Automation is already affecting the job market, leaving some at risk but creating new roles too. Research by the World Economic Forum predicts that by 2022, automation will have created 1.7 million jobs and made another 984,000 redundant. It’s also expected that 54% of workers will have to re or up-skill by 2022.
Here are 5 job roles identified as being at ‘high-risk’ of automation in just 3 years:
- Accounting and payroll clerks. As software automates data entry tasks, women may be particularly hard hit: 72% of clerical roles in developed economies are held by women. The McKinsey Global Institute predicts that between 40 and 160 million women may have to transition between occupations by 2030.
- Financial analysts. Even roles requiring complex financial modelling and analysis aren’t safe, as advanced algorithms and artificial intelligence can operate faster and more accurately than humans.
- Lawyers. The legal sector is ripe for disruption, with technology is set to replace much of the repetitive tasks typically carried out by junior lawyers, like contracts or document searching.
- Cashiers and Bank Tellers. We’ve already seen a decline in checkout staff in supermarkets and a closure of bank branches as banking and shopping move online. This is only likely to increase in the future.
- Assembly and Factory Workers. As robotics technologies become more advanced, replacing human factory workers with robots will become cost-effective for many businesses, as well as eliminating the human health and safety risks.
But it’s not all bad news. The demand for technical skills like data science, artificial intelligence and machine learning is expected to grow, while ‘human-centric jobs’ like sales, caring professions or strategic HR are also expected to remain relatively safe from redundancy.
Overall, workers will spend less time on administrative work, data processing, or repetitive manual tasks in favour of tasks requiring analytical thinking, creativity, design and programming.
Whichever field you work in, it’s never been more important to upskill and plan ahead in these fast-changing times.