You’ve probably heard of the well-known phrase FOMO, which stands for the Fear Of Missing Out. It captures the sense that others are discovering new opportunities and living a more satisfying life while one feels left out, which can create a strong urge to remain connected with their social media and be updated about their lives. But have you come across the concept of FOBO, or the Fear of Becoming Obsolete?

According to a recent survey, 22% of American employees are concerned about the potential obsolescence of their jobs due to rapid technological advances. This apprehension is supported by the fact that 72% of Chief Human Resources Officers (CHROs) from Fortune 500 companies anticipate that artificial intelligence (AI) will lead to job displacement within their organisations in the coming three years.

Consequently, a significant number of employees are experiencing FOBO. But, what exactly is FOBO? Is there a way to overcome this issue? Let’s explore the infographic below to find out more.

Undoubtedly, change is inevitable. Whether you acknowledge it or not, technology will continue to evolve and certain skills are going to be irrelevant. Simultaneously, new opportunities are developing just as rapidly. Thus, it is important not to succumb to fear. Those who keep their curiosity alive, maintain a growth mindset, improve their soft skills, and pursue lifelong learning are likely to be the future workforce, becoming indispensable rather than obsolete.

Interested in ensuring that your company does not fall victim to FOBO?

At SSA Innovations, we assist businesses in leveraging technology to reimagine their processes, achieve sustainable growth, and enhance experiences. Our goal is to empower the entire workforce to unlock their human potential and become future-ready. Let’s do great things together. Contact us today!