Future of Jobs Report 2023 (World Economic Forum Financial Services)

Summary

• The fourth edition of the Future of Jobs Survey brings together the perspective of 803 companies.p.5
• Employers anticipate a structural labour market churn of 23% of jobs in the next five years.p.6
• Employers estimate that 44% of workers' skills will be disrupted in the next five years.p.7
• AI and Machine Learning Specialists top the list of fast-growing jobs, followed by Sustainability Specialists, Business Intelligence Analysts and Information Security Analysts.p.6
• Bank Tellers and Related Clerks, Postal Service Clerks, Cashiers and Ticket Clerks, and Data Entry Clerks are expected to decline fastest.p.6
• The survey covers 27 industry clusters and 45 economies from all world regions.p.4

Key insights

1. Technological advancement is expected to drive job growth in more than half of surveyed companies, offset by expected job displacement in one-fifth of companies.p.5
2. All but two technologies are expected to be net job creators in the next five years: humanoid robots and non-humanoid robots.p.6
3. Cognitive skills are reported to be growing in importance most quickly, with creative thinking growing slightly more rapidly than analytical thinking.p.7
4. Technology literacy is the third-fastest growing core skill.p.7
5. Leadership and social influence ranks five places higher than suggested by its current importance.p.7
6. Skills gaps and an inability to attract talent are the key barriers preventing industry transformation.p.7