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The Changing Nature Of Work. Brief Audit Of Human Capital In Romania

Author

Listed:
  • Radu GHEORGHE

    (Athenaeum University, Bucharest, Romania)

Abstract

The new picture of a person’s life in the digital age assumes another philosophy of life, which practically cancels an important sequence with which we were accustomed: the educational cycle, the work cycle and the retirement cycle. The fact that the evolution of the technology will have a major impact on the way there we work and live has become a reality that we cannot longer ignore. More and more studies have lately analyzed the impact that technology will have on jobs in the near future. It is estimated that many of the skills sets associated with the future jobs will contain elements that are not considered “basic†today. There are analyzes that show that more than half of the children who begin their high school education today will have jobs that not currently exist. In these circumstances non-cognitive skills could to help individuals “to adapt better changing work and life environment†. It is clear that the future of human resources is a digital one. Which means that the labor market is within a fundamental change. The lack of skills for digital jobs will be a major impediment to the development of many companies in the future. Romania is currently in the top of the countries with the biggest discrepancy between the need for staff and the capacity to fill the vacant positions. Looking from this perspective how prepared is it? Does it have a strategy for the future concerning the development and training of the key personnel to cover the lack of skills from present?

Suggested Citation

  • Radu GHEORGHE, 2020. "The Changing Nature Of Work. Brief Audit Of Human Capital In Romania," Internal Auditing and Risk Management, Athenaeum University of Bucharest, vol. 57(1), pages 68-77, March.
  • Handle: RePEc:ath:journl:v:57:y:2020:i:1:p:68-77
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    More about this item

    Keywords

    analytical reasoning; artificial intelligence; cloud computing; critical thinking; DESI; digital skills; labor market; non-cognitive skills; unconventional patterns;
    All these keywords.

    JEL classification:

    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • F6 - International Economics - - Economic Impacts of Globalization
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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