WEF_Future_of_Jobs_2023

over the 2023–2027 period. In general, most workers will need to be trained during this period.

Roughly half of those can currently be trained, but Human Resources functions will have to

accelerate their current plans if the remaining workers’ skills gaps are to be closed. Companies

seldom expect external funding for training and will avail themselves of external training solutions far

less frequently than looking to internal solutions, especially via on-the-job training and coaching.

Most training programmes will be short, and a return on investment is expected within a year.

Beyond these considerations, companies’ readiness for the 2023–2027 period can be

evaluated through a simple cross-sectoral survey of CHROs, CLOs and other C-suite executives

on their workforce’s expected level of motivation and productivity in the 2023-2027 period. Figure

5.13 ranks industries’ expected performance on motivation and productivity, based on the net

difference between the share of companies in each sector that foresee a positive outlook minus those

that foresee a negative outlook.

Survey results suggest that the strongest performance may be expected in Advanced

Manufacturing; Insurance and Pensions Management; and Agriculture, Forestry and

Fishing. Surveyed companies operating in Telecommunications as well as Media,

Entertainment and Sports reported the least positivity across these two measures. Executives in

Mining and Metals and Electronics expect workers to be highly productive but not strongly motivated.

Respondents expect workers in Government and the Public Sector to be well motivated but show

less optimism regarding productivity.

Worker motivation rank

Worker productivity rank

Highrank

Lowrank

Lowrank Highrank

Rankings of the relative outlook for worker motivation and productivity reported by organizations surveyed for 2023 to 2027

Accommodation, Food and Leisure

Advanced manufacturing

Agriculture, forestry, and fishing

Automotive and Aerospace

Care, Personal Services and WellbeingBusiness support andpremises maintenance services

advanced materialsChemical and Education and training

Electronics

Employment services

Energy technology and utilities

Financial services and capital markets

Government and public sector

Information and technology services

Infrastructure

Insurance and pensions management

Media, entertainment and sports

Medical and healthcare services

Mining and Metals

Production of consumer goods Oil and gas

Real estate

Supply chain and transportationRetail and wholesale of consumer goods

Telecommunications

Non-governmental andMembership Organisations

business management servicesResearch, design and

FIGURE 5.13 Outlook for motivation and productivity, 2023-2027

Source
World Economic Forum, Future of Jobs Survey 2023.

Future of Jobs Report 2023 60