“Nothing is permanent except change,” that is the belief of a Greek philosopher, Heraclitus of Ephesus in the late 6th century BCE. That is true in his time and remains true today.
Change is inevitable especially in this technologically-driven world. Your job today may no longer be relevant tomorrow. Therefore, it is important to always be ready and to have the right skills to keep up with the rapidly changing job market.
Digital transformation and its impact to the job market
Today, companies across industries around the world are pursuing strategies for digital transformation—integrating automation, artificial intelligence (AI), machine learning, Internet of Things (IoT), and other sophisticated technologies—to remain competitive. Digital transformation requires companies to eliminate jobs, create new positions, train or hire new employees with the right skills to execute new strategies for growth.
According to a McKinsey report, 75 million to 375 million workers worldwide will switch occupational categories or learn new skills. Around 400 million to 800 million people will need to find new jobs by 2030 due to the impact of automation and AI.
Substantial investment, innovation, and economic growth will create new jobs and replaced the lost jobs particularly in developed countries such as the United States.
Employers are looking for these type of workers/skills
Right now, workers need to have a clear perspective about the future landscape of the labor market. They need to know what type of skills employers will be looking for in the future.
In other words, it is imperative for workers to keep improving their skills and learning new ones to stand out in the rapidly evolving job market.
Companies are always looking for workers who have the abilities to solve problems. During a job interview, an applicant must prove that he/she is a problem solver by citing examples from previous jobs. The applicant must clearly articulate how he/she discovered and resolved the issue, according to career experts
Critical thinkers are valuable to employers because they have the ability to think clearly and logically. Individuals with critical thinking skills don’t just accept information. They ask questions, listen carefully and try to understand the facts, ideas or arguments, and determine whether there are errors or inconsistencies. They approach every problem systematically.
Employers also want workers who are resilient. Those who have inner strengths to bounce back from setbacks, have the ability to learn from their failures, and find strategies to turnaround a bad situation.
Most employers are also seeking for workers who are customer-centric. An applicant has an edge in the job market if he/she knows how to provide a service that exceeds a customer’s expectation.
Highly-successful executives such as Warren Buffett believe that the main ingredient to success is customer delight. During the Goldman Sachs 10,000 Small Business panel discussion at La Guardia Community College three years ago, Buffet said, “Any business that has delighted customers has a salesforce out there. Your customer is going to get to vote and talk. You want them out there as salesmen for you. In fact, customer delight is the main ingredient to success. You will succeed if you have delighted customers. Don’t settle for satisfied.”