She redesigns operating models, increases operational efficiency and effectiveness, and improves customer journeys by applying digital, analytics, and process-redesign principles. In addition to her client work, Kweilin is a McKinsey Global Institute Council member, which provides expert input for MGI's research on global economic, business, and technology trends. Other areas of focus include: women in STEM, accelerating gender equality through investment strategies, women in leadership, and the future of work. Here, she shares what to expect in a post-COVID-19 work environment.
What trends will persist beyond COVID-19?
During COVID-19 and beyond, we've identified three broad groups of trends that we think will persist. These trends existed before COVID-19, were accelerated by the pandemic, and will continue moving forward. The first is automation and AI. The second is working remotely. The third is e-commerce and virtual transactions. All three of those trends will change the future of how we work and live.
How will automation change the nature of work?
Automation is completely changing occupations and the skills underlying those occupations, and COVID-19 is accelerating those changes. COVID-19 takes on a unique angle by affecting jobs with high physical interactions much more than other jobs.
How are job opportunities going to shift as a result?
There will be a lot of growing and shrinking of jobs. Overall, the good news is that there will be more jobs in the future than there are now. But the occupations, the nature of those jobs, and the skills required to do those jobs will change dramatically.
We can see examples of that in the healthcare and food industries. Health care aides and professionals will gain about a million more jobs than we initially projected before COVID-19. As opposed to food services who will lose about a million jobs due to restaurants hiring fewer waiters and waitresses.
What skills will be most needed in the future?
Through McKinsey Global Institute, we did a very detailed model of 800 different occupations and the underlying skills within each of those occupations. We found that over the next 10 years we're going to need a lot less physical and manual skills, and a lot more technical, social, and emotional skills.
An example of a technical skill is coding and using technology to monitor a manufacturing line. Social and emotional skills involve reading human reactions and responding appropriately. Shifting to more intellectual and emotional skills from physical and basic cognitive skills will lead to a lot of displacement.
How has COVID-19 affected different groups differently?
In our research, COVID-19 affected three groups disproportionately.
What companies are good examples of rescaling their practices?
Walmart has invested $4 billion in upskilling $1 per day for those in college, making higher education accessible for all of their workers. We also see companies like Google, IBM, and Hilton saying they no longer require a college degree for their recruiting process. Google has also launched a six-month coding program that's quite affordable. Starbucks has expanded its care program and subsidized childcare. And many companies have started to invest much more deeply in mental health support.
Women are getting more educated and entering the workforce in ever-larger numbers. Are there choices we are making that predetermine our ability to succeed?
There are a few answers to this question.
What can companies do to better support women in their workforces?
I wish more companies would do a full review of benefits and think more holistically about care. Holistically expanding support, both in childcare and mental health, is a critical action. If you compare our family leave policies in the United States to any other developed country, we are woefully behind. We have a long way to go, it'd be ideal to have changes made at the federal or state level, but we can start at the employer level.