Six key workforce trends to watch out for in 2024

With fast-changing external forces and developing technologies, businesses are predicting that by 2027, the core skills of nearly half the available workforce globally will be affected.

This was one of the key findings released from the World Economic Forum’s Future of Jobs Report, which acknowledged that organisations are unable to design and scale up their training programmes to match up with the rapid advances made by technology.

Experts identified AI as a key disrupter to the way we work, but factors such as the green transition and geo-economic conditions will affect almost a quarter of jobs by 2027. Upskilling and development will also be critical in the coming years to ensure an equitable future of work, shared the World Economic Forum. One of the key takeaways that these leaders at the World Economic Forum’s Annual Meeting have shared is that they believe that any investments made by organisations in the industry have to be made with equivalent investment in people.

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Business leaders and experts who gathered at Davos during the Annual Meeting have identified and predicted six work and workplace trends, such as an uneven boost of productivity from Generative AI, especially in knowledge-heavy industries such as IT and digital communications; the growth of digital jobs which is expected to hit around 92 million by 2030; rising unemployment from 5.1% to 5.2% in 2024; less permanent workspaces for employees thanks to the rise of hybrid and remote work; an increasing emphasis on reskilling, especially in the use of technology such as AI and digital technologies; and a rising number of women joining the workforce, thanks to the increase in better quality childcare, redesigned childcare packages and increased subsidies.