Future of work

This report proposes a framework for a global skills taxonomy as part of WEF’s Reskilling Revolution to provide one billion people with improved education, jobs and skills by 2030. The proposed taxonomy draws on the European Skills, Competences and Occupations (ESCO) and American Occupational Information Network (O*NET) frameworks and integrates emerging skills and attitudes. To enable the agility required for the changing nature of work, stakeholders must adopt skills as the currency of the labour market. Skills-based recruitment will better enable employers to identify talent, while providing workers with the ability to transition better between roles and increase access to training opportunities. The proposed taxonomy emphasizes the value of a skills-based approach to reskill, upskill and redeploy workers. The taxonomy also comprises definitions, categorizations of skills clusters and groupings, recommendations for implementation and use cases on how reskilling has already been leveraged.