TODAY’S NEWS. TOMORROW’S INSIGHTS.A daily newsletter from McKinsey & Company
Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities
Lead like a scientist. To create healthy workplaces now and in the future, executives need to think more like scientists when leading their companies, says organizational psychologist Adam Grant. Each opinion is like a hypothesis that can be tested, while each decision can be an experiment from which leaders can learn. In hybrid work environments, people must be willing to grow new capabilities. When leaders believe that they can’t change their decisions, they might miss big opportunities to develop stronger organizations. [WSJ]
Demand for digital. What are the top skill sets needed for future careers? Employers in an increasing number of sectors are looking for workers with experience in AI and machine learning (ML), cloud computing, product management, and social media, according to a study of 228 million US job postings. The demand for AI and ML skills is increasing the fastest, the researchers said. From 2017 to 2022, the growth rate for AI and ML capabilities was two or three times higher than for any other high-growth skill area. [WEF]
Seeking new skills. The world of work is clearly changing, and looking ahead can help organizations prepare for what’s next. To map the future of work, the McKinsey Global Institute (MGI) considers potential labor demand, occupational mix, and necessary workforce skills. Research by Sven Smit, McKinsey’s chair of insights and ecosystems and of MGI, and his colleagues has found that job growth will be more concentrated in high-skill jobs (for example, in healthcare, science, technology, engineering, and math).
Remote-work revolution. For some, the COVID-19 pandemic has sparked a structural shift in where work takes place. MGI analysis of the potential for remote work to persist revealed that 20 to 25% of workforces in advanced economies could work from home between three to five days a week. (That’s four to five times more remote work than pre-COVID-19.) Since hybrid work setups are likely to persist, organizations will need to refine how they operate in response. See three trends accelerated by the pandemic that will continue to reshape work.
— Edited by Belinda Yu, editor, Atlanta
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