Tech skills gap will continue widening in 2021
More than 85 % million jobs will be displaced
Speed of digital transformation faster than predicted during this pandemic. From the report developed by Microsoft, about 83% of companies believe they need to embrace tech intensity to be successful in the future. According to Fortune’s interview, 40% of jobs will be replaced by AI and robots in 13 years. It implies that more than 85 million jobs will be displaced between now and 2025. On the flipside, however, the rapid evolution of machines and algorithms in the workplace could create 97 million new roles.
Around 54% of all employees will need reskilling
the need for reskilling and upskilling has become more urgent. Around 54% of all employees will need reskilling and upskilling by 2022 to fill the future talent gap. In fact, during the pandemic, the number of jobs for the top 25% of earners is now higher than it was before the pandemic, while for the bottom quarter — especially in low-wage service sector work — jobs are down by more than 20%.
