Sometimes it is the basics that matter most. The World Economic Forum (WEF) recently published its A Global Taxonomy, Building a Common Language for Skills at Work. It does nothing less than outline the skills, attitudes and abilities required for the future of work.
The WEF estimates that 50% of all employees will need new skills by 2025!
The Global Taxonomy is a valuable resource to support the “Reskilling Revolution” they envision and that will be more successful if done in a conscious way, guided by thought leadership such as this.
In Ethical Business Practice and Regulation, we highlighted the need for regulators to develop new skills. As clipboard tick-the-box-compliance is shown to be largely ineffective and beyond the resources of most global regulators, a more mature risk based approach must emerge. Regulators who can assess culture and work in a more cooperative way with those organisations who demonstrate a commitment to an ethical culture will be more successful. Regulators and businesses share a common goal: successful businesses in well functioning markets contributing to social well being and net zero goals.
The WEF recognises certain attitudes that underpin these common goals including:
Ethical Leadership: Carrying out workplace activities according to accepted principles of right and wrong, including fairness, transparency and impartiality in work practices and conduct towards other people. — Source Industry and learning provider consultations.
Building Trust: Creating a culture that enables team members to rely on each other.Explore the interactive taxanomy at reskillingrevolution2030.org/
Now if you would like to learn more about how regulators can begin their own reskilling revolution, then ping me.