This report, commissioned by UBS, determines what will move, motivate and retain workers in the mid-2020s and reveals the key characteristics and strategies that future business will need to incorporate to retain the most talented workers.
Job security and tenure, motivation, retention through remuneration and many of the other basic assumptions about how, where and why we work that have underpinned the workforce landscape for the past 150 years will be challenged, and in many cases, rejected.
As technologies such as artificial intelligence (AI), virtual reality (VR) and driverless vehicles move into the mainstream workplace environment, whole job categories will disappear and be replaced by jobs that we can barely imagine today.
‘Almost half (47%) of occupations in advanced economies are at high risk of being automated in the next 20 years,’ says Mark Haefele, Global Chief Investment Officer (CIO) of UBS Wealth Management.
‘The next wave of automation will mean that all of those solid driving jobs earning £30k ($39k, €35k) a year will vanish in the next 10 years,’ says StJohn Deakins, CEO of identity control service CitizenMe.