The World Economic Forum released their annual Future of Jobs report.
The key findings make for interesting reading with no great surprises. The impact on technologies is high. Large corporates involved in the survey, predict 23% of jobs will be caught up in the 'churn' as some jobs become obsolete. However, the effect is for a net positive, i.e. that technologies will create more jobs than those which are lost. However, it is still up to the individual to re-train, move horizontally etc. to ride out the turbulence.
Greatest job growth is driven by technology, digitalisation and sustainability. Declining jobs are also affected by the same drivers and include clerks in data entry, ticketing, postal services, cashiers etc.
There is predicted large-scale growth in education, agriculture, digital commerce in trade. Analytical and creative thinking are now core skills. Also included are the self-efficacy skills - resilience, flexibility, agility, motivation and self-awareness, curiosity and lifelong learning. Dependability and attention to detail have risen into the top 10. Perhaps these reflect the post-pandemic era as people adjust to a new normal of physical engagement with workplaces after several years of 'work from home' arrangements and disruptions caused by illness.
Given the above, an estimated 44% of work skills will be disrupted in the next five years as increased need for cognitive skills grow. However, core corporate upskilling strategies are not aligned to these needs. Investment in learning and on-the-job training seen to be essential. With almost 1/2 of companies surveyed indicating the need to invest in skills training for their workers.
All in, the effect of AI's prominence and capability, signal the rapid change facing the current workforce. Companies with the means, and capability to advance, reap the immediate and future benefits.
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