Aboutthe campaign

Korn Ferry’s Future of Work program of research seeks to assist organizations with their planning and execution in an uncertain future, so leaders can successfully deliver on their strategies even in an uncertain future of work.

Aboutthe campaign

Korn Ferry’s Future of Work program of research seeks to assist organizations with their planning and execution in an uncertain future, so leaders can successfully deliver on their strategies even in an uncertain future of work.

The future of work

Korn Ferry’s award-winning first study into the future of work found that while leaders have bet heavily on technology for future growth – 67% of CEOs believe technology will be their chief value generator in the future of work – in economic terms human capital will generate more than twice as much value. Human capital is projected to add $1,215 trillion to the global economy, whereas physical capital (including real estate, inventory and technology) is only set to add $521 trillion in the future of work. Learn more in our first report, The Trillion-dollar Difference.

Our next study, The Global Talent Crunch shows that although people are organizations’ greatest value creator in the future of work, there may not be enough talent to go around as soon as 2020. By modeling future labor supply and demand we discovered organizations and governments are facing impending skilled talent deficits. We researched the extent of the talent shortfall in 20 major economies at three milestones: 2020, 2025, and 2030. Using economic modeling, we focused 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 examined the remainder of each economy. Using level of education as a commonly accepted proxy for skills, and taking into account forecasted productivity gains, the study uses available data to forecast shortages for highly-skilled, mid-skilled, and low-skilled workers to reveal the extent and severity of the global talent crunch.

Forthcoming research in Korn Ferry’s Future of Work program includes:

  • The impact of skilled talent shortages on organizations’ wage bills: Will leaders face a salary surge in the future of work? Using Korn Ferry’s proprietary global pay database, the world’s largest management database on pay, we will examine how acute talent shortages will impact the cost of workforces, and how leaders can mitigate the risk.
  • What leaders are doing to prepare for the global talent crunch: What actions are strategic leaders already taking to soften the talent crunch in their sector, and what specific skills do they need to fulfil their growth ambitions in the future of work?
  • How should the next generation prepare for the future of work? Global educational development is not keeping pace with business needs in the world of work. How should governments, organizations and individuals ensure the skills people have meet business’ strategic needs in the future of work?

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The full report

To receive The Global Talent Crunch report as a PDF please click on the button below and enter your details.

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The full report

To receive The Salary Surge report as a PDF please click on the button below and enter your details.

Download
The full report

To receive The Talent Shift report as a PDF please click on the button below and enter your details.

The future of work