Yes. It has arrived. This is according to the recent report by World Economic Forum. It indicates that what used to be considered the “future of work” has already arrived.
The report predicts that by 2025, automation and a new division of labour between humans and machines will disrupt 85 million jobs globally in medium and large businesses across 15 industries and 26 economies.
So, what are the roles that are expanding in the work space? The report suggests automation and digitization in the workplace are increasing.
More than 80% of business executives are accelerating plans to digitize work processes and deploy new technologies; and 50% of employers are expecting to accelerate the automation of some roles in their companies.
By 2025, employers will divide work between human and machines equally. Roles that leverage human skills will rise in demand.
The tasks where humans are set to retain their comparative advantage include managing, advising, decision-making, reasoning, communicating and interacting.
There will be a surge in demand for workers who can fill green economy jobs, roles at the forefront of the data and artificial intelligence economy, as well as new roles in engineering, cloud computing and product development.
The report focuses repeatedly on reskilling and upskilling. In other words, those who are getting themselves ready for the new age job scenario.
According to The Future of Jobs Survey, core skills such as critical thinking, analysis and problem-solving are consistently top of the reskilling and upskilling priorities for educators and businesses. Newly emerging are skills in self-management such as resilience, stress tolerance and flexibility.
WHAT CAN YOU DO TO BE FUTURE READY?
Academicians feel that students who dropped out of admissions process last year made a mistake. Economy, we have seen in the past is subject to volatility. Ups and downs are a given. But it is better for students to enroll into a course than just wait around for the economy to recover.
No one can predict when the ‘recovery’ will happen? But those who are ready with skills, those who have the necessary training to be hired will find a job.
Every economic scenario throws something off balance. Simultaneously, it also throws new kinds of jobs that emerge in that particular situation. For example, look at how the digital disruption has created jobs at several levels which was unthinkable just 5 years back.
The smart way to handle the situation is to talk to counsellors and find out which is the best course for you, based on your acumen and the market situation. Talk to a career counsellor if you are confused – 18001202546
To deal with a tough scenario, find a way. Don’t just drop out of competition. Find a way to be future ready!