently three million job openings in this country. 1 In fact, a recent survey by the ManpowerGroup found that 52 percent of U.S. companies have trouble filling jobs. The most difficult jobs to fill? College-level positions in engineering, accounting and finance, and IT. According to Manpower, the biggest problem is that too many applicants lack the hard skills they need to do the job. Clearly we need more college grads in this country, but the Georgetown Center on Education and the Workforce projects that demand for college-educated workers will outpace supply in the U.S. by over 300,000 per year. So whoâs going to fill those jobs? Workers in India, Pakistan, Eastern Europe, and Asia, where engineers are valued as much as doctors and where young people are flocking to acquire the skills needed to work in the new economy. To give you a sense of how important engineers are these days, in September 2009, when unemployment was nearly 10 percentâits highest level in decadesâthe rate for engineers was 6.4 percent. 2 And as I write this, the nationwide unemployment rate is over 7 percentâbut for engineers, itâs under 2 percent. 3
GLOBALIZATION. Â Â Â Remember the 300,000-jobs-per-year gap I mentioned just a second agoâall those jobs that are going overseas. The news only gets worse. According to Knight Frank Research, and Citi Private Bankâs Wealth Report, by 2050, India will bump China out of the number one spot on the list of the worldâs biggest economies. By then, the U.S. will have been out of first place for thirty years.
AUTOMATION. Â Â Â All around the world and in every industry, machines are doing jobs that used to be done by people. Just think of the self-checkout lines at stores where you scan your own items, run your own credit card, and bag your stuff. That used to be someoneâs job, and this gets us to one of the main points of this chapter: Itâs not enough to simply adapt to change. You need to find a way to become invaluable, a way to ensure that youâre doing things that canât be automated. That means keeping up with trends and everything else that could affect the job youâre in and the one youâd like to be in. It means making yourself an expert today but always learning new skills that will make you an expert tomorrow. In some cases, you might have to change jobsâitâs hard to predict which of todayâs seemingly essential skills will be completely unnecessary tomorrow.
AVERAGE IS OVER. Â Â Â Hereâs a great quote from New York Times columnist Thomas Friedman: âIn the past, workers with average skills, doing an average job, could earn an average lifestyle. But, today, average is officially over. Being average just wonât earn you what it used to. It canât when so many more employers have so much more access to so much more above average cheap foreign labor, cheap robotics, cheap software, cheap automation and cheap genius.â Being average wonât get you noticed. It doesnât matter what field youâre in. As I said above, you need to find a way to make a unique contribution, add value, and stand out. Thatâs the only way to survive.
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T he days of working at a company for twenty years with no worries about job security and retiring with a nice pension are long gone. And so is loyalty to oneâs employer. Today, the trend is toward collaborative environments and hiring people who can work
Xara X. Piper;Xanakas Vaughn