Future Jobs to look out for in the coming years.
Technology is day by day becoming the way of life for each and every one of us. This is going to affect the employment industry in the near future.
We cannot simply dare to escape its existence, growth, and interruption in our lives are bound to increase.
This applies to our sources of income, and our daily jobs which have been fully revolutionized by technology. Most jobs that were manually done by hand have been replaced by machines reducing the manpower required.
Interestingly new jobs have also been created by technology, a good example is the taxi-hailing apps that have created employment for many.
According to a report by the World Economic Forum (WEF), released last week showed that technology adoption will kill 85 million jobs over the next five years. It will also create 97 million more jobs.
The Future of Jobs Report 2020 notes that the future worker will have to reskill to thrive as machines are expected to take up more work.
The rate of automation is set to shift human labor from the current 67 percent of work to 53 percent in 2025, with machines making up the difference. This shows that in the new future, some jobs will be long gone.
“By 2025, time spent on current tasks at work by humans and machines will be equal. Most companies also expect to make changes to locations, their value chains, and the size of their workforce due to factors beyond technology in the next five years,” the report says.
Some of the skills that will be critical to survival in a future job search are analytical thinking, complex problem solving, creativity, social influence, resilience, programming, and stress tolerance.
The future jobs that will be in demand in the next five years are data analysts and scientists, AI and machine learning specialists, data specialists, digital marketing and strategy specialists, and process automation specialists.
On average, companies estimate that around 40 percent of workers will require reskilling in six months or less. 94 percent of business leaders report that they expect employees to pick up new skills on the job. This is a sharp increase from 65 percent in 2018.
The WEF report adds that among those expected to see an upturn in job demand are business development professionals, digital transformation specialists, information security analysts, software and application developers, and internet of things specialists.
Those that are likely to see their jobs become obsolete are data entry clerks, administrative and executive secretaries, accounting, bookkeeping and library clerks, accountants and editors, and assembly and factory workers.
More who are likely to experience loss of their jobs in the future include business services and administration managers, client information and customer service workers, general and operation managers, mechanics and machinery repairers, and material recording and stock-keeping clerks.
Businesses that rely on people-centric skills, content writing, sales, and marketing will need one to two months to reskill their workforce in line with online demands. Those in product development, and data and AI skills will take two to three months.
Reskilling in cloud computing and engineering skills is expected to take four to five months.
Employed staff will need to place a larger emphasis on personal development courses. The unemployed individuals should emphasize learning digital skills.