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How to future-proof your career path in 2020 (and beyond)
See the Writing on The Wall
Sometimes, entire industries fade away, and it is not easy to know what will be the economic trends in the next decade.
Getting clues from the current political scenarios and global economic conditions is important, and it helps us understand where our current sector or industry is headed.
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An Uncertain Future
- The past decade gave rise to the 'Gig' economy, spawning one-click app-based transactions.
- Artificial Intelligence and automation are further transforming how people live and work.
- The old-school jobs are now at risk of being obsolete or irrelevant.
Future Proof Your Career
Future-proofing your career to stay relevant isn't about learning how to code or going back to college.
It is about having a career plan with a long-term vision, taking into account the current job-market conditions, economic factors, emerging opportunities, personal interests, and family realities.
Shrinking Life Cycle of Jobs
A life cycle of a job is shrinking rapidly, and if you're not re-inventing yourself or pivoting on time, you are rendered out of work sooner than in the past decades.
We need to check our career plan and ask ourselves what skills need to be developed to pursue future opportunities, in this shifting economy.
Your Blueprint
To create a career blueprint, you can take the help of your teachers, coworkers, mentors and family members, while the tools that can help you are the TED webcasts, social media sources, and online industry groups.
This change-management exercise is crucial to not be a victim of dying industries due to not having a career path to guide you in the changing economy.
Align With Your Interest
In a shifting economy, thinking laterally, and identifying neglected sectors which are aligning with your interests, is a powerful trick to gain a professional advantage.
Gravitating towards your interests is the way to go for your career survival, and it is critical for self-innovation and re-invention.
See the Writing on The Wall
Sometimes, entire industries fade away, and it is not easy to know what will be the economic trends in the next decade.
Getting clues from the current political scenarios and global economic conditions is important, and it helps us understand where our current sector or industry is headed.
The Jobs That Are Going
AI and Automation reshaping jobs is not not just a possibility anymore.
- Self-driving cars are in the process of replacing Uber drivers.
- Cashiers are being replaced by self-checkouts whereas entire stores are being wiped out due to the online shopping wave.
- Algorithms are replacing professional jobs like lawyers and accountants.
- General medicine stores and medical personnel are also feeling the heat of automation and AI.
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Controlling your emotions
The ability to recognize, own, and shape your own emotions is the master skill for deepening intimacy with loved ones, magnifying influence in the workplace, and amplifying our ability to turn idea...
Own the emotion
You can’t change an emotion you don’t own.
Accept responsibility for its existence. Because an external event always precedes your experience of an emotion, it’s easy to assume that the event caused it. But as long as you believe it was externally caused, you are going to be a victim to your emotions.
Name the story
Emotions are the result of both what happens, and of the story you tell yourself about what happened.
- A victim story: it absolves you of your responsibility for what happened.
- A villain story: it exaggerates the faults of others and makes them responsible for what happened.
- A helpless story: it convinces you that any course of action is pointless.
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Make space to create meaning
Provide digital self-assessment tools and the types of personal exploration exercises that facilitate reflection.
These mechanisms can help employees identify personal sources...
Provide the right amount of structure
Formal employee programs and activities, such as rotational opportunities, innovation labs, reverse mentoring and milestone experiences, can help employees build deeper, more diverse relationships while promoting growth.
Build strong teams
Deepening relationships is a key source of fulfillment.
Shared experiences help employees come together in ways that build meaningful connections and trust. Activities that provide a common purpose — such as an escape room game or a hackathon — are especially effective.
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The model of future work
By 2030, up to 30 to 40 percent of all workers in developed countries may need to move into new occupations or upgrade their skill sets. Skilled workers in short supply will become even scar...
Employers should lead the way
The pace and scale that technology disrupts is a social, political and business challenge.
Employers are best placed to make a positive societal impact, for example, by upgrading the abilities of their employees and equipping them with new skills. Employers will also reap the greatest benefit if they can successfully transform the workforce in this way.
Talent is the largest barrier
Talent is the largest barrier to the successful implementation of new strategies.
Many leading businesses realize that it is quicker and more financially prudent to look internally and develop the talent they already have. Yet only a third of global executives report that their organizations have launched any new reskilling programs.
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