First, an admission. We are not going to the WBEF. That’s not because we don’t want to or that the subjects and speakers are boring: it’s simply because it’s in New York (13th to 14th May should you wish to go) and therefore out of our price range (unless they let us travel in the hold).
The subjects and speakers, in fact, are anything but boring. Moreover, it’s not necessary to travel to the States to take part in at least a few of the sessions. Some of them will be webinars, such as this one, on the subject of “The business case for implementing a natural capital strategy.” In line with our previous blog, on the importance of recruiters knowing their market, you can be sure that some of the Peace team will make time to watch this.
On the WBEF website you can also see previous webinars, such as this fascinating one on Blockchain, a subject we too have written about on our blog. It is also worth signing up for briefings via the Newsletter.
At the Forum itself, there is a host of papers on a wide range of challenging subjects, from how tech is redefining the art of valuation to how investment managers are beginning to factor climate risk into their investment strategies.
There is also a host of interesting articles online, on a wide range of subjects. We were particularly keen to read one on the impact of algorithms and AI, which prophesies that the actions taken so far are only the first steps to a world where AI might dominate much of human life and work and that consequently it will be vital that we need to strike the right balance between optimism and fear.
Fear, of course, comes from the likelihood that technology will have a major effect on jobs. According to the World Economic Forum's 'Future of Jobs' report, almost two-thirds of those starting primary school this year will ultimately end up working in job types that currently do not exist. In other words, while AI may remove some jobs, it will probably create a lot more. We can think of this in two ways: either that it’s all about loss and how to mitigate it, or it’s about change and opportunity. The entire focus of the RICS WBEF is on the latter. We think they are right. The world of jobs is changing and recruitment companies like Peace need to be ahead of the game. Which is where we intend to be…
Nicola Monro, Senior Manager, Peace Recruitment