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The Future Of Work According To WEF Davos 2020

The World Economic Forum predicts that the digital revolution will transform the future of work and the workplace: as many as 133 million new jobs will be created, but 75 million jobs are likely to be eliminated. This “job churn” will eventually impact a quarter of all work, and will be concentrated in a set newly emerging professional clusters.

In the report published last week, the WEF described the future of job creation, the shifting focus of employment to emerging professional clusters, the jobs of tomorrow, and the skills required by these professions. The entire report can be found there.

But for those who are looking for a recitation of key points—literally, a 5 minute review—here it is. The report points out, first and foremost, that valued professions combine tech and human competence. Seven key professional clusters are described as emerging, reflecting new technologies and the continuing importance of human interaction in the new economy, giving rise to greater demand for care economy jobs; roles in marketing, sales and content production; as well as focused on people and culture.

Today In: Leadership
WEF partners for this study include Burning Glass Technologies, Coursera, and LinkedIn. Here is a brief summary of key findings:

Successful professions in future will increasingly require both “digital” and “human” competence. Seven key professional clusters are emerging. These reflect the adoption of new technologies—giving rise to greater demand for green economy jobs, roles at the forefront of the data and AI innovation as well as new roles in engineering, cloud computing and product development. And, emerging professions also reflect the continuing importance of human interaction in the new economy, driving greater demand for care economy jobs; roles in marketing, sales and content production; as well as roles at the forefront of people and culture. The future of work shows large and growing demand for a broad variety of skills that match these professional opportunities, and include both disruptive technical skills but also specialized industry skills and core business skills.