Architecture and engineering. O ce and ... Debate of the relative benefits of university education and work-based course
SKILLS FOR THE FUTURE
AVAILABILITY OF SKILLS BY INDUSTRY Percentage of industry reporting stable/unstable workforce Unstable
Debate of the relative benefits of university education and work-based courses, particularly apprenticeships, rages on. But without doubt the UK faces a serious skills gap which must be filled by providing the training and qualifications the economy needs
Stable 27%
29%
Media, entertainment and information
Healthcare
CHANGING DEMAND FOR CORE WORK-RELATED SKILLS, 2015-2020
73%
71%
30%
30%
Share of all jobs requiring the following skills as part of their core skillset Growing skills demand
Stable skills demand
15%
Declining skills demand
17%
Scale of skills demand in 2020
36%
10%
18%
19%
13%
12%
4%
Consumer
Energy
100% 90%
70%
70%
33%
35%
80% 70% 60%
Information and communication technology
Professional services
50% 40% 30%
67%
65%
39%
42%
20% 10% 0%
Cognitive abilities
System Skills
Complex problem-solving
Content skills
Process skills
Social skills
WHAT STUDENTS ARE STUDYING BY SELECTED COUNTRY/REGION
Agriculture
2%
US
Gulf Co-operation Council
Japan 3%
1%
Technical skills
20%
10%
8%
Physical abilities World Economic Forum 2016
Germany 2%
UK
Global survey of cross-industry executives
7%
9%
65%
64%
61%
58%
43%
35%
Financial services and investors
1%
69% Education
Mobility
FACTORS IMPACTING SKILLS DEMAND IN THE NEXT FIVE YEARS
Distribution of recent university graduates by subject Brazil
Resource management skills
Basic and infrastructure
63%
60%
60%
AVERAGE
50% 57%
10%
65% World Economic Forum 2016
Engineering, manufacturing and construction
7%
Health and welfare
15%
7%
16%
17%
15%
CHANGES IN EMPLOYMENT BY JOB SECTOR, 2015-2020
9%
Estimated compound annual growth rate 17%
6%
13%
19%
-4
16%
-2
0
2
4
Architecture and engineering Humanities and arts
2%
12%
18%
15%
16%
Computer and mathematical
16%
Management Sciences
5%
9%
13%
3%
13%
13%
Business and financial operation Sales and related
Services
Social sciences, business and law
Other/ unspecified
3%
41%
5%
8%
36%
2%
36%
8%
27%
7%
3%
23%
2%
32%
Advances in industry-specific technology
Expanded trade and global economic specialisation
Advances in general technology
Changes in industry business/ operating models
Artificial intelligence and cognitive computing
Installation and maintenance Construction and extraction
Economic globalisation and changing competitive pressures
Changes in regulatory requirements
Arts, design, entertainment, sports and media Manufacturing and production
1% Office and amministrative World Economic Forum/UNESCO 2016
IBM Institute for Business Value/Oxford Economics 2017
