Talk about the disruptive Fourth Industrial Revolution leaves many feeling helpless, as they picture a workforce overrun with robots - and the picture painted by the annual WEF Gender Gap Report is even more gloomy. Fear not though as Ayanda Seboni, group executive of brand, marketing and communications at PPS, shares ways for females to stay relevant and effectively future-proof their career.
PPS, the financial services company focused on graduate professionals, says the Fourth Industrial Revolution is well and truly here, and those without the relevant skills for the future workplace are at risk.
That’s neither fake news nor a scare tactic, as the most recent version of the WEF Gender Gap Report - released at the end of each year, so we are still working on 2017's figures - shows 5.1m jobs will be lost between now and 2020, with the potential knock-on effect that the economic gender gap will potentially widen beyond the current 40%.
The World Economic Forum's most recent Global Gender Gap Report concludes that the gender gap in pay, participation and leadership is widening for the first time since 2006 after a decade of slow but steady progress...
So it’s certainly time to scramble and upskill yourself to stay relevant, especially as the WEF Report adds that women are under-represented when it comes to jobs which are expected to have the most growth in the next five years.
But all is not lost. Here, Seboni explains the effects and opportunities the Fourth Industrial Revolution presents, particularly for women…
Let’s start with the context of the Fourth Industrial Revolution. What does this mean in 2018?
Words such as “disruption”, “disruptive innovation” and “exponential technologies” have become a normal part of business jargon in the recent past. Few businesses these days go away on strategic off-sites without talking about possible disruption, about new markets and value networks enabled by new technologies, and what this means to the future of their organisations.
But what is true for businesses is also true for professions. New technologies are affecting every known profession.
It is pushing us to think differently about careers, to remain eternal students. Old ways of doing things, indeed, certain jobs, become extinct and new jobs and possible careers are created. It’s uprooting the way we think and behave, day-to-day.
The opportunities for innovation have never been greater. We’re experiencing a shift from an economic model based on scarcity to one of abundance, where the professionals who seize the leading-edge tools available to them can jump ahead of the curve.
Honing in on that aspect, which specific skills do we need to work on today to ensure relevance in the future workplace?
As professionals in an ever-changing world, we essentially need to future-proof our careers. We have jobs today that we had never even heard of 20 years ago, and some of the jobs we have now will not exist in 20 years’ time.
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It’s therefore imperative for us to do four things:
Explore how the convergence of different industries will affect your profession. Anthropologists are now working in the marketing research space in order to help us understand consumer behaviour, meaning they have to collaborate not only with marketers but psychologists and economists too.
Embrace the age of technology, because it affects everything, not just how we work but also how we play, eat and travel.
Start exploring the mission and purpose of what you do – that will drive how you adapt your career to be relevant in years to come.
Develop an entrepreneurial mindset and treat your career like a startup that needs to consistently innovate to stay relevant.
Elaborate on the WEF Gender Gap Report and the implications of this for female workers.
Although the report shows that all the world regions have recorded a narrower gender gap than they did 11 years ago, there is still much that needs to be done by corporates and government to accelerate progress and gender parity in the areas of economic participation opportunity, educational attainment, health and survival, and political empowerment.
We need to give women more challenging jobs and for them to understand the skills required to succeed.
This also presents an opportunity for women to create new career paths and differentiate themselves. It’s important that businesses recognise that tackling barriers to equality can unlock new opportunities for growth, which will only be achieved through collaboration and a holistic approach from the top.
At PPS, we are dedicated to raising the number of female graduate professionals by deliberately including them in our Bursary Programme and Graduate Programme, both run by the PPS Foundation.
Fantastic. What else can companies and brands of today do to better balance the outcome?
A deliberate effort is required by companies to interrogate their own people practices and pay gaps when it comes to men and women. People-centred work practices are important in building equal societies.
A white paper published by Yellowwood, called the Female Equation, demonstrates how women are better for business.
There has been a significant increase of women working in digital or technology-related roles, yet we're still to see a sizeable shift of females who are rising to senior positions or starting their own companies...
Ayanda Seboni, group executive of brand, marketing and communications at PPS
When you’re given a seat at a table, own it in full, own your voice and share your perspective. Often, it’s not an angle most men have thought about, but if it’s a good idea they will listen to it.
Don’t be afraid to make yourself heard, especially if it’s something you feel passionately about. Speak for your work and don’t expect it to always speak for you.
Women are the most committed and diligent workers, and tend to be deeply hurt when the rewards associated with their efforts are not recognised.
Your work is impressive yes, and it ‘speaks for itself,’ but speak about it and tell people what you have achieved. Also, tell them the expectations you have. Men speak directly about their salary and bonus expectations, whereas women tend to be coy and secretly resent unfair treatment.
Lots to think about as we get deeper into the disruptive Fourth Industrial Revolution. Click here for more on PPS' commitment to female empowerment in the workplace, and follow PPS’ Twitter and Facebook feeds for the latest updates.
Leigh Andrews (@leigh_andrews) AKA the #MilkshakeQueen, is Editor-in-Chief: Marketing & Media at Bizcommunity.com, with a passion for issues of diversity, inclusion and equality. She's also on the Women in Marketing: Africa advisory panel, was an #Inspiring50 2018 nominee, and can be reached at ...
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