Singularis Group is a dynamic World of Career Network, engaging with stakeholders to understand current realities and emerging trends.

The concept of work is rapidly changing. The average job lifespan and the half-life of skills are shrinking, driven by technological advancements and shifting societal values. Demographic shifts are also reshaping career choices and influencing work-life balance.

1. 100-Year Life:

   The traditional 3-stage life model (education, work, retirement) is evolving into a more fluid and unpredictable career path. Individuals are now expected to adapt continuously throughout their careers (PwC).

2. Skill Relevance:

   The number of skills required for a job is increasing by 10% annually, with 30% of skills from three years ago now obsolete. This trend highlights the growing importance of continual skill enhancement (Gartner).

3. Shortened Skill Lifespan:

   The average half-life of skills has dramatically decreased from 30 years to just 6 years, making constant reskilling a necessity
   (World Economic Forum).

New work models like freelancing, remote work, and hybrid arrangements are becoming standard. Companies are learning to be more agile, working with distributed teams, and scaling operations to meet changing demands. This is the future of work.

1. Gig Economy:

   The rise of freelance work is driving demand for new skills and greater adaptability in the workforce.

2. Remote Work:

   The shift towards remote work is placing increased importance on digital communication and collaboration tools.

3. Hybrid Work:

   A blend of in-office and remote work is becoming the standard working model.

4. Skills-Based Hiring:

   Employers are increasingly valuing skills over formal education, leading to more inclusive and diverse workforces.

5. Lifelong Learning:

   Continuous skill development is crucial to maintaining relevance in a competitive job market.

The global employment landscape is undergoing significant transformation, driven by policy changes, technological advancements, and demographic shifts.

1. Global Job Creation:

   With supportive green economy policies, global job creation could reach 24 million by 2030 (ILO).

2. AI's Economic Impact:

   AI is projected to contribute $15.7 trillion to the global economy by 2030, with major benefits expected in China and North America (PwC).

3. Reskilling Necessity:

   By 2030, 375 million workers worldwide may need to reskill or upskill to stay competitive (McKinsey & Company).

4. Africa's Workforce Growth:

   Africa's workforce is projected to grow by 800 million by 2050, becoming the largest globally (World Bank).

5. Demographic Shifts:

   Changing demographics are significantly impacting career choices and approaches to work-life balance.

The rise of online platforms is revolutionising education and skill development, breaking down traditional barriers to knowledge and access.

1. Online Education:

   The expansion of online learning platforms is making education more accessible and flexible.

2. Personalised and Adaptive Learning:

   Customised learning experiences are becoming more common, allowing individuals to learn at their own pace and style.

3. Skill-Based and Competency-Based Education:

   There is a growing focus on education models that prioritise practical skills and competencies over traditional academic credentials.

4. Micro-Learning and Credentialing:

   Bite-sized learning and micro-credentials are gaining popularity, allowing individuals to continuously update their skills.

5. Immersive Learning:

   Emerging technologies like AR/VR are enhancing the learning experience, providing immersive and interactive educational opportunities.