The World Economic Forum (WEF) has released a report titled ‘Future of Jobs Report 2025.’ The report gives a peek into the major drivers expected to shape and transform the global labour market by 2030.
Key Highlights from the Report
- Top Growing Job Roles:
- Big Data Specialists: Reflects the growing importance of data analysis, management, and decision-making across industries.
- FinTech Engineers: Highlights the expansion of financial technologies, driven by innovations in digital payments, blockchain, and financial software.
- AI & Machine Learning Specialists: Indicates increasing adoption of artificial intelligence and automation in various sectors.
- Top Declining Job Roles:
- Postal Service Clerks: Decline attributed to digital communication and automation.
- Bank Tellers & Related Clerks: Impacted by the shift towards online banking and self-service kiosks.
- Data Entry Clerks: Displacement caused by automated data processing systems.
- Job Market Transformation:
- 170 Million New Jobs: Driven by technological advancements, green energy transitions, and emerging industries.
- 92 Million Jobs Displaced: Result of automation, digital transformation, and the decline of traditional roles.
- Net Increase of 78 Million Jobs: Signifies a positive outlook for global employment despite displacement challenges.
- Survey Scope:
- Draws insights from over 1,000 leading global employers, representing 14 million workers.
- Covers 22 industry clusters across 55 economies.
Key Drivers of Change by 2030
- Technological Advancements:
- AI, machine learning, big data, and blockchain are reshaping job requirements across sectors.
- Increased demand for tech-savvy professionals with specialized skills.
- Sustainability and Green Economy:
- Growth in jobs related to renewable energy, environmental conservation, and sustainable practices.
- Digital Transformation:
- Industries increasingly moving towards automation and digital tools, leading to job creation in tech-related roles while displacing manual, repetitive tasks.
- Demographic and Socioeconomic Shifts:
- Changing consumer behaviors, aging populations, and urbanization influencing labor demand.
