The labor market is evolving faster than many anticipate, driven by demographic changes and technological advancements. According to the World Economic Forum's report titled "The Future of Jobs," these shifts could result in a net loss of five million jobs by 2024, with an estimated 7.1 million jobs disappearing—primarily in white-collar, office, and administrative roles.
The report, which surveyed over 350 employers across nine industries in 15 of the world's largest economies, offers insights into the labor market's future. While the job landscape is expected to undergo radical changes, certain occupations are projected to see significant growth. Here are the top eight job categories expected to be in higher demand:
1. Data Analysts
Data analysts are set to become increasingly vital across all industries by 2024. With technological disruptions generating vast amounts of data, companies will need data analysts to interpret this information and guide decision-making processes.
2. Computer and Mathematical Jobs
The demand for computer and mathematical roles, including software developers, computer programmers, and information security analysts, is expected to surge. These roles will be crucial as industries continue to innovate and embrace digital transformations.
3. Architecture and Engineering Jobs
The next four years will see a steady demand for professionals in architecture and engineering, particularly in fields like biochemicals, nanotechnology, robotics, and materials. By 2020, two million new jobs are anticipated in these areas globally.
4. Specialized Salespeople
As industries evolve, there will be a growing need for specialized salespeople who can effectively communicate a company’s offerings to a diverse client base, including businesses, governments, and consumers. For instance, digital media companies may seek sales experts well-versed in mobile advertising.
5. Senior Managers
Industries undergoing transformation will require a new breed of senior managers capable of leading companies through periods of change. Sectors like media, entertainment, and information are expected to need innovative leaders to navigate these disruptions.
6. Product Designers
Creativity is predicted to be one of the most sought-after skills by 2024. As automation takes over repetitive tasks, creative roles, such as commercial and industrial designers, will remain crucial for developing new products like cars, gadgets, and appliances.
7. Human Resources and Organizational Development Specialists
As the job market transforms, there will be a need to re-skill the existing workforce. Companies will rely on human resources and development specialists to hire competitively and equip employees with new skills necessary for emerging job roles.
8. Regulatory and Government Relations Experts
As companies adopt new technologies, there will be an increased demand for regulatory and government relations experts. These professionals will help navigate the legal landscape, particularly in sectors like autonomous vehicles, where close collaboration with government regulators will be essential.
As the world of work changes, these roles are expected to be at the forefront of job growth. Keep these careers in mind if you're planning your future in a rapidly evolving job market.
Thank you for reading! We’d love to hear your thoughts on which jobs you think will be in the highest demand in the future. Share your views in the comments section below.
