Investing in human capital for the future of work

Famously, an organisation is only as good as its employees. And as technology continues to change the way the world works, improving human capital has never been as important.

The World Economic Forum has estimated 77% of all jobs will require digital skills from workers by 2030. However, businesses currently face a global shortage of digital skills already, with only 33% of technology jobs worldwide filled by the necessary skilled labour.

To support organisations’ digital transformations, human capital needs to be up to scratch. Half of today’s organisations agree that the current ‘digital divide’ is widening, with 54% of business leaders noting that they have lost their competitive advantage due to talent shortages, according to a recent global survey by Capgemini and LinkedIn.

With Generation Z and Generation Alpha set to make up around a quarter of the workforce by the end of the decade – and nine in 10 of those jobs will require digital skills as a minimum – the most immediate challenge for today’s businesses is how to empower these emerging generations with the tools they need for the future of the work.

MARCUS marcus.law@bizclikmedia.com