{
  "title": "The Jobs of Tomorrow",
  "publication": "IMF Blog, January 7, 2021",
  "sourceUrl": "https://www.imf.org/en/blogs/articles/2021/01/07/the-jobs-of-tomorrow",
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  "summary": "Sadia Zahidi of the World Economic Forum writes for the IMF's Finance & Development Magazine about their Future of Jobs Report.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- The World Economic Forum’s Future of Jobs Report 2020 maps the jobs and skills of the future based on surveys of business leaders and human resource strategists worldwide.\n- The report places pandemic-related disruptions in the broader context of longer-term technology trends and identifies a “double-disruption” for workers from automation and the COVID-19 recession.\n- Five key findings are highlighted from the report."
    },
    {
      "heading": "Faster-than-expected automation and workforce displacement",
      "content": "- The workforce is automating faster than expected, displacing 85 million jobs in the next five years.\n- Companies’ adoption of technology will transform tasks, jobs, and skills by 2025.\n- Employers’ planned responses to technology integration:\n  - 43 percent of businesses surveyed indicate that they are set to reduce their workforce because of technology integration.\n  - 41 percent plan to expand their use of contractors for task-specialized work.\n  - 34 percent plan to expand their workforce as a result of technology integration.\n- Projection: Five years from now, employers will divide work between humans and machines roughly equally."
    },
    {
      "heading": "Job creation from the “robot revolution”",
      "content": "- The robot revolution will create 97 million new jobs.\n- Emerging roles will appear across:\n  - the care economy,\n  - technology fields (such as artificial intelligence—AI),\n  - content creation careers (such as social media management and content writing).\n- Emerging professions reflect demand for:\n  - green economy jobs,\n  - roles at the forefront of the data and AI economy,\n  - new roles in engineering, cloud computing, and product development.\n- Continued importance of human interaction in roles:\n  - care economy,\n  - marketing, sales, and content production,\n  - roles requiring the ability to work with different types of people from different backgrounds."
    },
    {
      "heading": "Skills in demand by 2025",
      "content": "- In 2025, analytical thinking, creativity, and flexibility will be among the most sought-after skills.\n- Employers see critical thinking, analysis, and problem solving as growing in importance; these skills have been consistently cited in previous editions.\n- Newly emerging important skills include self-management skills such as active learning, resilience, stress tolerance, and flexibility.\n- LinkedIn and Coursera metrics partnerships provided granular tracking of specialized skills needed for the jobs of tomorrow."
    },
    {
      "heading": "Reskilling, public sector role, and employer strategies",
      "content": "- For workers remaining in their roles over the next five years, nearly half will need retraining for their core skills.\n- The survey found that the public sector needs to provide stronger support for reskilling and upskilling of at-risk or displaced workers.\n- Currently, only 21 percent of businesses report being able to make use of public funds to support their employees through retraining initiatives.\n- Policy recommendations and needs:\n  - Public sector must provide incentives for investment in the markets and jobs of tomorrow.\n  - Offer stronger safety nets for displaced workers during job transitions.\n  - Tackle long-delayed improvements of education and training systems.\n- The most competitive businesses will focus on upgrading their workers’ skills."
    },
    {
      "heading": "Remote work and digitalization",
      "content": "- Some 84 percent of employers are set to rapidly digitalize work processes, including a significant expansion of remote working.\n- Employers say there is the potential to move 44 percent of their workforce to operate remotely.\n- However, 78 percent of business leaders expect some negative impact on worker productivity, and many businesses are taking steps to help their employees adapt.\n\nContent originally published January 7, 2021 in Finance & Development magazine; authored by Sadia Zahidi of the World Economic Forum and republished on the IMF site.\n\n---\n\n\n References\n\n- Finance & Development\n\nSource: https://www.imf.org/en/blogs/articles/2021/01/07/the-jobs-of-tomorrow"
    }
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    "Authors: The Editors",
    "Published: January 7, 2021",
    "The World Economic Forum’s Future of Jobs Report 2020 maps the jobs and skills of the future based on surveys of business leaders and human resource strategists worldwide.",
    "The report places pandemic-related disruptions in the broader context of longer-term technology trends and identifies a “double-disruption” for workers from automation and the COVID-19 recession.",
    "Five key findings are highlighted from the report.",
    "The workforce is automating faster than expected, displacing 85 million jobs in the next five years.",
    "Companies’ adoption of technology will transform tasks, jobs, and skills by 2025.",
    "Employers’ planned responses to technology integration:",
    "Projection: Five years from now, employers will divide work between humans and machines roughly equally.",
    "The robot revolution will create 97 million new jobs.",
    "Emerging roles will appear across:",
    "Emerging professions reflect demand for:",
    "Continued importance of human interaction in roles:",
    "In 2025, analytical thinking, creativity, and flexibility will be among the most sought-after skills.",
    "Employers see critical thinking, analysis, and problem solving as growing in importance; these skills have been consistently cited in previous editions.",
    "Newly emerging important skills include self-management skills such as active learning, resilience, stress tolerance, and flexibility.",
    "LinkedIn and Coursera metrics partnerships provided granular tracking of specialized skills needed for the jobs of tomorrow.",
    "For workers remaining in their roles over the next five years, nearly half will need retraining for their core skills.",
    "The survey found that the public sector needs to provide stronger support for reskilling and upskilling of at-risk or displaced workers.",
    "Currently, only 21 percent of businesses report being able to make use of public funds to support their employees through retraining initiatives.",
    "Policy recommendations and needs:",
    "The most competitive businesses will focus on upgrading their workers’ skills.",
    "Some 84 percent of employers are set to rapidly digitalize work processes, including a significant expansion of remote working.",
    "Employers say there is the potential to move 44 percent of their workforce to operate remotely.",
    "However, 78 percent of business leaders expect some negative impact on worker productivity, and many businesses are taking steps to help their employees adapt.",
    "[Finance & Development](https://www.imf.org/en/Publications/fandd)"
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