- BCG, The Burning Glass Institute, and Emsi Burning Glass
analyzed more than 15 million job postings to understand how skill
requests changed from 2016 to 2021
- One in five skills (22%) requested for the average US job
is an entirely new requirement in that
occupation
- Nearly three-quarters of jobs changed more from 2019 through
2021 than in the previous three-year period
BOSTON, May 23, 2022
/PRNewswire/ -- Jobs are more disrupted today than ever before, and
changing at breakneck speed, according to a new report from Boston
Consulting Group (BCG), Emsi Burning Glass, and The Burning Glass
Institute. Over one-third of the top 20 skills requested in
postings for the average US job have changed since 2016, and one in
five skills is an entirely new requirement for that job.
The report, titled Shifting Skills, Moving Targets, and
Remaking the Workforce, is being released today. Drawing on
data from more than 15 million online job postings from 2016
through 2021, the authors created the Skill Disruption Index to
examine and compare how rapidly and significantly skill requests
evolved over time within specific roles. In reviewing the five-year
data, the study detected an acceleration in the pace of change:
nearly three-quarters of jobs changed more from 2019 through 2021
than they did from 2016 through 2018.
"Company leaders—even HR and recruiting leaders—may not even
realize how profoundly and rapidly the jobs in their industry are
evolving since not every job is disrupted to the same degree, at
the same rate, or in the same way. The challenge for employers and
employees alike is to keep up—or, better yet, to get ahead of the
trends," said Jens Baier, a managing
director and senior partner at BCG and a coauthor of the
report.
The Great Disruption
According to the report, certain sectors—finance; design, media,
and writing; business management and operations; HR; and IT—have
changed faster than others.
In the fastest-changing jobs, almost 80% of the top 20 skills
either are new or have changed significantly in importance.
Examples of these fast-changing jobs include accounting supervisor,
advertising manager, marketing associate, software developer, and
solar engineer.
By contrast, other occupations have seen 15% or fewer of their
skills change. Many of these are physical occupations, such as
warehouse worker, packager, janitor, tractor trailer truck driver,
and shipping and receiving clerk (see exhibit).
"The pandemic has accelerated the pace of change as people in a
broad range of careers have been forced to embrace new ways of
working and new skills. But the forces driving this tremendous
dynamism were already at play coming into the pandemic as
technology reshaped jobs and brought together skills from across
domains," said Matt Sigelman,
president of The Burning Glass Institute and a coauthor of the
report. "The net effect of all of this is that today's workers need
an increasingly broad set of skills, blending digital expertise and
foundational proficiency."
Four Big Trends in Skill Change
Looking at the data across occupation groups and skill
categories reveals four big trends in skill change:
- Digital Skills in Nondigital Occupations. The growth of
digital skills isn't limited to jobs in IT. Roles across industries
increasingly demand technical fluency and abilities, including data
analysis, digital marketing, and networking.
- Soft Skills in Digital Occupations. Digital jobs don't
demand programming skills alone; they require a balance of soft
skills as well. These include skills involving verbal
communication, listening, and relationship building.
- Visual Communication. The use of data visualization has
grown across companies, becoming increasingly important even
outside of traditional data occupations. Experience with tools such
as Tableau, MS Power BI, and Adobe Analytics is in high
demand.
- Social Media Skills. Careers are evolving to the current
media climate. Many jobs now demand social media knowledge to keep
pace, such as experience with Facebook, LinkedIn, and Adobe
Photoshop.
Managing such changes is complex. It requires strong C-suite and
HR leadership capabilities, clarity on the strategic direction of
the enterprise, understanding of the dynamics of each industry
sector and their corresponding talent bases, strong learning and
development functions, and talent planning on multiple time
horizons. It also requires the agility to react to ongoing change
and unanticipated disruptions in trends.
"This report provides hard evidence of an important trend: the
average worker is going to have to learn new skills just to keep
the job they have, much less get ahead in their careers. The
pandemic has accelerated the process, but even when not in a
crisis, we are undergoing a major shift in how the world thinks
about the nature of work," says Bledi
Taska, chief economist and executive vice president at Emsi
Burning Glass and a coauthor of the report. "Staying informed on
changing skills while recognizing and acting on their implications
will be key to success for both employers and employees."
Download a copy of the report here:
https://www.bcg.com/publications/2022/shifting-skills-moving-targets-remaking-workforce
Media Contacts:
BCG: Alexandra
Puig, +1 240 271 5641, puig.alexandra@bcg.com
The Burning Glass Institute: Jenny
Carvalho, +1 423 773 5878,
jcarvalho@burningglassinstitute.org
Emsi Burning Glass: Scott Bittle, +1
617 804 1549, scott.bittle@emsibg.com
About Boston Consulting Group
Boston Consulting Group
partners with leaders in business and society to tackle their most
important challenges and capture their greatest opportunities. BCG
was the pioneer in business strategy when it was founded in 1963.
Today, we work closely with clients to embrace a transformational
approach aimed at benefiting all stakeholders—empowering
organizations to grow, build sustainable competitive advantage, and
drive positive societal impact.
Our diverse, global teams bring deep industry and functional
expertise and a range of perspectives that question the status quo
and spark change. BCG delivers solutions through leading-edge
management consulting, technology and design, and corporate and
digital ventures. We work in a uniquely collaborative model across
the firm and throughout all levels of the client organization,
fueled by the goal of helping our clients thrive and enabling them
to make the world a better place.
About The Burning Glass Institute
Situated at the
intersection of learning and work, The Burning Glass Institute is a
fully independent non-profit advancing data-driven research and
practice on the future of work and of workers. We work with
educators, employers, and policymakers to develop solutions that
build mobility, opportunity, and equity through skills. Through our
expertise in mining new datasets for actionable insight, The
Burning Glass Institute's discourse-shaping research draws
attention to pressing problems and frames the potential for new
approaches. Through project-based engagement and collectives, we
put ideas into practice, bringing forward solutions that are
high-impact and replicable.
Building on a legacy of breakthrough innovation in labor market
analytics, the Institute serves as a trusted source bridging
industry, educators, policy makers, and workers. As rapid change
increasingly challenges employers and workers alike, the Institute
delivers insightful analysis of labor market trends and develops
innovative models for economic mobility and workforce equity.
About Emsi Burning Glass
Emsi Burning Glass is the
world's leading authority on job skills, workforce talent, and
labor market dynamics, providing expertise that empowers
businesses, education providers, and governments to find the skills
and talent they need and enables workers to unlock new career
opportunities.
Headquartered in Boston,
Massachusetts, and Moscow,
Idaho, Emsi Burning Glass is active in more than 30
countries and has offices in the United
Kingdom, Italy,
New Zealand, and India. The company is backed by global private
equity leader KKR. For more, visit
https://www.economicmodeling.com/.
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SOURCE Boston Consulting Group (BCG)