Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

There are 6 data sources. The question is in the last photo. Future 0th 3 SUMMARY ARTICLE it is estimated that over half of UK

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

There are 6 data sources. The question is in the last photo.

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
Future 0th 3 SUMMARY ARTICLE it is estimated that over half of UK children starting primary school In September 2020 will, by the time they finish their education, nd a job working in a role that does not yet exist. Equally. socioeconomic developments and improvements In technology mean that many occupations which were once high in demand are beginning to disappear. So. what are the catalysts for this change, and what skills should we be equipping the next generation with to deal with this rapidly evolving employment landscape? A recently published report has sought to shed some light on these issues by asking Human RESOUFCES Directors (HRDsi for large global organisations to predict what the future of their industries will look like in 10 years and, more specically. which impending changes will have the greatest impact on the future ofjobs. Catalysts to change The last decade has seen huge technological advances, and these developments have united previously disjointed occupations. Robotics, genetics, nanotechnology, machine learning. 313 printing and artificial intelligence, which were on the very fringes of science, are now commonplace in manufacturing and business. Alongside these technological advances. socioeconomic and geopolitical shifts are causing business models to be redesigned. HRDs highlight one issue In particular that needs to be considered qua ntifylng skills shortages within an occupation, lob family or entire Industry. A further factor needing to be considered to understand how the benets and burdens of these changes will be distributed is the future proportions of men and women In the workplace, currently split 50:50 across the globe as a whole. Changing nature of work Current trends estimate a net global employment Impact ofmore than 8.3 mlllionjobs being disrupted by market changes over the period 202072028, with a total reduction of 4,1 million positions. Nearly threequarters of these will come from white-collar ofce functions such as administration and supply management This report aiso suggests an increase of2 million jobs In Science, Technology, Engineering and Maths (STEM) occupations, and an equal fall In the number of positions expected In the Manufacturing and Production Industries. However. the authors of the report conclude that employers In these sectors have great opportunity to re-energise, resklll and redeploy their workforce rather than simply replacing them. Respondents from across practically all Industries and geographies noted that data analysts will be required to make sense of the data generated by new technology; specialised sales representatives will be needed to explain businesses' offerings to clients and consumers, and a new type of chief executive will thrive - someone who Is able to help steer companies through these unpredictable times. If all of the HRDs who completed the survey from the Energy industry had their Head Office in Asia, how many more people is this than we would expect, from what we know about the geographical location of Head Offices more generally? Select the best answer from the options below. Please note, there are SIX sources of data information, which you can scroll through. Click on the images above to enlarge them. 0 4 O 17 O 21 O 43 O 47Factors impacting industry business models - when will the main impact start to be felt? In the past Now In the next 5 years . Geopolitical unpredictability . Renewable energy technology . Advanced robotics . Cloud technology . Internet retailers . Automation of job roles . Advances in Big Data . 3D printing . Biotechnology . Crowdfunding . Ageing societies . Rise in the number of . Consumer concerns about middle-class people in Asia ethical and privacy issues Rise in the number of young . Rise in the number of women people in Asia in the workplace Rapid urbanisation . Changing work environments . Flexible working arrangements . Climate change . Transition to a green economyGeographical location of Head Offices Bar chart showing the location of the Head Office of the organisations whose HRD completed the survey North America Asia European Union Middle East Central America Eastern Europe Africa South America The Caribbean Oceania 22% 16% 18% 20% 10% 12% 14% 2% 4% 6% 8% 0%The number of employees employed by the large global organisations represented by the Human Resources Directors (HRDs) who completed the survey, split by industry group Industry group Number of employees Basic & Infrastructure 1,967,000 Consumer 1,275,000 Energy 2,892,000 Information & Communication Technology 3,556,000 Healthcare 971,000 Financial Services & Investors 1,082,000 Others 2,643,000 Industries Overall 14,386,000Responses to survey questions asking about the most important technological catalysts for change over the next 10 years Note: The chart shows the proportion of respondents selecting each of these 8 categories. Cloud Technology Big Data Renewable Energy Crowdfunding Robotics Automation 3D Printing Biotechnology 55% 70% 75% 45% 50% 60% 65% 80% 85% 40% 0% 10% 15% 20% 25% 30% 35%Bar chart showing what proportion of HRDs completing the survey work in each industry Note: 333 HRDs were invited to complete the survey, one per organisation. 45% of invitees actually completed the survey. Healthcare Consumer Information & Communication Technology Energy Basic & Infrastructure Financial Services & Investors Others 24% ....... 14% 16% 18% 20% 22% 6% 8% 10% 12% 2% 4% 0%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Precalculus Enhanced With Graphing Utilities

Authors: Michael Sullivan, Michael Sullivan III

7th Edition

0134268210, 9780134268217

More Books

Students also viewed these Mathematics questions

Question

=+b) What are the upper and lower 3s control limits?

Answered: 1 week ago