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Fastest growing vs. fastest declining jobs

The World Economic Forum's Future of Jobs Report 2023 presents a stark projection: 44% of worker skills are expected to change significantly within the next five years, a notable increase from 35% in 2016. This shift underscores the relentless pace of digital transformation impacting industries globally.

The data paints a clear picture of the evolving job landscape. Among the top 10 fastest declining jobs, clerical and administrative roles, particularly those involving routine tasks such as data entry, are rapidly diminishing. The report highlights that data clerks are expected to face the highest absolute job losses, with a projected 8 million positions disappearing in the next five years. Administrative and executive secretaries, along with accounting, bookkeeping, and payroll clerks, are also significantly affected, collectively representing more than half of the anticipated job reductions.

The bottom line? If your company is not investing in digital technologies, and accelerating the automation of processes, your business might just follow these data entry clerks down the path of extinction!