Careers That Are Growing In Demand

By | March 31, 2023

Careers That Are Growing In Demand – Extrapolating from figures shared in the Future of Jobs 2020 survey, employers expect incremental roles to decline from 15.4 percent of the workforce to 9 percent (down 6.4 percent) by 2025, and emerging professions to fall from 7.8 percentage to grow to 13.5% (5). % growth) of the total employee base of the respondent company. Based on these numbers, we estimate that by 2025, 85 million jobs could be replaced by changes in the division of labor between humans and machines, while 97 million new jobs could be created by new divisions of labor between humans and machines. appear more consistent. Algorithms, in 15 industries and 26 economies covered by the report.

The 2020 edition of the Future of Jobs survey also shows similarities between industries by looking at strategic and redundant jobs. Similar to the 2018 survey, the top positions in increasing demand are roles such as analysts and data scientists, artificial intelligence and machine learning specialists, robotics engineers, software and application developers, as well as digital transformation specialists. However, positions such as process automation specialists, information security analysts, and IoT specialists have recently emerged among a group of positions that are seeing increasing demand from employers. The emergence of these roles reflects the acceleration of automation as well as the resurgence of cybersecurity risks.

Careers That Are Growing In Demand

Careers That Are Growing In Demand

In addition, as presented in the industry profiles in Part 2 of this report, a distinct set of roles is emerging in specific industries. This includes materials engineers in the automotive sector, e-commerce and social media specialists in the consumer sector, renewable energy engineers in the energy sector, fintech engineers in financial services, biologists and geneticists in health and healthcare, as well as scientists. And it is measured from a distance. Mining and metals technicians. The nature of these roles indicates the path towards areas of innovation and growth in different sectors.

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At the opposite end of the scale, the roles expected to become increasingly redundant by 2025 are broadly consistent with the job roles identified in 2018 and in a set of research papers on job automation.

These include roles that are being replaced by new technology: data entry clerks, administrative and executive secretaries, accounting and payroll clerks, accountants and auditors, assembly and plant workers, as well as business services and administrative managers.

This disruption in employment is compensated by creating jobs in new fields, “jobs of tomorrow”. Over the next decade, a disproportionate share of newly created jobs will be completely new jobs or existing jobs will change in terms of content and skills required. The World Economic Forum’s Jobs of Tomorrow report, produced in collaboration with data scientists from partner companies LinkedIn and Coursera, introduced for the first time a way to measure and track the emergence of a range of new jobs across the economy using the labor market. – Time data

Data from this collaboration has identified 99 occupations whose demand is steadily increasing across 20 economies. These occupations were then organized into distinct occupational clusters according to their skill similarity.

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This resulting array of emerging professions reflects the adoption of new technologies and the growing demand for new products and services, which is driving greater demand for jobs in the green economy, roles at the forefront of the data economy and artificial intelligence, as well as new roles. . in engineering, cloud computing and product development. In addition, emerging professions demonstrate the continued importance of human interaction in the new economy through roles in the care economy. in marketing, sales and content production; as well as roles where ease or the ability to understand and feel comfortable working with different types of people from different backgrounds is critical. Figure 23 shows the set of roles that correspond to each occupational cluster, organized by the scale of each opportunity.

Due to limitations related to data availability, the Care and Green Jobs cluster is currently not covered in the analysis below.

Note: Career displacement refers to any job change, while career rotation refers to people moving away from their current job. Job families are groups of occupations based on work performed, skills, education, training, and qualifications. Data derived from the following countries: Argentina, Australia, Brazil, Canada, France, Germany, India, Ireland, Italy, Mexico, Netherlands, New Zealand, Saudi Arabia, Singapore, South Africa, Spain, Sweden, United Arab Emirates, United Kingdom and United States

Careers That Are Growing In Demand

In this report, we present a unique extension of that analysis that explores key learnings from the migration of work to these emerging clusters using LinkedIn data collected over the past five years. For this analysis, LinkedIn’s data science team analyzed the career transitions of professionals who moved into emerging careers from 2015 to 2020. The researchers analyzed when professionals transitioned to each new role, as well as when they transitioned to a completely new job. In the name of axes. To understand the skill profile of each job, analysts first identify a list of the most representative skills associated with a job based on LinkedIn’s Skill Genome metric, which calculates the “most representative” skills in roles using the TF-IDF method. they did A “skill penetration” number is calculated to examine the degree to which specific skill groups of interest are associated with a particular occupation. It represents the share of individual skills related to this job that belong to a specific skill group. To understand the skill profile of each job, analysts calculated a “skill penetration” score for each skill associated with a job. That is, the “skill penetration” number shows the number of people in that occupation who list the particular skill as a share of all people working in that occupation.

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Then, the similarity of the total skill between two jobs is calculated as the cosine similarity of these two jobs. In addition, for each skill group, a skill gap measure is calculated by expressing the skill penetration coefficient of the target job as a share of the same index in the source job.

Evidence suggests that some emerging occupational groups offer significant opportunities to transition to growth occupations (occupations with increasing demand) through effective career paths. As shown in Figure 24A, between the transition to data and AI professions, 50% of the changes made are related to non-emergent roles. This number is much higher, with 75% in sales, 72% in content roles, and 67% in engineering roles. Arguably, such fields are easier to break into, while fields like Data & AI and People & Culture present more challenges. These numbers suggest that some level of labor reallocation is taking place.

When we look at these career pivots — cases where professionals are switching to entirely new careers — it’s clear that some of these so-called “jobs of tomorrow” offer more opportunities for workers looking to completely change their work family. are themselves and therefore offer more options. To reimagine your own career path, while other emerging professions remain more limited. As shown in Figure 24C, only 19% and 26% of job moves for engineering and people and culture, respectively, are from outside the job family in which these roles are located today. In contrast, 72% of data and AI transfers stem from a different job family, and 68% from transfers to emerging roles in sales. As shown in Figure 25, emerging occupational clusters are typically formed by workers starting in a set of distinct occupational families, but the diversity of these parent occupational families varies by emerging occupation. While emerging roles in product development attract professionals from different job families, emerging roles in the people and culture job cluster typically shift from the HR job family. The emerging cloud computing job cluster is primarily filled by transitioning IT and engineering professionals.

Finally, many future jobs offer more opportunities to pursue careers with a significant change in skills profile. In Figure 24B, it can be seen that transitioning to people and culture and engineering were usually the cases with high skill similarity, while marketing and content development were easier with low skill similarity. Among the emerging professions described in this report, the transition to data and artificial intelligence provides the most variation in skill profiles between source and target occupations.

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Figure 25 shows that newer emerging professions such as data and artificial intelligence, product development, and cloud computing offer more opportunities to enter these frontier areas, and indeed, these transitions do not require the perfect skill mix between the source and destination jobs. However, some of tomorrow’s workgroups will remain more “closed” and tend to attract employees with specific skill sets. Whether these restrictions are necessary or simply proven practical cannot be seen. These “isolated” occupational groups may be reinvigorated by testing relaxed entry barriers to some emerging occupations, along with reskilling and appropriate qualifications. The Bureau of Labor Statistics projects that total US employment will increase from “153.5… [+] million to 165.4 million in the 2020-30 decade, an increase of 11.9 million jobs.”

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