Revealed! These Are The Top 10 Fastest Growing & Fastest Declining Jobs For The Next 5 Years

One word that sums up what has been happening in the job market globally is disruption, especially in the post-pandemic era. The global labour market is constantly being reshaped by the digital revolution, efforts to decarbonize in the face of the climate crisis, and other geopolitical and social changes.

And a recent revelation through the World Economic Forum's Future of Jobs Report 2023 has given a glimpse into what employees as well as employers can expect in the next 5 years.

World Economic Forum's Future of Jobs Report 2023

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About 69 million new jobs are anticipated to be created and 83 million eliminated, i.e., a net decrease of 14 million jobs. The report has also listed the top 10 fastest-growing jobs as well as the top 10 fastest-declining jobs in the period 2023每2027.

10 Fastest Growing Jobs For The Next 5 Years

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1. Al and Machine Learning Specialists

2.Sustainability Specialists

3. Business Intelligence Analysts

4. Information Security Analysts

5. Fintech Engineers

6. Data Analysts and Scientists

7. Robotics Engineers

8. Electrotechnology Engineers

9. Agricultural Equipment Operators

10. Digital Transformation Specialists

10 Fastest Declining Jobs For The Next 5 Years

1. Bank Tellers and Related Clerks

2. Postal Service Clerks

3. Cashiers and ticket clerks

4. Data Entry Clerks

5. Administrative and Executive Secretaries

6. Material-Recording and Stock-Keeping Clerks

7. Accounting, Bookkeeping, and Payroll Clerks

8. Legislators and Officials

9. Statistical, Finance, and Insurance Clerks

10. Door-to-Door Sales Workers, News and Street Vendors, and Related Workers

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Also Read: 88% Indian Employees Willing To Quit Their High-Paying Jobs For Mental Wellbeing: Survey

What＊s driving the future of jobs?

The report mentioned that macrotrends, including the green transition, ESG standards, and localization of supply chains, are the leading drivers of job growth, with economic challenges including high inflation, slower economic growth, and supply shortages posing the greatest threat.

Advancing technology adoption and increasing digitization will cause significant labour market churn with an overall net positive effect on job creation. Also, more than three-quarters of the 803 companies surveyed for the report are looking to adopt big data, cloud computing, and AI technologies in the coming five years.

Moreover, to compensate for expected job losses, global efforts to decarbonize in response to the climate crisis are giving rise to a wealth of green jobs across sectors and industries. A green recovery scenario could generate around 3.5% of additional global GDP growth and a net employment gain of 9 million new jobs each year, according to International Energy Agency data, as per the WEF report.

The green transition could create 30 million jobs globally in clean energy, efficiency, and low-emission technologies by 2030.

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