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Knowledge as currency - an industry thought event

In the emerging world of work, knowledge will be currency, soft skills will be more highly sought after, as many as 50% of current jobs will not exist in 20 years and today’s teenagers will likely navigate 17 employers and five careers in their lifetime.

These are some of the key points from an industry thought event held on July 30 at Melbourne’s The Capitol, hosted by LinkedIn, RMIT University and ACMI and attended by 500 interested in hearing about the trends and disruptions impacting workplaces.

Data presented at the event identified an ongoing move away from manufacturing and agriculture to service-based industries (including health care and social assistance) while reports from Deloitte and PWC show two out of every three jobs by 2030 will be soft skill intensive.

These shifts have combined to make human, business and digital skills “foundational for the new economy”.

RMIT Vice-Chancellor and President Martin Bean CBE said knowledge had already proven to be valuable currency in the employment market and this trend will continue into the future.

“We’re in a new world where we need to learn across our lifetime and develop our own knowledge portfolio that represents our whole self to the world of work,” he said.

“Our micro-credentials are being embraced by students allowing them to formally recognise the human skills and competencies alongside degree learning.

“We’re supporting the shift from certificate to portfolio learning by partnering with industry and giving everyone a way to come back and top up their skills.”

LinkedIn Asia pacific Senior Director Jason Laufer, explained rage company used 1.3 trillion bytes of data from its 650 million members to predict future workplace trends.

“Roughly 65% of jobs for the next generation don’t exist today but focusing on soft skills will help you get the hard skills,” Laufer said.

“Our biggest learning adventure is to ‘unlearn’; getting rid of our biases to learn new things.” ACMI Director and CEO Katrina Sedgwick said it was this process of “unlearning” which would prove critical for future jobseekers.

“We need to ensure young people are being trained for the new reality,” Sedgwick said. “Successful screen and media production students will find themselves applying their skills on different platforms, to new audiences and industries like mining, gaming, defence and aged care.”

She continued saying that this meant there was a very real need to bring the Arts to Science, Technology, Engineering and Mathematics (STEM) disciplines.

“We have to drive an agenda of STEM,” she said. “Breaking down barriers and recognising the value that creative experimentation and innovation can bring is vital.”

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