The Jobs report is here. The World Economic forum (WEF) has published ‘The Future of Jobs Report 2025’ which reveals the scenario of the labor market within five years, which gives an insight to the jobs, skills and sectors. Growing digital access is key in reshaping the work dynamics, more than any other macro trend. The biggest impact will be of: Robots and automation, energy generation and storage technology, AI and information processing. Green transition, economic uncertainty, geo-economic fragmentation, and demographic shifts will further affect the labor market.
The report released is based on the survey of more than 1000 companies across the globe, that represent 22 industry clusters with more than 14 million workers in 55 economies of the world. It features list of fastest growing and declining jobs from now till the end of the decade. Let us have a look:
Fastest growing jobs
The fastest growing jobs in percentage terms are Big data specialists, Fintech engineers and AI and machine learning specialists, according to the surveyed executives. 86% respondents expect that AI and Information processing technologies will transform their businesses by 2030. Here is the list of the Top 15 fastest growing jobs in the world-
Because of the green transition, farm workers will experience the largest job growth, an addition of 35 million jobs is expected in the sector by 2030. Currently, there are 200 million jobs globally.
The fastest declining jobs
According to the report, 170 million new jobs will be created globally, displacing 92 million jobs. The rapidly growing digital access shall create 19 million jobs, at the same time replace 9 million by 2030. About 11 million new roles will be created by AI and data processing alone. Robots and automation are likely to displace 5 million jobs, more than they create.
There will be a major decline in various clerical roles, administrative assistants, printing workers, accountants and auditors. See the complete list of Top 15 fastest declining jobs by 2030-
The report also says that 39% of workers’ key skills is expected to change by 2030. And in the next five years, the technological skills will grow rapidly in importance than any others. From now, until the end of the decade continuous learning, upskilling and reskilling programmes will be prioritized by the employers to adapt to shifting job markets and technological advancement.
As much as the employers must be prepared with their strategies for the changes, the employees got to focus on their skill growth and continuous learning to stay relevant in the evolving era. To know more details, visit the WEF website with which you can know how to respond to the changing trends.
