THE REPORT PRESENTS A VISION OF A FUTURE GLOBAL WORKFORCE THAT PROVIDES GROUNDS FOR BOTH OPTIMISM AND CAUTION . a result of automation , almost 40 % expect to extend their workforce generally and more than a quarter expect automation to create new roles in their enterprise .
EDITOR ’ S QUESTION
HOW FAR DO YOU AGREE THAT THE NUMBER OF JOB LOSSES RESULTING FROM AI CAN BE DECREASED BY EDUCATING PEOPLE ON HOW TO HANDLE IT ?
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The world is going through a workplace revolution that will bring a seismic shift in the way humans work alongside machines and algorithms , according to new research by the World Economic Forum . By 2025 , more than half of all current workplace tasks will be performed by machines as opposed to 29 % today . Such a transformation will have a profound effect on the global labour force , however , in terms of overall numbers of new jobs the outlook is positive , with 133 million new jobs expected to be created by 2022 compared to 75 million that will be displaced .
The research , published in The Future of Jobs 2018 , is an attempt to understand the potential of new technologies to disrupt and create jobs . It also seeks to provide guidance on how to improve the quality and productivity of the current work being done by humans and how to prepare people for emerging roles .
Based on a survey of chief human resources officers and top strategy executives from companies across 12 industries and 20 developed and emerging economies ( which collectively account for 70 % of global GDP ), the report finds that 54 % of employees of large companies would need significant re- and up-skilling in order to fully harness the growth opportunities offered by the Fourth Industrial Revolution . At the same time , just over half of the companies surveyed said they planned to re-skill only those employees that are in key roles , while only one third planned to re-skill at-risk workers .
While nearly 50 % of all companies expect their full-time workforce to shrink by 2022 as
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THE REPORT PRESENTS A VISION OF A FUTURE GLOBAL WORKFORCE THAT PROVIDES GROUNDS FOR BOTH OPTIMISM AND CAUTION . a result of automation , almost 40 % expect to extend their workforce generally and more than a quarter expect automation to create new roles in their enterprise .
The report presents a vision of a future global workforce that provides grounds for both optimism and caution . Compared to a similar study by the Forum in 2016 to understand the impact of the Fourth Industrial Revolution on jobs , the outlook for job creation today is much more positive as businesses have a much greater understanding of the opportunities made available by technology . At the same time , the huge disruption automation will bring to the global labour force is almost certain to bring with it significant shifts in the quality , location , format and permanency of roles that will require close attention from leaders in the public and private sector .
Harnessing the transformative potential of the Fourth Industrial Revolution will require coordinated efforts among stakeholders in all industries and regions to formulate a comprehensive workforce augmentation strategy ready to meet the challenges of this new era of change and innovation . Business , government and workers must proactively plan and implement a new vision for the global labour market .
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