Deciding on a professional path can be challenging, but it may be easier if one has a sense of the jobs that are in demand and the shape that the market will take in the future.
Artificial learning and machine learning specialists, sustainability experts, business intelligence analysts, information security analysts, fintech engineers, data analysts and scientists, robotics engineers, electrotechnology engineers, agriculture equipment operators, and digital transformation specialists make up the top 10 fastest growing occupations in the world, according to a new report by the World Economic Forum (WEF).
On Monday, a research titled “Future of Jobs Report 2023” was released, outlining the trends, technologies, and skills that will be necessary for the workforce in the years to come.
Dynamics of jobs are also changing in Pakistan
Several worldwide trends and technologies, such as digital platforms and apps, big-data analytics, and education and workforce development technologies, were recognized in the research as having the potential to affect Pakistan’s job market.
WEF estimates that 85.78 million people in Pakistan are of working age.
The report states that jobs like bank tellers and related clerks, postal service clerks, cashiers and ticket clerks, data entry clerks, administrative and executive secretaries, material recording and stock-keeping clerks, accountants, bookkeepers, and payroll clerks, lawmakers, and officials, statistical, finance, and insurance clerks, door-to-door salespeople, and street vendors are rapidly becoming obsolete.
Given the dynamic nature of growing labor markets, the analysis anticipated that 23% of jobs would shift by 2027, with 69 million new jobs being created and 83 million destroyed.
Net employment creation is expected as a result of the green transition and the localization of supply chains.
The survey predicted that by 2023, cognitive abilities like analysis and innovation would be the most sought after by employers.
The majority of businesses will center their strategy on artificial intelligence and big data.
The research noted that 85.78 million people in Pakistan were of working age, representing a sizable pool of talent.
The future for Pakistan’s workforce strategy is less than optimistic. While 41% of experts predicted
Despite the 26% hope of more talent available, the present workforce was also predicted to lose talent.
The percentage of the population actively seeking job was 57%, with 55% of those employed being in precarious positions. The unemployment rate has been at a manageable 5%.
The CEO of a WEF partner institute, Amir Jahangir, recently stated that Pakistan’s human capital can be plugged into the global job market with the right investments in education, vocational training, and the promotion of a culture of innovation.
According to Saadia Zahidi, general director of the World Economic Forum, the job market has remained unstable over the past three years due to factors including Covid-19, geopolitical developments, and economic upheaval. She issued a statement noting that while the advent of AI and other technologies has brought threats to many fields, there is a clear path forward as governments and businesses invest in the transition towards the occupations of the future.
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