Looking for a job in future, or want to retain one? It is time to re-skill, folks!

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Published: January 26, 2018 11:00:52 AM

By 2022, one in ten jobs that exist today will disappear and reports say if you are looking for a job in future, or want to retain your current one, then reskilling is the work you are looking for.

Looking for a job in future, or want to retain one? It is time to re-skill, folks! (Image: IE)

By 2022, one in ten jobs that exist today will disappear and reports say if you are looking for a job in future, or want to retain your current one, then reskilling is the work you are looking for. The future of jobs in 2022 will be determined three primary forces – globalization, demographic changes and the adoption of Industry 4.0 exponential technologies by Indian industries. Jobs that are based on routine processes like software testing are likely to be most impacted by automation in the software development value chain, a report EY said.

A joint report by FICCI and NASSCOM said the same. The changing hiring environment would soon require completely different skill sets. According to the report, the internet and exponential technologies are creating new employment opportunities in the areas of ‘white-collar’ working. An elaborate global report released by the World Economic Forum had the same to say: We are moving towards a reskilling revolution — a future of jobs for all.

Wait, even top industry leaders are saying that it is time to reskill. The job market situation in India can turn grim soon for IT employees if they fail to reskill themselves at the earliest, top business leaders believe. “The new jobs require higher skills and therefore reskilling has become very important,” R Chandrashekhar told PTI. In fact, even industries are reskilling and upskilling for employee retention so every employee knows today if they don’t upskill sooner or later they are going to be redundant.

“Given the impending job displacement and rapid changes already underway in the types of skills demanded by the labour markets of the Fourth Industrial Revolution, the arguments for taking action now are compelling for individuals, employers and policy-makers,” the report by the WEF said.

For individuals, particularly those under risk of displacement, simply to remain employed will require engaging in lifelong learning and regular reskilling. Additionally, for all workers, continuous learning will not only be key to securing employment but also to building stable, fulfilling careers and seizing rewarding job transition opportunities, it added.

By 2020, 60-65 per cent of the workforce in the IT sector and 50-55 per cent in the automotive sector in India would work with radically different skill sets, the FICCI report said. Future job opportunities will be higher in these roles: VFX Artist, Computer Vision Engineer, Wireless Network Specialist, Embedded System Programmer, Data Scientist, Data Architect, AI Research Scientist, Automobile Analytics Engineer, 3D Printing Technician, Vehicle Cybersecurity Expert, Sustainability Integration Expert et al.

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