PREDICTIONS FOR THE JOB MARKET OF THE FUTURE - 3i Infotech

PREDICTIONS FOR THE JOB MARKET OF THE FUTURE

The job market is set to witness a radical change in the coming future. The introduction of digital transformation services like Artificial Intelligence (AI) will prove to be a boon and a curse for many workers. Sophisticated technology and a number of other factors like migration, population increase, etc will change the future job market. According to a Gartner report, “artificial intelligence (AI) will end up creating more jobs – 2.3 million to be exact by 2020.” But the report also revealed troubling statistics, which is that “AI would nevertheless, end up taking away 1.8 million jobs by 2020.”

Artificial Intelligence, cutting-edge technology, and smart robots will end up absorbing the jobs of millions of workers. The change has already set in. Voice assistants and other similar technologies are already doing half of the work that could be done by humans. This change can be witnessed in banks, hospitals, the police force, government bodies, etc. Artificial Intelligence could very well replace your job too.

White collar jobs, in particular, will witness a curb in job growth, simply because, in the next few years, robots will be doing most of it. One of the main reasons for this is because, with Artificial Intelligence, the scope for human errors is minimized. Machines are faster and more accurate and non-partisan.

Here are some of the major changes that will be witnessed in the job market in the ensuing years:

1. The market will get more competitive

There’ll be a surge in companies in the coming future. The competition will be stiff, and companies will have to beat the rest of their competitors when it comes to attracting talent.

2. Job descriptions will matter

Attracting the right talent will also depend on a whole new way on how you articulate a job role. A bland and boring job description will not garner many responses. A job description that highlights the benefits that you offer the candidate put out in a quirky and interesting content format will rake in the kind of responses that companies are targeting.

3. What are you offering?

In the future, perks such as remote work opportunities will impact applications. Additional benefits are more than welcome, and job seekers are looking to move to companies that offer them. Benefits such as medical benefits, maternity and paternity leave policies, a great take-home salary, as well as benefits like accommodation perks, will set you apart from the rest of the competitors.

4. Make information more public

You’ve probably heard of the saying, ‘a little knowledge is a dangerous thing’. When candidates don’t have adequate information about a company, they tend to overlook it. This can prove to be very detrimental to a company. If you want to rope in the right candidate, to secure your company’s future success, then it’s best if you put out information about your company on all the major platforms in all forms of content formats.

The market is set to change, are you ready to ride the waves of change?

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