Future of the Technician Workforce Study

Table 9: Source: Future of Jobs Survey 2018, World Economic Forum.

EXPECTED AVERAGE RE-SKILLING NEEDS ACROSS COMPANIES, BY SHARE OF EMPLOYEES, 2018-2022.

Re-skilling needs of over 1 year 10%

Re-skilling needs of 6-12 months 9%

Re-skilling needs of 3-6 months 10%

Re-skilling needs of 1-3 months 12%

No re-skilling needed 46%

Re-skilling needs of less than 1 month 13%

Table 10: Source: Future of Jobs Survey 2018, World Economic Forum.

STRATEGIES TO ADDRESS SHIFTING SKILLS NEEDS BY PROPORTION OF COMPANIES LIKELY TO PURSUE BY 2022 (PROJECTED).

Hire new permanent staff with skills relevant to new technologies Look to automate the work Retrain existing employees Expect existing employees to pick up skills on the job Outsource some business functions to external contractors Hire new temporary staff with skills relevant to new technologies Hire freelancers with skills relevant to new technologies Strategic redundancies of staff who lack the skills to use new technologies

84%

81% 72%

65%

64%

61%

54%

46%

| 10 MCC Economic and Workforce Development Center