Job jitters: Professionals grapple with job security fears as AI dominates the scene
A recent study, 'Future of the Skills Landscape 2024,' unveiled that 82 percent of working professionals are concerned about losing their jobs to emerging technologies like AI.
artificial intelligence
Highlights
- AI's emergence triggers job security anxieties among professionals
- 78% of respondents believe upskilling is key amid job concerns
- Report forecasts AI as the top in-demand skill for the next five years
In the ever-evolving world of technology, the specter of artificial intelligence (AI) replacing human jobs has long lingered in the collective consciousness. As we ushered in the year 2023, a seismic wave of layoffs swept across industries, fueled by a sluggish economy and the unstoppable march of innovative technologies.
The resounding question on the minds of employees became palpable—could AI, once hailed as a beacon of progress, now pose a threat to their job security? Well as per a report, 82 percent working professionals think that they might be replaced with AI.
Navigating job insecurity: Recognising the concerns
In a recent report titled 'Future of the Skills Landscape 2024' by Hero Vired (a Hero Group Company, offers online certification programs and courses in emerging tech), the concerns among working professionals regarding potential job loss due to evolving technologies are highlighted. An extensive study, encompassing 2 lakh individuals, revealed that 82 percent of working professionals expressed worry about the impact of technological evolution on job security.
Upskilling as a proactive strategy
Despite the prevailing concerns about job loss, a remarkable 78 percent of respondents acknowledged upskilling as a proactive strategy to navigate the rapidly changing work landscape. This indicates a growing awareness of the necessity for continuous learning and skill enhancement to remain relevant in the dynamic job market.
Role of AI in shaping careers
The report further delves into the pivotal role of artificial intelligence in influencing career trajectories. It noted that 39 percent of respondents believe AI knowledge significantly influences career growth opportunities. However, a significant 43 percent expressed dissatisfaction with the lack of adequate AI training provided by their employers, highlighting a gap between perceived importance and actual training provisions.
Predicting the future: AI in demand
Digging deeper into the growing demand for AI-related skills, the report predicts that AI will be the most sought-after skill in the next five years, offering the highest-paying jobs. This prediction sheds light on the evolving job market and the need for professionals to equip themselves with AI-related expertise.
Frequency and preferences for upskilling
The report reveals that 43.5 percent of working professionals believe there is a growing need for upskilling every six months, with new technologies being introduced. Additionally, 81 percent of respondents who upskilled in the last year chose online courses in their learning journeys, indicating a preference for flexible and accessible education.
Lucrative opportunities in AI-related jobs
An additional report by ZDNET (a business technology news website) on AI-related jobs unveils the high demand for positions like the artificial intelligence prompt engineer. This role, responsible for creating questions and instructions for programs like ChatGPT, is currently in high demand and offers a salary as high as $300,000, around Rs 2.4 crores.
The landscape of employment is undergoing a transformative shift, and professionals must adapt to stay relevant. Recognising the importance of upskilling, embracing AI knowledge, and staying informed about emerging trends are crucial steps to navigate job uncertainties successfully.
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