5 job market trends in 2022

5 job market trends in 2022

World Economic Forum released the Future of Jobs Report and suggested that the top 10 emerging jobs for 2022 will include:

  1.  Data Analysts and Scientists
  2.  AI and Machine Learning Specialists
  3.  General and Operations Managers
  4.  Software and Applications Developers and Analysts
  5.  Sales and Marketing Professionals
  6.  Big Data Specialists
  7.  Digital Transformation Specialists
  8.  New Technology Specialists
  9.  Organizational Development Specialists
  10.  Information Technology Services

 These are the things to gear up for 2022’s job market trend from the report.

1. Automation, robotization, and digitization will be the most widely adopted.

High-speed mobile internet, artificial intelligence, big data analytics, and cloud technology are set to spearhead companies’ adoption of new technologies and even more in 2022. Many will also look to machine learning and augmented and virtual reality for considerable business investment. By contrast, investment in the kind of robotic technologies imagined in movies and popular fiction will remain somewhat more niche over the period – but is nevertheless picking up pace. 

2. There is a net positive outlook for jobs.

By 2022, today’s newly emerging occupations are set to grow from 16% to 27% of the employee base of large firms globally, while job roles currently affected by technological obsolescence are set to decrease from 31% to 21%. In purely quantitative terms, 75 million current job roles may be displaced by the shift in the division of labor between humans, machines, and algorithms, while 133 million new job roles may emerge at the same time.

Growing occupations include roles such as Data Analysts, Software and Applications Developers, and E-commerce and Social Media Specialists – jobs that are significantly based on, and enhanced by, the use of technology. However, also expected to grow are job roles based on distinctively ‘human’ traits, such as Customer Service Workers, Sales, and Marketing Professionals, Training and Development, People and Culture, and Organizational Development Specialists as well as Innovation Managers.

3. The division of labor between humans, machines, and algorithms is shifting fast.

Employers anticipate a significant shift in the division of labor between humans, machines, and algorithms for the tasks of today. Currently, an average of 71% of total task hours across the industries covered by our Future of Jobs Report are performed by humans, compared to 29% by machines or algorithms.

By 2022 this average is expected to have shifted to 58% task hours performed by humans, and 42% by machines or algorithms. In terms of total working hours, no work task is yet performed predominantly by machines or algorithms today. By 2022, 62% of an organization’s data processing and information search and transmission tasks will be performed by machines. Relative to their starting point today, the expansion of machines’ share of work task performance will be particularly marked in reasoning and decision-making, administrative, and information search tasks. Even work tasks overwhelmingly performed by humans today — communicating, interacting, coordinating, managing, and advising — will begin to be taken on by machines, although to a lesser degree. 

4. New tasks at work are driving demand for new skills.

By 2022 the skills required to perform most jobs will have shifted significantly. Global average “skills stability”— the proportion of core skills required to perform a job that will remain the same — is expected to be about 58%. Skills growing in prominence include analytical thinking and active learning as well as skills such as technology design, highlighting the growing demand for various forms of technology competency. However, proficiency in new technologies is only one part of the 2022 skills equation. “Human” skills such as creativity, originality and initiative, critical thinking, persuasion, and negotiation will likewise retain or increase their value, as will attention to detail, resilience, flexibility, and complex problem-solving. Emotional intelligence, leadership, and social influence as well as service orientation are also set to see a particular increase in demand relative to their current prominence today.

5. Everyone will need to become a lifelong learner.

On average, employees will need 101 days of retraining and upskilling in the period up to 2022. Emerging skills gaps — both among individual workers and among companies’ senior leadership — may significantly obstruct an organization’s transformation management. Depending on industry and geography, between one-half and two-thirds of companies are likely to turn to external contractors, temporary staff, and freelancers to address their skills gaps. A comprehensive approach to workforce planning, reskilling, and upskilling will be the key to positive, proactive management of such trends.

Plan for your skills upgrades today. Our diploma programs in IT, Business, and Healthcare will get you ready to stay current in 2022. Email us at [email protected] or visit https://thecanadiancollege.ca/diploma-programs/ to learn more.

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