Skill Shift, Automation and the Future of theWorkforce,adapt to new skillsArtificial IntelligenceIT and programming skillssoft skills
- Retrain – Current employees will need to betaught new skills to prepare for the changing work environment,while new employees will be hired based on their potential to learnin-demand skills.
- Redeployment – Employees with specific skillscan be shifted to new roles or have their roles redefined to betterserve the company's needs.
- Hiring – If retraining and redeployment aren'tenough to cover the needed skills, hiring with a specific skillsetin mind will become necessary.
- Contracting – Bringing outside temporaryworkers allows companies to rapidly ramp-up their needs andintellectual capacity.
- Releasing – Reducing the workforce or freezinghiring allows normal attrition and retirement to occur, withthe ultimate goal of accelerating workforce transition into the neweconomic challenges
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