With the transformation of the business, economy, and employability factors, the future of work has been passing a significant drift. There are several facts to know about future jobs. People need to know some career facts, how technology, data science, and other issues will change the future of work. This article intends to share 16 facts for everyone to know about future jobs.
At the same time, demographic variables and increase, need for the consumers, and the influence of technological boom has caused the future of job a reality for millions of workforce and business organizations around the globe.
The need for accepting the change, as well as keeping pace with the transition, which is further overwhelmed by the need for skills, experience, and self-development initiatives has forced the job seekers and employers to accommodate.
As per the source, in April 2010, there were 2.37 people per job.l in the U.S. In 2016, the statistics were 2.23 people per job.
Future job trends
Following is a prediction on what need to know about the future job patterns, to keep pace with them.
The process of automation will be found more different in different industry sectors. The adoption of new technologies will be continued in various industries. Automated software, gadgets, and apps will be dominating the working environment in the organization.
2. Technological boom
Technological appliances, innovative tools, gadgets, accessories, and approaches have been continuously bringing attracting corporate houses. Machine learning augmented and virtual reality have got momentum for considerable business investment around the rich countries
The machine will begin to work on reasoning and decision-making, administrative, information search, communicating, interacting, coordinating, managing, and advising.
Robots will take place of many manually some jobs before. Artificial intelligence will be controlling production, supply chain, and manpower mobilization in corporate organizations. Different types of robots like, stationary robots and movie robots are getting popular day by day.
High-speed internet has already in its action since the last two decades. The situation will be leapfrogging day by day. High-speed mobile internet has brought networking and connectivity cheap and accessible to major communities.
5. Population surge
As per statistics, in May 2016, there were 151 million employed people among the 253 million in the U.S. that made up the civilian noninstitutional population. The employment-population ratio was 59.7 percent. There were 7.4 million unemployed people in May 2016. The civilian labor force (the number of employed plus the number of unemployed) was 158 million. The unemployment rate (the number of unemployed divided by the labor force, expressed as a percentage) was 4.7 percent.
An statistics reveal, in April 2010, about 130.1 million nonfarm payrolls were available in the U.S. In the 2016 July report, there were 144.4 million. Hence, 14.3 million jobs had been added to the economy over that specific time span, whereas the total population has grown by 15.4 million.
On average, 205, 300 jobs are required to be created every month just to keep up with population growth, It is estimated just by keeping the unemployment situation constant.
With its vast influence, digitization will encompass the working force to adjust to it. Big data analytics, cryptocurrency, and cloud technology are set to mobilize a complex and unpredictable new world of work.
With the openness of information, companies will be facing more challenges in upholding their data security. Workforce experts in cybersecurity will be on-demand with high salaries amid all its transformation. Companies will be more concentrating on their security system, which will enable them to rely on cybersecurity experts and policies. Occupations such as Data Analysts, Software, and Applications Developers will be on the rise.
As per the statistics, 24% of the U.S. people in 2010 were under 18, which was more than 74 million people. Millions of them have since included in the labor force. Millions of youth who were then in the teenage, in their twenties, and in college or grad school now accomplished their education and skills development.
These millennials have rushed to the job market is very large ratio. Many more non educated skilled and unskilled workforce is also in the streamline. Millennials are now in the job with their different style of professionalism, interest, and speed.
10. Baby boomers
The US Census Bureau estimates that the birthrate (2016) was 8.6 per minute, where 4.6 people died that time every minute, plus 2 inbound immigrants (“net”) per minute, that in total get nearly 6 folks every minute. Upon maturity, every one of them is added to the labor force, whereas the baby boomers are still fit, energetic, experience and healthy which don’t encourage them to retire.
9. Industrial Revolution 4.0
Disruptive technologies will radically transform the workforce of the Fourth Industrial Revolution.
By 2020, the 4th IR will exhibit high tech robotics and advanced transport, as well as artificial intelligence, emotional intelligence, machine learning, advanced materials, medical, biotechnology, and genomics.
The burning need for a change of skills and exceptional talent, creativity, productivity, ability to crash barriers will be able to develop quality genius through the intensive process of collaborative learning. Bypassing the formal PSET system, a new way of learning and training is in action to produce future-focused skills.
The affluence of e-commerce industries has transformed the physical existence of business, as well as real office staff. Instead, online shop, controlled by virtual offices, dbots, and employees has set a craze for the workforce. Future e-commerce trend is really surprising.
Occupations such as E-commerce and Social Media experts will significantly be risen up depending upon the technology.
11. Openness of Information
We live in an era of collaboration and sharing. The information has been valuable, and it has been open through the internet. When you have information, and also, have access to it, you will be mighty with respect to business, strategies, and professional life.
This availability of the desired information and facts has shifted the challenges of future workforce by collaboration, sharing, innovation, responsiveness, and collecting feedback.
12. Job disruption and transformation
Emerging professions are predicted to grow from 16% to 27% by 2023. On the other hand, jobs that have technological obsolescence will be declining from 31% to 21% by the same time.
It is estimated that more than 75 million current job positions might be null by the drift in labor between humans, machines, and algorithms. On the contrary, more than 133 million new job roles might be existing by 2023.
13. Human jobs
Many jobs that require human qualities role will also be in action.
Jobs like Urban Planner, Customer Service Professionals, Tech professionals, Sales, and Marketing Workers, Energy experts, Training and Development, Strategic Planner, People and Culture, software engineers, Organizational Development Specialists, Aviation professionals, Innovation Managers, Medical and nursing, etc. will still be available for the eligible workforce. It is one of the significant facts to know about future jobs.
14. Transformation of labor
In the coming days, a division between humans being, robots (machines), and math (algorithms) will be shifting drastically.
A source says, 71% of total work hours are currently covered by humans workforces. The rest 29% of jobs are completed by machines, emotional intelligence, or algorithms as a whole.
By the next five years, this average is projected to be transferred up to 58% task hours to be accomplished by the human’s workforce, and 42% to be completed by machines, emotional intelligence, or algorithms.
By the year 2022, more than 62% of companies will greatly be depending upon the machine for accomplishing data processing, information search, HR and transmission, etc.
15. New skills for new tasks
It will be a very significant challenge for human beings to acquire new skills that might be useful to keep pace with the imminent changes for future jobs. There will be a greater drifting in skills requirements by the next five years.
Apart from skills stability as it is now, professionals will find an average transformation of 42% in required workplace skills by 2022. You have to Improve your top soft skills that employers will look for in the future.
Skills in demand for future
- Analytical thinking
- Active learning
- Technology design
- Social skills
- Technology competency
- Proficiency in new technologies
- Originality and initiative
- Critical thinking
- Negotiation will
- Attention to detail
- Complex problem-solving
- Emotional intelligence
- Social influence
- Service orientation
16. Learning lifelong
This workforce drift will enforce many changes in the future. Industrial units and geographical reality will be hiring external experts, temporary staff, and freelancers to meet up their skills gaps through the skills audit process. It is one of the crucial facts to know about future jobs.
A holistic action plan in the areas like workforce planning and distribution, reskilling, and upskilling will be the catalysts for a positive, proactive authority of these changing trends of the future workforce.