According to the ‘Global Capital Confidence Barometer’, the use of technology, automation and AI for some routine processes is increasing as labor becomes scarcer and the battle for talent intensifies. This could enable companies to free up valuable resources to focus on broader strategic issues.
“To become a truly differentiated bellwether in your market sector, start by raising the bar of expectations for your leadership team. Envision a ‘movement’ that you can passionately lead in the marketplace — as the recognized #1 or #2 influencer.”
The outlook for future employment growth remains positive. Cyberstates projects the base of U.S. technology occupation employment will grow to 8.6 million by 2026. Retirements will put even more pressure to meet the need for tech talent, according to CompTIA.
The trend toward more complex, multi-skilled jobs isn’t new, but it’s speeding up. A study projects that hybrid jobs will grow by 21% over the next decade, that’s more than twice the 10% growth rate of the global job market overall.