Is SA doing enough to prepare its workforce for the future of work?

South Africa, with a youth population of 20.6 million making up 35.7 percent of the country's total population, is facing the pressing challenge of preparing its workforce for the future of work. The unemployment rate in the country has recently reached its highest level since 2003, signaling a critical need for upskilling and reskilling efforts. With many Africans lacking the necessary skills to meet the demands of the Fourth Industrial Revolution, the question arises: Is South Africa adequately equipped for the impending changes in the job market? Deon De Swardt, Principal Consultant at Mercer, joined CNBC Africa to shed light on this important topic. De Swardt acknowledged that there is no 'silver bullet' solution to the issue of unemployment. He emphasized the importance of collective efforts from various stakeholders, including companies and the government, to address the skills gap and adapt to the changing nature of work. Despite widespread discussions about the future of work, De Swardt noted that there is still room for improvement in both company and government readiness. He highlighted the essential role of building digital skills and emphasized the need for a collaborative approach to tackle the challenges ahead. One key aspect highlighted by De Swardt is the need for organizations to understand the impact of the Fourth Industrial Revolution on their operations. He recommended that companies start planning for the integration of technologies like artificial intelligence and robotics by assessing the potential job disruptions and identifying the skills required for the future. De Swardt's insights underscored the urgency for proactive measures to adapt to the rapidly evolving job market. The discussion also touched upon the gig economy and the shift towards flexible work arrangements. De Swardt pointed out the growing trend of gig workers who prefer flexible employment over traditional roles. He emphasized the importance of reevaluating labor laws to accommodate this shift and facilitate a more dynamic workforce. Additionally, De Swardt highlighted the significance of investing in relationship-based skills and managerial roles, which are expected to see a rise in demand amid technological advancements. Reflecting on the mining industry as an example, De Swardt encouraged companies to adopt a forward-thinking approach to workforce changes. By anticipating future disruptions and investing in relevant skills, organizations can better prepare for the evolving job landscape. While acknowledging the current challenges in the education system's alignment with future job requirements, De Swardt stressed the shared responsibility of the government and the private sector in addressing these issues. In conclusion, De Swardt emphasized the need for a joint effort between companies and the government to bridge the skills gap and adapt to the changing nature of work. The shift towards a more technology-driven and flexible work environment requires proactive measures and a concerted focus on upskilling and reskilling the workforce. As South Africa navigates the challenges posed by the Fourth Industrial Revolution, collaboration and strategic planning will be key to ensuring a smooth transition into the future of work.