The top 10 skills that will be in demand by all employers by 2020
Reuters/Robert GalbraithEmployees chat at the new headquarters of Facebook in Menlo Park.
In fewer than four years, employers will seek employees with very different skill sets than they do today.
In fact, on average more than one third of the desired skill sets of most occupations will be comprised of skills that are not yet considered important to the job today, according to a recent report from the World Economic Forum.
The report, called “The Future of Jobs,” surveyed executives from more than 350 employers across nine industries in 15 of the world’s largest economies to come up with predictions about how technological advancements will force the labor markets to evolve.
Here’s a look at the top 10 skill sets respondents said will be most in demand by 2020.
10. Cognitive flexibility will continue to be an important skill.
Cognitive flexibility is the ability of being able to think about multiple concepts simultaneously.
It wasn't even a skill in demand in 2015, but will become more important during the next four years.
According to the report, respondents said that a wide range of jobs will require a higher level of cognitive abilities—which include creativity, logical reasoning, and problem sensitivity—as part of the core skill set.
"The reason is that computers are still very poor at simulating human interaction. Reading the minds of others and reacting is an unconscious process, and skill in social settings has evolved in humans over thousands of years. Human interaction in the workplace involves team production, with workers playing off of each other’s strengths and adapting flexibly to changing circumstances. Such nonroutine interaction is at the heart of the human advantage over machines," the paper states.
7. Judgment and decision making will become a highly desired skill.
Judgment and decision making was ranked as the 8th most in demand skill in 2015, but it will move up to the 7th spot by 2020.
This particular skill set is considered a "system skill," which is the ability to analyze data to be able to make decisions.
As organization increasingly collect more data, there will be a greater need for employees who have the ability to analyze data and use it to make decisions.
6. Emotional intelligence is another social skill that will be in demand.
Robots may be able to do a lot of jobs, but they still can't read people the way other humans can, at least not yet.
That is why it will become more important for employees to have a higher level of emotional intelligence. The ability to be able to be able to be aware of others' reactions and to understand why they react certain ways will become a necessary skill for workers by 2020.
5. Coordinating with others is another thing robots haven't perfected yet.