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  "documentTitle": "From Threats to Impact Asia-Pacific",
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  "notes": "Includes a comparison table (Table 2) contrasting past and future jobs.",
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      "text": "The emphasis is no longer on filling a role, but on finding the right “skills”.",
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      "text": "As traditional business models break down, the conceptualization of \"employment\" and \"jobs\" has also changed. According to recent research from Mercer and Oliver Wyman, the role-based conceptualization of \"jobs\" which once entailed a fixed role with predesignated accountability and output tied to a fixed set of skills in a hierarchical organization, is increasingly making way for a new arrangement. In this new arrangement, the focus is on harnessing diverse skills and knowledge in a project-based setting. Accordingly, businesses' talent demands have also changed. The emphasis is no longer on filling a role, but on finding the right \"skills\" (Table 2).",
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      "text": "While the lack of technical skill is a serious problem, it is but a small aspect among other wide-ranging effects of continued fast-paced technological advancement. Hyper-connectivity and emerging technologies brought about by the Forth Industrial Revolution (4IR) are disrupting old business models and fundamentally changing how businesses are conducted. Key examples include the rise of the \"gig economy\", the emergence of fintech, and potential applications of blockchain technology.",
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      "text": "Two other effects of technological advancement are worth noting here. The first is how technological platforms have augmented the connection between employers and candidates, enabling them to access a wider talent pool outside traditional work arrangements – such as gig-employees and crowd sourcing. In this manner, technology is indeed not just performing work, but is broadening access to it as well.",
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      "text": "Second, the injection of technology into work, as evidenced by the ongoing digitization of the workplace, will not only necessitate an upskilling of the workforce, but also a more comprehensive job redesign to facilitate this integration. Consider, for example, the increasing application of automation and AI technology across different industries. As many tasks are now automatable, jobs will correspondingly need to be designed around higher-valued work, where machines are enabled to augment human decisions.",
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      "text": "Technological advances and their applications in work have necessitated the acquisition of new technical skills with which education systems have struggled to keep pace. For example, businesses' day-to-day operations now not only require basic computer literacy, but also a general competence in ICT; and other higher-level skills such as those in the fields of data science and analytics too are increasingly becoming a crucial requirement for organizations. The supply of these skills, however, remains limited in Asia-Pacific.",
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      "text": "Source: Adapted from \"Delivering the Workforce of the Future\", Oliver Wyman and Mercer 2018",
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      "text": "THE IMPACT OF RAPID TECHNOLOGICAL CHANGE",
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