Future of Jobs Report 2025 Overview

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Questions and Answers

What is the primary focus of the Future of Jobs Report 2025?

  • Exploring social media trends
  • Understanding occupational disruption and identifying future job opportunities (correct)
  • Assessment of global economic trends
  • Evaluating the effectiveness of educational systems

The results of the Future of Jobs Report necessarily represent the views of the World Economic Forum.

False (B)

Who is the Managing Director of the World Economic Forum mentioned in the preface?

Saadia Zahidi

Technological breakthroughs, particularly in __________, are reshaping industries.

<p>generative artificial intelligence</p> Signup and view all the answers

Which of the following roles is identified as one of the fastest-growing jobs?

<p>Big Data Specialists (B)</p> Signup and view all the answers

Match the organizations with their contributions mentioned in the report:

<p>ADP = Innovative data partnerships Coursera = Research collaborations Indeed = Survey findings complement LinkedIn = Data analysis</p> Signup and view all the answers

Employers foresee that a majority of workers will not be upskilled in their current roles.

<p>False (B)</p> Signup and view all the answers

What aspect of the job landscape is covered in the Future of Jobs Report 2025?

<p>Future skill requirements for existing jobs (B)</p> Signup and view all the answers

What percentage of employers see skill gaps as a major barrier to business transformation over the 2025-2030 period?

<p>63%</p> Signup and view all the answers

The Future of Jobs Report is published annually.

<p>False (B)</p> Signup and view all the answers

Employers plan to prioritize _____ of their workforce.

<p>upskilling</p> Signup and view all the answers

What is the time period covered by the Future of Jobs Report 2025?

<p>2025-2030</p> Signup and view all the answers

What is expected to be the largest decline in absolute numbers?

<p>Administrative Assistants (C)</p> Signup and view all the answers

Match the following roles with their respective trends:

<p>Big Data Specialists = Fastest growing roles Clerical Workers = Largest decline in absolute numbers Environmental Engineers = Expected growth Data Entry Clerks = Fastest declining roles</p> Signup and view all the answers

50% of employers are planning to transition staff from declining to growing roles.

<p>True (A)</p> Signup and view all the answers

In what areas are workers' existing skill sets expected to change significantly?

<p>Technology-related roles</p> Signup and view all the answers

What percentage of employers foresee a decrease in the importance of dexterity, endurance, and precision?

<p>24% (C)</p> Signup and view all the answers

AI is expected to reduce the workforce in companies that can automate tasks.

<p>True (A)</p> Signup and view all the answers

What are two primary factors driving wage strategies?

<p>Alignment with productivity and performance</p> Signup and view all the answers

The global economic outlook is projected to grow by _______% in 2025.

<p>3.2</p> Signup and view all the answers

Which income group has the highest projected unemployment rate by 2025?

<p>Low-income economies (C)</p> Signup and view all the answers

Global inflation is expected to rise to 4.5% by the end of 2025.

<p>False (B)</p> Signup and view all the answers

By 2030, global job numbers are projected to _______.

<p>grow</p> Signup and view all the answers

Match the following income groups with their projected unemployment rates:

<p>High-income economies = 10.1% Upper-middle income = 17.3% Lower-middle income = 25.9% Low-income = 27.6%</p> Signup and view all the answers

What is the annual growth rate of robots and autonomous systems since 2020?

<p>5-7% (C)</p> Signup and view all the answers

In 2023, robot installations were evenly distributed across the globe.

<p>False (B)</p> Signup and view all the answers

What was the global average robot density in 2023 per 10,000 employees?

<p>162</p> Signup and view all the answers

The demand for generative AI skills is revealed in collaboration with ______.

<p>Coursera</p> Signup and view all the answers

Match the regions with their robot installation expectations:

<p>Sub-Saharan Africa = 39% Central Asia = 45% Middle East and North Africa = 44% China = 80%</p> Signup and view all the answers

Which of the following countries has higher expectations for transformative impacts of technology?

<p>Germany (D)</p> Signup and view all the answers

Demand for Generative AI training is decreasing among enterprises.

<p>False (B)</p> Signup and view all the answers

What conceptual topics are included in generative AI training?

<p>Prompt engineering, trustworthy AI practices, strategic decision-making.</p> Signup and view all the answers

By 2050, what percentage of the global working-age population is projected to come from lower-income countries?

<p>59% (A)</p> Signup and view all the answers

Aging and declining working-age populations are only affecting low-income economies.

<p>False (B)</p> Signup and view all the answers

Which regions are expected to supply nearly two-thirds of new workforce entrants in the coming years?

<p>India and Sub-Saharan African nations</p> Signup and view all the answers

Currently, the global working-age population distribution is balanced between lower-income and higher-income populations at _____ and _____ percent.

<p>49%, 51%</p> Signup and view all the answers

Match the countries with their expected demographic impact:

<p>Australia = Declining working-age population Sub-Saharan Africa = Growing working-age population Germany = Declining working-age population India = Demographic dividend</p> Signup and view all the answers

What percentage of employers in South-Eastern Asia expect climate mitigation efforts to transform their organizations by 2030?

<p>72% (C)</p> Signup and view all the answers

In Central Asia, more than half of the respondents believe climate trends are relevant to their business activities.

<p>False (B)</p> Signup and view all the answers

What major workplace strategy are companies employing to adapt to a net-zero future?

<p>Transitioning current employees into growing roles</p> Signup and view all the answers

The number of job postings requiring at least one green skill rose by nearly _____ between 2022 and 2023.

<p>22%</p> Signup and view all the answers

Match the trends with their corresponding statistics:

<p>71% of employers = Expect climate mitigation to transform organizations by 2030 19% of employers = See climate trends relevant in Central Asia 60% of companies = Prioritize transitioning existing employees 12% increase = In workers acquiring green skills globally</p> Signup and view all the answers

What is a predicted workplace adjustment due to the effects of the aging population?

<p>Deepening automation (A)</p> Signup and view all the answers

A global increase in workers acquiring green skills indicates that demand is being met.

<p>False (B)</p> Signup and view all the answers

What is the impact of climate adaptation efforts according to employers?

<p>Similar to climate mitigation, many employers believe it will transform their organizations.</p> Signup and view all the answers

Flashcards

Skill Transformation Rate

The proportion of existing skills that will change or become obsolete by 2030.

Fastest-Growing Jobs

Jobs that are expected to increase significantly in terms of percentage growth by 2030.

Fastest-Declining Jobs

Jobs that are expected to see a considerable decline in absolute numbers by 2030.

Upskilling

The process of helping employees develop new skills to adapt to changing job requirements.

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Reskilling

The process of retraining employees for different roles within a company.

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Skill Gap

The gap between the skills that employers need and the skills that workers possess.

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Employee Health and Well-being

A key strategy to attract talent, focusing on employee well-being and creating a positive work environment.

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Upskilling Programs

Training programs designed to help employees learn new skills or update existing skills.

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What is the Future of Jobs Report?

The Future of Jobs Report is a bi-annual publication by the World Economic Forum analyzing how technological, societal and economic trends are shaping the future of work.

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What's the goal of the Future of Jobs Report?

The report aims to understand how technological advancements are disrupting occupations and explore opportunities for workers to adapt to new jobs.

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What timeframe does the Future of Jobs Report focus on?

The report examines the emerging job landscape for the years between 2025 and 2030.

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What is a major technological driver of change?

Generative AI, a type of AI capable of creating new content, is a key driver of change shaping industries and tasks across all sectors.

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Who contributes to the Future of Jobs Report?

The World Economic Forum collaborates with various organizations, including companies, governments, and academic institutions, to collect data and insights for the report.

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Is the Future of Jobs Report representative of all views?

The report acknowledges that the views expressed are the result of a collaborative process and may not necessarily reflect the opinions of all involved parties, including the World Economic Forum itself.

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How is the Future of Jobs Report kept up-to-date?

The report is regularly updated with new data and analysis from partners such as ADP, Coursera, Indeed, and LinkedIn, providing a comprehensive picture of the evolving job market.

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What key messages does the Future of Jobs Report convey?

The report emphasizes the dynamic nature of the job market and highlights the need for continuous learning and adaptation to succeed in the future of work.

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Wage Strategies

Strategies that aim to align worker pay with their productivity and performance.

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Dexterity, Endurance, Precision

The ability to use hands skillfully, endurance to work for extended periods, and precision in performing tasks.

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Skills Demand Shift

The overall pattern of changes in demand for different types of skills. Companies might shift focus from certain skill sets to others.

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AI Skills

The ability to perform tasks using artificial intelligence technology.

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Business Reorientation

The process of re-orienting a business to utilize AI effectively, potentially automating tasks or requiring new talent.

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Jobs Gap

A measure that considers unemployment as well as underemployment, providing a broader view of labor market challenges.

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Global Job Growth

The overall trend of global job growth, despite potential challenges in particular industries.

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Robot Installation Growth Rate

The rate of change in robot installations is slower than AI, with growth at 5-7% annually since 2020.

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Global Robot Density 2023

As of 2023, the global average has reached 162 robots per 10,000 employees, double the number in 2016.

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Robot Installation Concentration

Most installations occur in China, representing 80% of the total.

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Transformative Impact of Generative AI

Generative AI is expected to be more transformative in the future than robots and autonomous systems.

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Perception of Robotics Impact by Country

The Future of Jobs Survey indicates that these technologies (robots and autonomous systems) are perceived as more impactful in countries like Japan, the US, South Korea, and Germany.

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Perception of Robotics Impact by Region

Employers in Sub-Saharan Africa, Central Asia, and the Middle East and North Africa have lower expectations for the impact of these technologies.

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Generative AI Skill Demand

Coursera data shows increased demand for Generative AI training in both individual learners and businesses.

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Generative AI Skill Focus

The demand for Generative AI skills includes topics such as prompt engineering, trustworthy AI practices, and strategic decision-making related to AI.

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Transition Costs for Sustainable Practices

A transition to sustainable practices needs specific skills. This may result in costs, especially for those working in manufacturing.

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Growing Gap Between Green Skills Demand and Supply

The gap between the number of jobs requiring green skills and the number of workers with those skills is growing.

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Talent Availability Challenges Due to Aging Population

Employers are increasingly concerned about talent availability due to an aging population.

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Workforce Strategy: Transitioning Existing Employees

Businesses are adapting to a shrinking workforce by prioritizing training and promoting existing employees into key roles.

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Automation as a Solution to Labor Shortages

Automation is seen as a potential solution to address labor shortages caused by an aging population.

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Climate Change Concerns for Employers

Climate change is a significant concern for employers, particularly in South-Eastern Asia.

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Impact of Climate Mitigation on Businesses

Climate mitigation efforts are expected to have a major impact on businesses in the coming years.

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Importance of Climate Adaptation

Climate adaptation measures are seen as important by many employers, particularly in South-Eastern Asia.

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Demographic Dividend

The change in the number of people aged 15 to 64, which is considered the working-age population, and its impact on the labor force.

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Shifting Global Labor Supply

The shift in the global working-age population distribution, expected to have more people in lower-income countries by 2050.

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Declining Working-Age Population

The situation where a country's population is aging and shrinking, resulting in a smaller working-age population.

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Growing Working-Age Population

A country's population is growing rapidly, leading to a larger working-age population.

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Dual Labor Force Impact

The impact of both a declining and growing working-age population, experienced by many high-income economies, leading to complex labor market dynamics.

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Study Notes

Future of Jobs Report 2025 Summary

  • The Future of Jobs Report 2025 examines the evolving jobs landscape from 2025-2030, influenced by technological advancements, societal changes, and economic trends.
  • Generative AI is a key driver of occupational disruption.
  • Technology-related roles (e.g., Big Data Specialists, AI specialists, software developers) are projected to be the fastest-growing.
  • Clerical and secretarial roles (cashiers, administrative assistants) are expected to decline in absolute numbers.
  • Workers can anticipate 39% of their existing skills becoming outdated or transformed over 2025-2030. Skills like dexterity, endurance, and precision are projected to decline.
  • Employers cite skill gaps as the biggest barrier to business transformation.
  • 85% of employers plan upskilling initiatives with 70% expecting to hire people with new skills, 40% planning to reduce staff with outdated skills, and 50% planning to transition employees to growing roles.
  • Employee health and well-being are seen as increasingly important to attract and retain talent (64% of employers).
  • Wage strategies aim to align wages with productivity and talent retention.
  • 50% of employers plan to re-orient their business in response to AI adoption.

Global Labor Market Landscape in 2025

  • Global economic outlook is stabilizing, but growth projections are moderate (3.2% for 2025).
  • Inflation is easing, projected to reach 3.5% by end of 2025.
  • Robots and autonomous systems have shown consistent growth (5-7% annually since 2020). Global robot density doubled in 7 years.
  • Significant GenAI skill demand growth, especially in prompt engineering, trustworthyness and strategic decision making is noted.

Impacting Factors

  • Macroeconomic shifts (cost of living, geopolitical conflicts, climate emergency, economic downturns) significantly influence the changing labor market.
  • Aging populations are impacting employers in many countries.

Skill Gaps and Workforce Transformation

  • Skill gaps are the primary barrier to business transformation, according to employers.
  • Employers are prioritizing upskilling initiatives.
  • Geographic variations exist in expectations of AI's transformative impact.
  • Climate mitigation measures are gaining attention for business transformation in some regions.
  • Demand for green skills is outpacing supply.
  • Demographic shifts affect global labor supply. Lower-income countries are projected to have a larger share of the working-age population by 2050.

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