Companies integrating automation and artificial intelligence may need some restructuring
Automation will increase the demand for technological skills by 55 percent by 2030, according to a new report involving input from more than 3,000 business leaders in seven countries.
Demand for social and emotional skills, such as leadership and managing others, will also rise by an anticipated 24 percent.
Demand is also expected to increase sharply for some higher cognitive skills, such as creativity.
Conversely, a number of skill categories may be less in demand in the future. Basic cognitive skills, such the ability to perform rudimentary data input and processing, are expected to decline by 15 percent. Physical and manual skill demand is forecast to decrease by 14 percent, although the report notes that workforce skills category will be the largest one in many countries.
To stay competitive, companies may need to make organizational changes. Employers could place a strong emphasis on continuous learning for workers and transition to more cross-functional and team-based work, according to the report findings, potentially redefining roles and becoming more agile.
In addition, nearly 20 percent of organizations say their executive team lacks sufficient knowledge to spearhead adopting automation and artificial intelligence.
Find out more about the HR and other structural changes that may be needed in the future in this report from McKinsey & Company.