{"id":86616,"date":"2020-10-23T19:37:53","date_gmt":"2020-10-23T14:07:53","guid":{"rendered":"https:\/\/factly.forumias.com\/?p=18121"},"modified":"2021-06-22T16:13:30","modified_gmt":"2021-06-22T10:43:30","slug":"the-future-of-jobs-report-2020","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/the-future-of-jobs-report-2020\/","title":{"rendered":"The Future of Jobs Report, 2020"},"content":{"rendered":"\r\n<p><strong>News:<\/strong>\u00a0World Economic Forum (WEF) has released the Future of Jobs Report, 2020.<\/p>\r\n\r\n\r\n\r\n<p><strong>Facts:<\/strong><\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><strong>About the report:\u00a0<\/strong>The report maps the jobs and skills of the future\u00a0by tracking the pace of change.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p><strong>Key Highlights from the report:<\/strong><\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><strong>Reskilling:\u00a0<\/strong>50% of all employees will need reskilling by 2025 as adoption of technology increases.<\/li>\r\n<li><strong>Effect of Automation on Jobs:<\/strong>\u00a0Faster than expected workforce automation would displace around 85 million jobs globally in medium and large businesses across 15 industries and 26 economies.\r\n<ul>\r\n<li>However, 97 million new roles may emerge that are more adapted to the new division of labour between humans, machines and algorithms.<\/li>\r\n<\/ul>\r\n<\/li>\r\n<li><strong>Skills in Demand:\u00a0<\/strong>Critical thinking and problem-solving top the list of skills that employers believe will grow in prominence in the next five years.<\/li>\r\n<li><strong>Top 5 Jobs in Demand:\u00a0<\/strong>AI and machine learning specialists, data analysts and scientists, information security analysts, internet of things specialists and big data specialists will be the top five jobs in demand.<\/li>\r\n<li><strong>Jobs that will become redundant:\u00a0<\/strong>Jobs like administrative and executive secretaries, general and operations managers, assembly and factory workers, accounting, bookkeeping, payroll clerks and data entry clerks will find themselves redundant.<\/li>\r\n<li><strong>Inequality:\u00a0<\/strong>In the absence of proactive efforts, inequality is likely to increase by the dual impact of technology and the pandemic recession.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p><strong>Recommendations:<\/strong><\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>Government should secure the life of the displaced workers by providing them access to the social safety nets.<\/li>\r\n<li>Government should take necessary measures to improve their education and skills and should also offer incentives for businesses in order to invest in future jobs.\u00a0<\/li>\r\n<li>The private sector should organise training programmes and skill development programmes in order to enable the workforce to match with the technology.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p><strong>Additional Facts:<\/strong><\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><strong>World Economic Forum(WEF):\u00a0<\/strong>It was established in 1971 as a not-for-profit foundation and is headquartered in Geneva,Switzerland.<\/li>\r\n<li><strong>Reports:\u00a0<\/strong>a) Global Competitiveness Report b) <a href=\"https:\/\/forumias.com\/blog\/wef-released-global-gender-gap-report-2021\/\" target=\"_blank\" rel=\"noopener\">Global Gender Gap Report<\/a> c) Global Risks Report and d) Global Travel and Tourism Report among others.<\/li>\r\n<\/ul>\r\n","protected":false},"excerpt":{"rendered":"<p>News:\u00a0World Economic Forum (WEF) has released the Future of Jobs Report, 2020. Facts: About the report:\u00a0The report maps the jobs and skills of the future\u00a0by tracking the pace of change. Key Highlights from the report: Reskilling:\u00a050% of all employees will need reskilling by 2025 as adoption of technology increases. Effect of Automation on Jobs:\u00a0Faster than&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/the-future-of-jobs-report-2020\/\">Continue reading <span class=\"screen-reader-text\">The Future of Jobs Report, 2020<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[4179],"class_list":["post-86616","post","type-post","status-publish","format-standard","hentry","category-economy","tag-future-of-jobs-report","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":1700772252,"cached_date":1703948889},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=86616"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86616\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}