What skills are needed in the local economy?
We will produce an annual spotlight on human capital trends report with key statistics and research regarding the current and future needs of the island's business sectors.
People and skills are at the heart of our economic prosperity. Over the next decade, the adoption of automation and artificial intelligence technologies will transform the workplace as people increasingly interact with ever smarter machines. These technologies and future focused skill sets will bring numerous benefits, in the form of higher economic growth, improved corporate performance, and new prosperity to our island. The question is are we ready?
For the Bailiwick to seize new opportunities and grow, we need a trained and diverse workforce, supported by good business practice and the right policy environment.
Driven by accelerating connectivity, new talent models, ageing populations and continued competition for competitiveness driven by globalisation, how work is changing. As robotics, AI, and the gig economy, jobs are being reinvented, creating the “augmented workforce”, we must reconsider how jobs are designed and work to adapt and learn for future growth.
Our analysis will address key factors that will have a direct influence on our island's future success.
In May 2019, we ran the first Spotlight on Human Capital Survey. 75% of respondents said that they were carrying between 1-4 live vacancies which was having a -1-5% impact on their bottom line. Lacking soft skills remain a concern of employers with 60% of employers suggesting a review of the current curriculum should be reviewed to better meet the needs of industry.