g-f(2)938 THE NEW WORLD (2/14/2022), Korn Ferry, FUTURE OF WORK / THE GLOBAL TALENT CRUNCH

ULTRA-condensed knowledge

"g-f" fishing of golden knowledge (GK) of the fabulous treasure of the digital age, The New World, Future Of Work (2/14/2022)  g-f(2)426 

ALERT, Korn Ferry

EXCEPTIONAL “Full Pack Golden Knowledge Container” (2018)

FUTURE OF WORK / THE GLOBAL TALENT CRUNCH 

Some Golden Knowledge (GK) Juice

• A major crisis is looming over organizations and economies throughout the world. By 2030, demand for skilled workers will outstrip supply, resulting in a global talent shortage of more than 85.2 million people. 
• Signs are already emerging that within two years there won’t be enough talent to go around. In countries with low unemployment and booming manufacturing production, including the Czech Republic, Poland, Hungary and Slovakia, a labor shortage has already accelerated automation and increased use of robotics—not to replace people, but because there aren’t enough of them to fill the factories.
• The United States alone could miss out on $1.748 trillion in revenue due to labor shortages, or roughly 6% of its entire economy. While leaders are betting heavily on technology for future growth—a 2016 Korn Ferry survey found that 67% of CEOs believe technology will be their chief value generator in the future of work—they cannot discount the value of human capital.

Genioux knowledge fact condensed as an image

Korn Ferry - Future of Work

References

FUTURE OF WORK / THE GLOBAL TALENT CRUNCH, 2018, Korn Ferry.

ABOUT THE AUTHORS

Korn Ferry

Korn Ferry is a global organizational consulting firm. We help companies design their organization—the structure, the roles, and responsibilities, as well as how they compensate, develop, and motivate their people. As importantly, we help organizations select and hire the talent they need to execute their strategy. Our approximately 7,000 colleagues serve clients in more than 50 countries.

Extracted from Wikipedia

Korn Ferry is a management consulting firm headquartered in Los Angeles, California. It was founded in 1969 and as of 2019, operates in 111 offices in 53 countries and employs 8,198 people worldwide. Korn Ferry operates through four business segments: Consulting, Digital, Executive Search, and RPO and Professional Search.

Extra-condensed knowledge

Lessons learned, Korn Ferry  

About this study

Some Golden Knowledge (GK) Juice

• This study estimates the impending talent crunch by modeling the gap between future labor supply and demand. 
• We uncover the extent of the talent shortfall in 20 major economies at three milestones: 2020, 2025, and 2030. 
• The model focuses on three knowledge-intensive sectors within each market that act as critical drivers of global economic growth: financial and business services; technology, media, and telecommunications (TMT); and manufacturing, and also examines the remainder of each economy. 
• Using level of education as a commonly accepted proxy for skills, and taking into account forecast productivity gains, the study uses available data to forecast shortages for highly skilled, mid-skilled, and low-skilled workers to reveal an imminent talent crunch.

Condensed knowledge

• CONTEXT: The Golden Knowledge Path ("GKPath") digital highway
• Opportunity, Discovering and exploiting the treasure of the digital age
  • "genioux facts", the online programme on MASTERING “THE BIG PICTURE OF THE DIGITAL AGE”, builds The Golden Knowledge Path (GKPath) digital highway to discovering and exploiting the treasure of the digital age, accelerating everyone's success in the digital age. g-f(2)254, g-f(2)260, g-f(2)261, g-f(2)251, g-f(2)312, g-f(2)256, g-f(2)257, g-f(2)272, g-f(2)271, g-f(2)270, g-f(2)268, g-f(2)269, g-f(2)289, g-f(2)283, g-f(2)287, g-f(2)313, g-f(2)293, g-f(2)294, g-f(2)296, g-f(2)298  
  • The inverted mini pyramid of knowledge, g-f(256), is essential to travel on the "GKPath" highway.
  • g-f(2)256 The Big Picture of the Digital Age (5/2/2021), geniouxfacts, The fundamental knowledge mini-pyramid for traveling on the "GKPath" highway.
• Key "genioux facts" to travel on the "GKPath" highway.
• g-f(2)261 The Big Picture of the Digital Age (5/5/2021), geniouxfacts, You are unique. Grow without limits in the digital age.
• g-f(2)257 The Big Picture of the Digital Age (5/3/2021), geniouxfacts, At any moment you take the fastest path (GKPath) to your greatness.
• g-f(2)254 The Big Picture of the Digital Age (5/1/2021), geniouxfacts, The Golden Knowledge Path (GKPath) to accelerate everyone's success.
• g-f(2)260 The Big Picture of the Digital Age (5/4/2021), geniouxfacts, Alerts, Warnings and Relevant Lessons Learned Traveling at High Speed ​​on GKPath.

Lessons learned, Korn Ferry  

Some Golden Knowledge (GK) Juice

• Left unchecked, the financial impact of this talent shortage could reach $8.452 trillion in unrealized annual revenue by 2030, equivalent to the combined GDP of Germany and Japan.
• The United States alone could miss out on $1.748 trillion in revenue due to labor shortages, or roughly 6% of its entire economy. While leaders are betting heavily on technology for future growth—a 2016 Korn Ferry survey found that 67% of CEOs believe technology will be their chief value generator in the future of work—they cannot discount the value of human capital.
• Even companies that are using more robotics foresee a growing need for human talent with advanced skills; for example, redeploying people from the factory floor, where robots can perform repetitive work, to the research laboratory. The problem, however, is the mismatch between technological advances, including automation, artificial intelligence (AI), and machine learning, and the skills and experience workers need to leverage these advanced tools. Technology cannot deliver the promised productivity gains if there are not enough human workers with the right skills. This has set the scene for a global talent crunch.

Lessons learned, Korn Ferry

We examined talent supply and demand in each of the 20 economies

Some Golden Knowledge (GK) Juice

• More granularly, we examined talent supply and demand in each of the 20 economies as a whole and within three major knowledge-intensive industries—financial and business services (including insurance and real estate), technology, media, and telecommunications (TMT), and manufacturing—and at three distinct skill levels, referenced throughout as: 

1. Highly skilled workers (Level A): These individuals have completed post-secondary education, such as college or university, or a high-level trade college qualification. 
2. Mid-skilled workers (Level B): These individuals have attained upper secondary education, such as high school, or a low-level trade college qualification. 
3. Low-skilled workers (Level C): These individuals have less than upper secondary education.

Some relevant characteristics of this "genioux fact"

• Category 2: The Big Picture of the Digital Age
• [genioux fact deduced or extracted from Korn Ferry]
• This is a “genioux fact fast solution.”
• Tag Opportunities those travelling at high speed on GKPath
• Type of essential knowledge of this “genioux fact”: Essential Analyzed Knowledge (EAK).
• Type of validity of the "genioux fact". 

• Inherited from sources + Supported by the knowledge of one or more experts.

• Authors of the genioux fact
• Fernando Machuca

References

“genioux facts”: The online programme on MASTERING “THE BIG PICTURE OF THE DIGITAL AGE”, g-f(2)938, Fernando Machuca, February 14, 2022, blog.geniouxfacts.com, geniouxfacts.com, Genioux.com Corporation.

ABOUT THE AUTHORS

Fernando Machuca

CEO ‎Genioux.com Corporation

PhD with awarded honors in computer science in France

Fernando is the director of "genioux facts". He is the entrepreneur, researcher and professor who has a disruptive proposal in The Digital Age to improve the world and reduce poverty + ignorance + violence. A critical piece of the solution puzzle is "genioux facts". The Innovation Value of "genioux facts" is exceptional for individuals, companies and any kind of organization.

Key “genioux facts”

• Some relevant and recent "genioux facts" from the g-f golden knowledge pyramid to master the big picture of the digital age. 
  Opportunities those travelling at high speed on GKPath
  • Opportunities updates (2/14/2022) for those traveling at high speed on GKPath!
  • Tag Alerts those traveling at high speed on GKPath

  1. g-f(2)937 THE NEW WORLD (2/14/2022), WSJ, The Technology That’s Helping Companies Thrive Amid the Supply-Chain Chaos
  2. g-f(2)936 THE NEW WORLD NEWS (2/14/2022), Bloomberg, U.S. Tech Firms Hunt for Cheap Home-Based Hires in Latin America
  3. g-f(2)935 Lighthouse of the big picture of the digital age (2/14/2022), g-f PDT: How to develop a “Growth Mindset”
  4. g-f(2)934 THE NEW WORLD NEWS (2/13/2022), geniouxfacts, The 10 most read "genioux facts" of the month
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  7. g-f(2)931 THE NEW WORLD NEWS (2/12/2022), WSJ, OpenSea’s NFT Free-for-All
  8. g-f(2)930 THE NEW WORLD (2/12/2022), MIT SMR, A Global Brand President’s View of the Future of Work
  9. g-f(2)929 THE NEW WORLD (2/12/2022), HBR, Skills-Based Hiring Is on the Rise
  10. g-f(2)928 THE NEW WORLD (2/12/2022), geniouxfacts, Golden knowledge (GK) to wisely resolve the current lose-lose situation between Russia and Ukraine
  11. g-f(2)927 THE NEW WORLD NEWS (2/11/2022), geniouxfacts, The list of “genioux facts" of the day
  12. g-f(2)926 THE NEW WORLD NEWS (2/11/2022), geniouxfacts, 10 Golden Knowledge (GK) Containers on Artificial Intelligence (AI)
  13. g-f(2)925 THE NEW WORLD (2/11/2022), strategy+business, Building a culture of learning at work
  14. g-f(2)924 THE NEW WORLD (2/11/2022), WHO, Ensuring artificial intelligence (AI) technologies for health benefit older people
  15. g-f(2)923 THE NEW WORLD (2/11/2022), yahoo!news, WWD, L’Oréal’s CEO Addresses Beauty Industry Transformation
  16. g-f(2)922 THE NEW WORLD NEWS (2/10/2022), geniouxfacts, The list of “genioux facts" of the day
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  19. g-f(2)919 THE NEW WORLD NEWS (2/10/2022), geniouxfacts, 10 Golden Knowledge (GK) Containers on Metaverse
  20. g-f(2)918 THE BIG PICTURE OF THE DIGITAL AGE (2/10/2022), Media, Nathan Chen brilliantly won the Olympic gold his talent deserved
  21. g-f(2)917 THE NEW WORLD NEWS (2/9/2022), geniouxfacts, The list of “genioux facts" of the day
  22. g-f(2)916 THE NEW WORLD NEWS (2/9/2022), geniouxfacts, Free bet, do you know how to value golden knowledge (GK)?
  23. g-f(2)915 THE NEW WORLD (2/9/2022), Forbes, Why Do Startups Fail And Can We Create An AI Formula To Prevent Failure? An Interview With Harvard Business School Professor Tom Eisenmann
  24. g-f(2)914 THE NEW WORLD NEWS (2/9/2022), geniouxfacts, 10 Golden Knowledge (GK) Containers on Digital Transformation (DT)
  25. g-f(2)913 THE NEW WORLD NEWS (2/9/2022), geniouxfacts, 10 Golden Knowledge (GK) Containers on Artificial Intelligence (AI)
  26. g-f(2)912 THE NEW WORLD NEWS (2/9/2022), geniouxfacts, 10 Golden Knowledge (GK) Containers on Metaverse
  27. g-f(2)911 THE NEW WORLD NEWS (2/8/2022), geniouxfacts, 10 Golden Knowledge (GK) Containers on Digital Transformation (DT)
  28. g-f(2)910 THE NEW WORLD (2/8/2022), Accenture, Fjord Trends 2022: The new fabric of life
  29. g-f(2)909 THE NEW WORLD NEWS (2/7/2022), geniouxfacts, The list of “genioux facts" of the day
  30. g-f(2)908 THE NEW WORLD NEWS (2/7/2022), geniouxfacts, 10 Golden Knowledge (GK) Containers on Artificial Intelligence (AI)
  31. g-f(2)907 THE NEW WORLD NEWS (2/7/2022), geniouxfacts, 10 Golden Knowledge (GK) Containers on Metaverse
  32. g-f(2)906 THE NEW WORLD (2/7/2022), Forbes, 6 Most Compelling Qualities Of Digitally Transformed Enterprises
  33. g-f(2)905 THE NEW WORLD NEWS (2/7/2022), geniouxfacts, 10 Golden Knowledge (GK) Containers on Digital Transformation (DT)
  34. g-f(2)904 Lighthouse of the big picture of the digital age (2/7/2022), Visionary and Foundational Facts from the Playbook for Successful Personal Digital Transformation (PDT)
  35. g-f(2)903 THE NEW WORLD NEWS (2/6/2022), geniouxfacts, The 10 most read "genioux facts" of the month
  36. g-f(2)902 THE NEW WORLD NEWS (2/6/2022), geniouxfacts, The 10 most read "genioux facts" of the week
  37. g-f(2)901 THE NEW WORLD NEWS (2/5/2022), geniouxfacts, The list of “genioux facts" of the day
  38. g-f(2)900 THE NEW WORLD (2/5/2022), Fortune, How Microsoft’s Satya Nadella rejected a ‘know-it-all’ mentality and became the world’s most admired CEO
  39. g-f(2)899 THE NEW WORLD (2/5/2022), Fortune, World’s Most Admired Companies
  40. g-f(2)898 THE NEW WORLD (2/5/2022), Financial Times, Satya Nadella: ‘Being great at game building gives us permission to build the next internet’
  41. g-f(2)897 THE NEW WORLD NEWS (2/4/2022), geniouxfacts, The list of “genioux facts" of the day
  42. g-f(2)896 THE NEW WORLD NEWS (2/4/2022), geniouxfacts, 10 Golden Knowledge (GK) Containers on Artificial Intelligence (AI)
  43. g-f(2)895 THE NEW WORLD NEWS (2/4/2022), geniouxfacts, 10 Golden Knowledge (GK) Containers on Metaverse
  44. g-f(2)894 THE NEW WORLD NEWS (2/4/2022), geniouxfacts, 10 Golden Knowledge (GK) Containers on Digital Transformation (DT)
  45. g-f(2)893 THE NEW WORLD (2/4/2022), Media, Amazon Profit Shows Resilience Even as Labor, Supply Crunch Weigh on Results
  46. g-f(2)892 THE NEW WORLD NEWS (2/3/2022), geniouxfacts, The list of “genioux facts" of the day
  47. g-f(2)891 THE NEW WORLD NEWS (2/3/2022), geniouxfacts, 10 Golden Knowledge (GK) Containers on Artificial Intelligence (AI)
  48. g-f(2)890 THE NEW WORLD NEWS (2/3/2022), geniouxfacts, 10 Golden Knowledge (GK) Containers on Metaverse
  49. g-f(2)889 THE NEW WORLD NEWS (2/3/2022), geniouxfacts, 10 Golden Knowledge (GK) Containers on Digital Transformation (DT)
  50. g-f(2)888 Lighthouse of the big picture of the digital age (2/3/2022), The big winners of the New World are insatiably hungry for golden knowledge (GK)
  51. g-f(2)887 THE NEW WORLD NEWS (2/2/2022), geniouxfacts, The list of “genioux facts" of the day
  52. g-f(2)886 THE NEW WORLD NEWS (2/2/2022), geniouxfacts, 10 Golden Knowledge (GK) Containers on Artificial Intelligence (AI)
  53. g-f(2)885 THE NEW WORLD NEWS (2/2/2022), geniouxfacts, 10 Golden Knowledge (GK) Containers on Metaverse
  54. g-f(2)884 THE NEW WORLD NEWS (2/2/2022), geniouxfacts, 10 Golden Knowledge (GK) Containers on Digital Transformation (DT)
  55. g-f(2)883 THE BIG PICTURE OF THE DIGITAL AGE (2/2/2022), Media, Google Parent Caps Blockbuster Year With Sales Gains
  56. g-f(2)882 Lighthouse of the big picture of the digital age (2/2/2022), How to learn fast when you have the “g-f Superpower”
  57. g-f(2)881 THE NEW WORLD NEWS (2/1/2022), geniouxfacts, 10 Golden Knowledge (GK) Containers on Artificial Intelligence (AI)
  58. g-f(2)880 THE NEW WORLD (2/1/2022), MIT SMR, Leading Disruption in a Legacy Business
  59. g-f(2)879 THE NEW WORLD NEWS (1/31/2022), geniouxfacts, The list of “genioux facts" of the day
  60. g-f(2)878 THE NEW WORLD NEWS (1/31/2022), geniouxfacts, 10 Golden Knowledge (GK) Containers on Metaverse
  61. g-f(2)877 THE NEW WORLD NEWS (1/31/2022), geniouxfacts, 10 Golden Knowledge (GK) Containers on Artificial Intelligence (AI)
  62. g-f(2)876 THE NEW WORLD NEWS (1/31/2022), geniouxfacts, 10 Golden Knowledge (GK) Containers on Digital Transformation (DT)
  63. g-f(2)875 THE NEW WORLD NEWS (1/31/2022), TechCrunch, Google to invest up to $1 billion in Indian telecom operator Airtel
  64. g-f(2)874 THE NEW WORLD (1/31/2022), Forbes, Microsoft CEO Nadella’s Brilliant Depiction Of The Digital Age
  65. g-f(2)873 Lighthouse of the big picture of the digital age (1/30/2022), Essential FACT 6: GKPath is the digital highway with no speed limit to grow
  66. g-f(2)872 THE NEW WORLD NEWS (1/30/2022), geniouxfacts, The 10 most read "genioux facts" of the month
  67. g-f(2)871 THE NEW WORLD NEWS (1/30/2022), geniouxfacts, The 10 most read "genioux facts" of the week
  68. g-f(2)870 The New World (1/29/2022), geniouxfacts, The "g-f superpower" is within everyone's reach
  69. g-f(2)869 "g-f" fishing (1/29/2022), geniouxfacts, 10 Golden Knowledge (GK) Juices on Metaverse
  70. g-f(2)868 "g-f" fishing (1/28/2022), geniouxfacts, 10 Golden Knowledge (GK) Juices on Digital Transformation (DT)
  71. g-f(2)867 "g-f" fishing (1/28/2022), geniouxfacts, 10 GK juices on Artificial Intelligence (AI)
  72. g-f(2)866 THE NEW WORLD (1/28/2022), Harvard Business Review, Celebrate to Win

• A list of relevant "genioux facts" that describe a "Classical CONTEXT" of the Digital Age
1. g-f(2)45 "The Big Picture of the Digital Age": Knowledge opens the way to staggering opportunities, risks and challenges
2. g-f(2)50 The Big Picture of the Digital Age: Mines of Golden Knowledge Growing Every Day
3. g-f(2)74 THE BIG PICTURE OF THE DIGITAL AGE: Rapid change, incertitude and disruption, in a hypercompetitive environment
4. g-f(1)28 The pyramid of knowledge of a “genioux fact”: From GOLD FRUITS to GOLD JUICES
5. g-f(2)51 The Big Picture of the Digital Age: The Value of Golden Knowledge is Relative
6. g-f(2)99 THE BIG PICTURE OF THE DIGITAL AGE, The “genioux facts”: Essential knowledge to unleash your limitless growth.
7. g-f(2)75 THE BIG PICTURE OF THE DIGITAL AGE: “Infinite Learners” to keep pace with change, incertitude and disruption, in a hypercompetitive environment
8. g-f(2)151 The Big Picture of the Digital Transformation, 3/1/2021, geniouxfacts, How To Succeed At Business Digital Transformation.
9. g-f(2)153 The Big Picture of Business Artificial Intelligence (3/3/2021) in a Single “g-f KBP” Chart
10. g-f(2)174 THE BIG PICTURE OF THE DIGITAL AGE (3/20/2021), geniouxfacts, Executive guide of golden knowledge to fire up your unlimited growth.
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