The majority of students currently at school in Ireland are going to end up working in types of jobs that do not exist yet, according to new research on the future of employment carried out by Ibec. The business group is this morning launching its 'Smarter World, Smarter Work' campaign, which looks at ways in which the country needs to prepare for changes to the way we work.
Ibec's Director of Employer Relations Maeve McElwee said the campaign is the basis under which the group has been looking at the agenda of the future of work. "We know that obviously the workplace is changing and that pace of change is accelerating all the time. Issues such as globalisation, changing consumer preferences, and the rapid pace of digitalisation in our businesses are really changing how people will work into the future," she said.
"We've set out in our campaign four key pillars under which we've been looking at this. These include investment in skills and employability, looking at flexibility in the workplace across all life stages, looking at dynamic employment relationships, and smoother job transitioning," she added.
Ms McElwee said the specific asks under the campaign are to deal with the issues around how this is supported with policy and well-managed regulation. Ibec's research suggests current school pupils will have 10-12 jobs by the age of 38. The Ibec Director of Employer Relations said these jobs are "predominantly professional roles, so what we're seeing in general is that individuals are changing jobs much more regularly than they have done in the past. Instead of maybe entering into employment and staying for seven to ten years, we see people transitioning in much shorter periods of time".
"What we also know is that with people living for much longer, we'll see people staying in the workforce for much longer and we'll see much more transitioning as they go through different careers and career stages over a longer working life." She added this will require a greater need to up-skill and for people to take time out of the workforce.
Over 60% of school pupils today will end up working in jobs that do not exist yet, according to the research, and Ms McElwee said it is "very difficult" to foresee exactly what type of jobs these will be. "What's very clear is that roles that require a lot of the human skills, creativity, thought leadership will obviously continue to survive. We'll see people in research, in science, healthcare, technology across the board. We also know is that we'll see redundancy coming into roles that perhaps require a lot of manual skills, but also maybe a lot of relatively routine cognitive skills," she concluded.
MORNING BRIEFS - Irish Ferries owner ICG has said its Ulysses ferry will be out of service for longer than expected. The ferry, which operates on the Dublin/Holyhead route, reported technical difficulties on June 24. The company expected repairs to the vessel to take no longer than five days, but said this morning it expects the vessel will be out of service for a further period of one to two weeks.
*** There was a slight drop-off in building activity in June, according to the latest monthly Ulster Bank construction purchasing managers' index. Expansion of activity eased from "extremely elevated" levels the previous month, however, there has still been growth in the sector for each of the past 58 months, while the number of new construction start-up companies is well ahead of other sectors.
*** Lump-sum savers, frustrated by record low deposit rates, are instead investing their money in greater numbers. That is according to the latest Bank of Ireland/ESRI Savings and Investment Index, which indicates sentiment in Ireland towards investment has topped saving for the first time since the series began.
*** Two out of every five project management professionals have suffered from prolonged stress due to their work, while more than 80% have had no formal training in how to manage mental health issues. Those are among the findings of a study by the project management conference, PM Summit, which takes place in Dublin next week. The research also identifies the execution stage as the most demanding project phase.