Top 5 Disappearing, Resilient and Emerging Careers 2020-30

Top 5 Disappearing, Resilient and Emerging Careers 2020-30

Everyone is aware of the 4th Industrial Revolution, which is transforming the future of work and by implication the future of talent recruitment but how important is this?

Is this happening now?

Whilst much of the UK is absorbed in BREXIT paranoia, which will disrupt the economy as well as create some economic opportunities few are considering the impact of 4th Industrial revolution on their own recruitment careers, sectors and businesses.

In our recent blogs; Future of Recruitment 2020-2030 – Your Future Starts Today and Future of Recruitment – A Shifting Paradigm for Recruiters  we have highlighted the impact on the UK recruitment markets and the sectors most at risk.

In addition we have highlight the threats to recruiters as well as the opportunities this creates for people over the next 3-5 years.

4th Industrial Revolution – Is it happening now?

The simple answer is yes; it has started. The changes currently are mild and the impacts slow but the direction of travel is there to see.

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To learn more about how to navigate to this new recruitment paradigm click here to read our blog on:

Future of Recruitment – A Shifting Paradigm for Recruiters

Accounting Recruitment – A disappearing future?

Accounting Recruitment – A disappearing future?

With the 4th Industrial Revolution well under way and Automation, Machine Learning and Artificial Intelligence potentially set to displace 7.2 m UK jobs over the next 20 years, many of our clients have started to evaluate the impact on the sectors in which they are operating.

It is not all gloom as it is also anticipated that 7.2m jobs are set to be created according to PWC UK economic Outlook Report .

The challenge is that some sectors are set to fair better than others.

Accounting and Finance is one that some commentators like Frey and Osborne from Oxford Martin University predict will be extensively automated.

 

This interactive graphic from Bloomberg (available on their website) indicates that the following accounting careers are high on the risk of automation

www.bloomberg.com/graphics/2017-job-risk/

 

But how is this so?

Well the first thing to say is that few commentators are predicting that technology will replace whole jobs, merely automate large numbers of activities that are typically performed by people in these roles. In accounting however a high percentage of the tasks performed by people in these roles are likely to be automated.

If you consider the accounting tools now available from Sage they can now accept direct feeds from business bank accounts and for regular transactions “rules” can be created on how the transactions are to be posted and handled.

Once the rules are created the user merely has to click “ok” to post a transaction. With Sage’s chatbot Pegg, receipts can also be logged, balances checked and notifications set up as simply as texting a friend.

In addition with the governments initiative to “Make Tax Digital” and the accounting software providers responding with automated processes to do this the role of simple and basic accounting is being “de-skilled”.

Where does this leave the Accounting Profession?

44713915 – happy young businessman calculating financial data at desk

 

Well the more senior roles such as Finance Director, Financial Controller, Tax Advisor and Management Accountant that involve the interpretation of accounts or the management of complex financial businesses where critical thinking, risk management and the rationalisation of conflicting issues are all required, these roles are at a low risk of automation. That is because they are performing tasks that are harder to automate and are less rule based.

In addition these roles typically command higher levels of status and responsibility as well as salaries and earnings

One option for displaced workers is simple. Displaced professionals will benefit from training-up and re-skilling themselves into these more demanding and challenging roles.

In fact it is safe to say this is true of most of the 7m workers that are likely to be displaced across the whole of the UK economy. The new roles that will be created will require people to re-skill and retrain themselves and are likely to command higher incomes and will be more interesting and challenging as it is the more mundane and routine tasks that are set to be automated.

For all of us “Life-Long Learning” will be a pre-requisite in the next 10-20 years.

If you are interested to see the wider implications on the rest of employment and recruitment sector then you might wish to read our blog:

 

Future of Recruitment – A Shifting Paradigm for Recruiters

 

 

 

 

 

 

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Future of Work – Top 10 Reports

Future of Work/Future of Recruitment – Top 10 Reports

 

In our research we read hundred of reports and blogs each year. It is a dynamic landscape with new reports and interviews with sources out each week but the key reports we recommend reading and on which most of our blogs are based are:

In addition we can’t forget Elon Musk and his Various Interviews on YouTube. You would benefit from at least viewing a couple to gain a more holistic view of the world.

It is not necessary to read every report in full but we recommend at least reading the Exec Summary of some of these reports, though they are regularly quoted in articles and blogs on the Future of Work.

We heavily quote many of these reports and discuss our opinions on them in our two blogs:

Future of Recruitment 2020-2030 – Your Future Starts Today

 

Future of Recruitment – A Shifting Paradigm for Recruiters

 

Future of Recruitment 2020-30 – Your Future Starts Today – RecExpo 2018 Download

This week Ian Knowlson spoke at the Recruitment Expo at the NEC in Birmingham on the Future of the Recruitment Industry 2020-2030.

During the talk Ian discussed many topics including the future of recruitment for Managed Service Providers and Niche Agencies as well as the threats to their businesses future and the opportunities for them.

Ian’s talk received overwhelmingly positive reviews from those in attendance with numerous requests for copies of the slides.

Please complete the form below if you would like to receive the files.