The text discusses the findings of a Korn Ferry study that reveals a potential global talent shortage of over 85 million workers by 2030, stemming from demographic changes and insufficient workforce training. While concerns about robots taking jobs dominate the conversation, the reality is that many high-skilled positions may remain unfilled due to a lack of qualified candidates. Countries like the United States, Japan, and China may face significant deficits, impacting their economic leadership in various sectors. Organizations are urged to prioritize talent strategies, invest in training, and foster a culture of continuous learning to mitigate this impending crisis.
| Signal | Change | 10y horizon | Driving force |
|---|---|---|---|
| Looming global talent shortage | From workforce to talent deficit | Increased focus on upskilling programs | Demographic shifts and aging workforce |
| Robots won’t replace jobs, but humans needed | From job automation to manpower needs | Emphasis on human skill development | Need for skilled labor in various sectors |
| $8.5 trillion in unrealized revenues | From potential growth to losses | Economic impacts of talent shortages | Revenue loss due to insufficient workers |
| Shift in tech leadership | From US dominance to potential challengers | New tech hubs emerging globally | Competitive talent acquisition |
| Continuous learning becomes essential | From static education to dynamic skills | Lifelong learning embedded in cultures | Adaptation to rapidly changing markets |