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The World Economic Forum (WEF) released the 'Future of Jobs Report 2025' report.

About the 'Future of Jobs Report 2025' report

The report highlights that jobs in artificial intelligence (AI), big data, and security management will be among the fastest-growing by 2030.

AI and machine learning specialists, FinTech engineers, and software developers are expected to see significant growth in percentage terms.

Global labor market transform

By 2030, the global labor market will witness a net increase of 78 million jobs. While 170 million new jobs will be created, 92 million jobs will be displaced. This disruption will impact about 22% of current jobs.

What factors will shape the future of jobs globally?

Technological advancements, geoeconomic fragmentation, economic uncertainty, demographic changes, and the green transition. These forces will individually and collectively reshape the global labor market.

Frontline jobs like farmworkers, delivery drivers, construction workers, salespersons, and nursing professionals will grow the most in absolute terms.

The 10 fastest-growing job roles by 2030?

1. Big Data Specialists
2. FinTech Engineers
3. AI and Machine Learning Specialists
4. Software and Application Developers
5. Security Management Specialists
6. Data Warehousing Specialists
7. Autonomous and Electric Vehicle Specialists
8. UI and UX Designers
9. Light Truck or Delivery Services Drivers
10. Internet of Things Specialists

What skills will be in high demand by 2030?

AI, big data, networks and cybersecurity, technological literacy, creativity, and resilience will dominate the skills landscape. Skills like manual dexterity and routine clerical abilities will decline.

Which roles are expected to decline significantly?

Roles such as postal service clerks, bank tellers, data entry clerks, cashiers, telemarketers, and legal secretaries will decline due to automation.

The report states that automation will lead to workforce reductions in 41% of companies. However, it also emphasizes the need for upskilling workers to seize new opportunities created by technology.

How critical is reskilling and upskilling for the workforce?

About 59% of the global workforce will need new or updated skills by 2030. Nearly 40% of future job skills will be entirely new, which highlights the need for adaptability.

How will India’s job market be shaped by 2030?

In India, increased digital access, climate-mitigation efforts, and geopolitical shifts will shape the job market.

Companies will heavily invest in AI, robotics, and energy technologies.

Fast-growing roles will include AI and machine learning specialists, big data specialists, and security management professionals.

About World Economic Forum (WEF)

It is an independent, not-for-profit organization that works to improve the world by: 

• Engaging leaders from business, politics, academia, and civil society to shape global, regional, and industry agendas
• Promoting cooperation between the public and private sectors
• Promoting collaborative entrepreneurship
• Addressing global issues

It was founded in 1971 by German economist Klaus Schwab. 

It is headquartered in Geneva, Switzerland, and has offices in New York, San Francisco, Beijing, and Tokyo. 

The WEF's goals include: 

• Building more future-ready, resilient, inclusive, and sustainable economies and societies
• Reimagining growth
• Transforming industries in the wake of advancing technology
• Reskilling and upskilling workers
• Safeguarding the planet
• Rebuilding trust within and among societies

The WEF is guided by stakeholder capitalism, which posits that corporations should deliver value to all stakeholders, including shareholders, employees, society, and the planet. 

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Source: 

Hindustan Times