According to a Forbes article, AI will impact the future of work in much the same way. Continuing to drive massive technological innovations, AI will fuel the growth of new industries and create new jobs and professions. Instead of your replacement, you should view AI as a tool to improve your productivity. It's up to you to learn how to make it work to your advantage.
Technology, apart from AI, continues to develop by leaps and bounds. Political, environmental, and social forces also contribute their fair share in molding the future workforce. As the future is being shaped, start preparing yourself for how to keep up.
Read this article to learn more about future challenges and opportunities in the workforce. Explore solutions to obstacles job seekers will face. Discover what fields will see exponential growth and what jobs will be in high demand. Move past your fears to find the emerging industries and future careers waiting for you.
The future of the workforce is affected by many factors, including the emergence of AI. In this section, let's explore the challenges and opportunities of the future workforce.
Technology and robotic process automation are the first challenges the future workforce will face. Big businesses, often driven by a desire to cut costs and increase efficiency, believe in advanced technology. As a result, they constantly upgrade to the latest tech and automate where possible.
Jobs with simple repetitive tasks - like assembly workers and information desk clerks -are at risk of being automated. And, as technology advances, so will the capabilities of machines, allowing companies to optimize the manufacturing process even further. This is reminiscent of the Industrial Revolution, except we're dealing with AI instead of industrial production machinery.
Another major challenge for future jobs will be AI. Since the 1950s, people have tried to get computers to think like humans by using AI. In the 2010s, Gmail, Facebook, and Netflix have used simple AI models to block spam, recognize faces, or suggest the next movie to see.
But generative AI, like OpenAI's ChatGPT, is an entirely different animal. It doesn't just block spam. It can perform complex text-based tasks, such as answering questions, writing content, and teaching coding skills. Bard (Google), Copilot (Microsoft), and LLaMa (Meta) are now also on the market, all offering their own generative AI chatbot services.
AI might be able to create articles and images, but AI-generated content is known to have many flaws. AI-written code doesn't always work and AI-written articles can be false or misleading. Then there's the challenge of writing the right text prompt (command) so the AI will give you exactly what you want.
Right now, there's no need to worry about AI taking over. Generative AI is still just an effective tool that makes you more productive. It won't replace you since people still do the job better.
Change happens at breakneck speed. Companies expect you to keep up with these changes by learning new skills. Every time there's an update or future industry trend, you may need more training or upskilling to keep up with the market.
For new functions and roles, you might need reeducation. For existing skills that need improvement, you might receive re-skilling. Through this cycle, learning becomes your new skill.
Like technology, if you don't upgrade yourself, you might become outdated or obsolete. Look at PlayStation 5, Windows 11, Android 12, and iOS 16. Keeping up with the market means creating new versions of yourself to meet future job requirements.
In simple terms, diversity is representation. In a company, the employees should represent a diverse group. Inclusion is how well these people are given a chance to contribute and grow. There should be an environment of respect and a culture that embraces the differences between people. Studies have shown why diversity matters, as it has helped companies achieve better business performance.
As a Filipino, you should enjoy the opportunities D&I gives you. When you do online work for international companies, when you offer your services globally, or when you physically have to work in another country, D&I policies ensure that you will be treated respectfully.
The quarantine contributed to the rise in e-commerce trends. Due to the need for social distancing, commercial transactions started to move to the digital online space. From shopping to paying your bills, everything was handled online.
Even in the new normal, e-commerce is here to stay. It was the salvation of many during the pandemic, and by 2026, estimated e-commerce sales will grow to P1 trillion.
COVID was also the time when remote work opportunities increased. Left with no choice, BPOs allowed their staff to work from home. Then, output-deadline-oriented firms like advertising agencies also went remote. And other companies followed suit.
Video conferencing tools like Zoom became popular. Group chats kept everybody up to speed. And, of course, there was the old reliable email.
Students graduated, applied for jobs online, and got hired online. Businesses abroad that were looking for more affordable labor discovered English-speaking Filipinos. From a just-for-the-moment fix, remote work became a full-time occupation. And Filipinos, happy to be earning from home, embraced the opportunity.
Post-quarantine, remote work continued, morphing into flexible remote work. It was a good deal for some employers. Some businesses could lower their bills by decreasing the days employees came in. Employees also saved a lot on travel and food expenses. Once again, Filipinos adapted and flourished. In the Philippines, where traffic can be a problem, remote and flexible work is here to stay.
Challenges are opportunities you just haven't figured out yet
They also interconnect with each other and mold each other
The best strategies to address challenges and embrace opportunities
The following list is a mix of the fastest-growing occupations and highest-paying jobs. These are U.S. jobs, but from the examples, we can see what future jobs in the Philippines may be like. And for Filipinos seeking work abroad, it's a glimpse of what will be in demand in the future.
Data scientists use analytical tools and techniques to extract meaningful insights from data.
Information security analysts plan security measures to protect an organization's computer networks and systems.
Mathematicians and statisticians analyze data and apply computational techniques to solve problems.
Web developers design and maintain websites. They are also responsible for the site's technical aspects, such as its performance and capacity.
Logisticians analyze and coordinate an organization's supply chain, which is the system that moves a product from supplier to consumer.
Solar photovoltaic installers, also known as PV installers, assemble, set up, and maintain rooftops or other systems that convert sunlight into energy.
Software developers use programming and design knowledge to build software that meets user needs in consumer and industry-specific applications.
Financial managers provide financial reports and interpret financial information to managerial staff while recommending further courses of action.
Registered nurses assess, observe, and speak to patients. They record details and symptoms of the patient's medical history and current health. They prepare patients for exams and treatment, administer medications and treatments, and then monitor patients for side effects and reactions.
Information systems managers design, manage, and monitor information systems by overseeing a team of specialists who install and maintain hardware and software upgrades.
Market research analysts gather and analyze data on consumers and competitors. They study consumer preferences, business conditions, and other factors to assess potential product or service sales.
Accountants help businesses make critical financial decisions by collecting, tracking, and correcting the company's finances. In addition, they are responsible for financial audits, reconciling bank statements, and ensuring financial records are accurate throughout the year.
Project management specialists coordinate a project's budget, schedule, and other details. In addition, they lead and guide the work of technical staff. They may also serve as a point of contact for a client or customer.
Computer systems analysts conduct in-depth tests and analyze information and trends in the data to increase a system's efficiency.
Mental health counselors develop treatment plans, facilitate individual and group interventions, and cover their patients' overall mental health and well-being.
The following are some of the fastest-growing industries that have gained some popularity lately because of media attention. You can expect them to grow in the future.
Due to the sudden popularity of ChatGPT, development in this field will continue to grow. There will still be many experimenters testing out new ways to use AI. With big players investing heavily in this technology, new opportunities will surely follow. The massive interest will also draw regulators into the picture to study the ethics involved in AI.
With society so heavily dependent on digital technology, cybersecurity is already a very in-demand field. It's expected to flourish even further in the future as security attacks become more aggressive and effective.
Huge strides in development in this field have fueled interest, attracting investors and developers alike. Previously primarily designed for gaming, AR/VR has excellent potential as simulations for training and education. The entertainment sector may take advantage of virtual sets for shows.
Many people now think blockchain technology is essential in transactions between industries. It is one of the most in-demand jobs. Aside from streamlining verification during transactions, it offers robust security and enhances data privacy and protection. The use of blockchain is expected to expand the global economy by $1.76 trillion in 2030.
Companies now need innovative, adaptive, and ever-changing workers to stay competitive in today's global marketplace. Continuous learning educators will be the best at this since they practice what they preach. They will be able to impart knowledge and skills, not just through words but also through examples.
As the world continues to prioritize sustainability and combat climate change, the demand for renewable energy technologies is expected to surge. Industries such as solar, wind, hydroelectric, and geothermal energy are experiencing rapid growth, driven by advancements in technology and increasing investment in clean energy infrastructure.
As the world becomes more digital, new graduates need to prepare to meet the needs of modern businesses. Some companies train new hires themselves so that they can start work. Those who don't provide training require candidates to seek training on their own.
In a 2019 survey, the Society for Human Resource Management reported that 51% of respondents said that "educational systems have done little or nothing to help address the skills shortage." The soft skills mentioned were problem-solving, critical thinking, innovation, creativity, communication, and the ability to deal with complexity and ambiguity. Employers now place more importance on soft skills than technical skills when hiring. Expect this trend to continue in the future.
Meanwhile, in the Philippines, the National Skill Mapping Survey - conducted in 2021-2022 by the Bureau of Investments - showed that college grads are ill-prepared for IT-BPO jobs. More workplaces want schools to promote continuous learning and help students learn those important soft skills. Here are some solutions that could fix the issue.
There are two vastly opposing views about jobs in the future. The negative view assumes that millions will lose their jobs to AI, and society will crumble. The positive view believes workers will use AI to their advantage and enjoy a higher quality of life.
Nobody can predict the future – we can only stay ready. So, how can you remain competitive in the future job market? Through continuous learning. Stay positive. Keep informed. Stay focused. And above all, keep learning.