Investing in future skills, starting today

BMO prioritizes employee learning to keep pace with changing world of work
By Gina Jeneroux
|Canadian HR Reporter|Last Updated: 08/29/2019
Lady smiling in front of laptop
At BMO, a focus on dynamic learning and development began a generation ago. Credit: BMO

Over the next 10 years, the world of work will shift in dramatic ways. Changing workforce and customer demographics, rapidly evolving technology, increased expectations and new market entrants will disrupt traditional business models and create opportunities and challenges in every industry.

Countless studies predict the impact of the changing landscape. For example, the World Economic Forum expects that by 2022, 75 million jobs around the world will be vulnerable to disappear through the rise of artificial intelligence (AI), the internet of things (IoT) and big data — while 133 million new jobs will grow out of these same technological advances.

Skills are emerging as a new currency for the new world; however, companies’ efforts to develop cutting-edge skills will struggle to keep pace. In fact, research firm Gartner predicts that 30 per cent of tech jobs will be unfilled by 2020 as a result of digital talent shortfalls.