Connect with us


WEF: 85 Million Jobs Will Become Irrelevant In The Next 5 Years


Page 4
Source: HR Asia Media & Nalanda

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

If there’s one thing this pandemic has taught us, it’s that companies need to adapt and improvise to the ever-changing job market if they still want to be relevant in the future.

Recently, the World Economic Forum (WEF) published the Future of Jobs Report 2020 and some shocking statistics were revealed. In the next five years, automation and a new division of labour between machines and humans will disrupt 85 million jobs around the world.

85 Million Jobs Disrupted By 2025


Working remotely is here to stay for the foreseeable future and workers will be expected to change careers and pick up new skills consistently to adapt to new labour trends. In fact, 94% of business leaders report that they expect employees to pick up new skills on the job.

WEF’s managing director, Saadia Zahidi, said “Covid-19 has accelerated the arrival of the future of work. It’s a double disruption scenario that presents another hurdle for workers in this difficult time. The window of opportunity for proactive management of this change is closing fast,” she said, emphasising that there is an urgency to prepare for this global transition in the workforce.

Malaysian Office 660X435 1

Among jobs that will face a decreasing demand in the next five years are:

  • Data Entry Clerks
  • Administrative and Executive Secretaries
  • Accounting, Bookkeeping and Payroll Clerks
  • Accountants and Auditors
  • Assembly and Factory Workers
  • Business Services and Administration Managers
  • Client Information and Customer Service workers
  • General and Operations Managers
  • Mechanics and Machinery Repairs
  • Material-Recording and Stock-Keeping Clerks
  • Financial Analysts
  • Postal Service Clerks
  • Sales Rep, Wholesale and Manufacturing, Tech and Science Products
  • Relationship Managers
  • Bank Tellers and Related Clerks
  • Door-to-Door Sales, News and Street Vendors
  • Electronic and Telecom Installers and Repairmen
  • Human Resources Specialists
  • Training & Development Specialists
  • Construction Laborers

97 Million Jobs Will Emerge


However, it’s not all bad news for the future job market. The report also states that an estimate of 97 million jobs may emerge from these new labour trends. Approximately 40% of workers in the labour force will be able to re-skill in six months or less. The job market will grow but for increasing demand trends of selected industries like:

  • Data Analysts and Scientists
  • AI and Machine Learning Specialists
  • Big Data Specialists
  • Digital Marketing and Strategy Specialists
  • Process Automation Specialists
  • Business Development Professionals
  • Digital Transformation Specialists
  • Information Security Analysts
  • Software and Application Developers
  • Internet of Things Specialists
  • Project Managers
  • Business Services and Administration Managers
  • Database and Network Professionals
  • Robotics Engineers
  • Strategic Advisors
  • Management and Organisation Analysts
  • FinTech Engineers
  • Mechanics and Machinery Repairers
  • Organisational Development Specialists
  • Risk Management Specialists

Unsurprisingly, these shifts are not expected to benefit everyone equally. The demographic most affected by this acceleration of technology and the pandemic-induced job crisis are low-income workers, women, low-skilled workers and young people.

Http Com.ft .Imagepublish.upp Prod Us.s3.Amazonaws

While 43% of businesses analysed in the WEF report said that they are set to reduce their workforce due to technology integration, only one in five companies worldwide possesses the public funds that will allow for the re-skilling of workers. Results of the report reveal an immediate call on global governments to provide affected workers with access to social safety, improved education systems and incentives for businesses to invest in jobs of the future.

For the full report from WEF, click here.


Also read: More and More Young Malaysians 25-Years-Old and Below Are Filing For Bankruptcy, Says Expert

My Post 8

Source: HR Asia
Source: Nalanda
Source: MTUC

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Just In

Istana Negara Machete Bearing Men Istana Negara Machete Bearing Men
News20 hours ago

2 M’sian Men Caught After Trying to Enter Istana Negara With Machete in Car

After the Ulu Tiram police station was attacked, security has been tightened nationwide. According to Sinar Harian, the police have...

Sugar Content In Drinks 1 Sugar Content In Drinks 1
News21 hours ago

M’sia to Introduce Drink Grading System Based on Sugar Content to Battle Diabetes

It’s no secret that many of us love to consume things that are filled with sugar. Based on the findings...

Tiger Dead Karak Expressway Tiger Dead Karak Expressway
News23 hours ago

Tiger in Bentong Dies After Leaping to Incoming Car on Karak Expressway

The Malayan tigers are critically endangered creatures and it’s incredibly sad when one of them passes away. On 16 May,...

Collage 52 Collage 52
News23 hours ago

Here are 4 Bombings Tied to Jemaah Islamiyah, The Terrorist Group That’s Linked to Cop Killer in Johor

The suspect of the cop killers in the Ulu Tiram Police Station in Johor had been identified as a member...

Ulu Tiram Police Station Attack By Ji Ulu Tiram Police Station Attack By Ji
News24 hours ago

Ulu Tiram Police Station Attack: Suspect Came Prepared Supposedly With Other Motives

The attack that took place at the Ulu Tiram police station shocked the nation. As a result of the attack,...

Collage 36 Collage 36
News2 days ago

Old JPJ Video Going Viral Again Shows ‘Moving AES’ That Detects Expired Road Tax on Cars

“Police reported ahead.”  Thanks to Waze, sometimes we’re alerted about the presence of police as far as 1km ahead of...

Collage 37 Collage 37
News2 days ago

PDRM: Suspect Who Killed 2 Officers in Police Station is Member of Islamist Militant Group Based in Indonesia

In a breaking news that shocked the country this morning (May 17), the Inspector General of Police has identified the...

Collage 35 Collage 35
News2 days ago

2 PDRM Officers are Killed by a Masked Gunman in Police Station, Suspect Shot to Death

This is not a drill, this is not a movie scene. A bloody gunfight took place in the Ulu Tiram...


Latest Videos