The characteristics of the fourth Industrial Revolution are destined to bring about different impacts on employment, which are no longer confined to one industry, but all industries. © 2017 Change. Opinions The Future Of Marketing In The Fourth Industrial Revolution: Jobs, Teams & Culture. Within the near future, we can expect to see a reduction in the number of full-time staff in manufacturing and agricultural roles as many of these positions are already being phased out due to increased automation. As the world is on the cusp of the 4th Industrial Revolution, there will be radical impact on the future of the jobs and employment. The Fourth Industrial Revolution: Economic Impact and Possible Disruptions. The first challenge facing human resources managers is how to recruit for the new job rolesthat have been brought about by the fourth in… “It's not about looking at the risks involved in adopting AI – this is going to happen and revolutionise your business, every business. When it comes to talent acquisition, it can be easy to get bogged down in admin tasks like screening resumes or scheduling interviews. While robots may be better at quickly, efficiently and safely completing physical, predictable tasks, robots aren’t better at everything. Such innovative technology poses both an opportunity and threat to recruiters. Some envision a dystopian, hellish world straight out of a Sci-Fi film where robots have taken all the jobs leaving humans unemployed and miserable. 2. Robots are already being used with the recruitment industry to make recruiters’ jobs easier, quicker and more fulfilling. According to the resulting WEF report, over 7 million jobs are at risk in some of the world’s largest economies in the next five years, due to rapid technological advances in fields such as robotics and 3D printing. New Fourth Industrial Revolution jobs in manufacturing In the Fourth Industrial Revolution, economic growth is likely to shift. Registered Office: 2 Manor Place, Edinburgh, Scotland, EH3 7DD. According to Klaus Schwab, the proximity of the Fourth Industrial The World Economic Forum reports that 38% of businesses believe AI and automation technology will allow employees to carry-out new productivity-enhancing jobs while over 25% of companies think automation will result in the emergence of new roles. Transformations and disruptions are already occurring within labour markets across the world. The Fourth Industrial Revolution: Benefits and Challenges. In addition to new roles and responsibilities, the 4th Industrial Revolution could also lead to more companies employing specialist contractors or remote workers. We’re excited about the upcoming changes and are currently looking for ways to integrate AI technology into our workplace. It’s reshaping government, education, healthcare, and commerce—almost every aspect of life. <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 595.32 841.92] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> <>/Metadata 1110 0 R/ViewerPreferences 1111 0 R>> Previous industrial revolutions destroyed jobs, but also created new jobs and industries. We have had three industrial revolutions and we’ve just crossed the threshold into the fourth. This document is intended for public use. There’s never been a better time to be in marketing, but there has never been a worse time to identify the talent that marketing will need in the future. The Annual Meeting is taking place in Davos from 20 to 23 January, under the theme “Mastering the Fourth Industrial Revolution”. Change won’t wait for us: business leaders, educators and governments all need to be proactive in up-skilling and retraining people so everyone can benefit from the Fourth Industrial Revolution. %PDF-1.7 2 0 obj With the fourth, while jobs are being destroyed, there is already evidence that the established sectors are not creating enough jobs to fill the gap. <> Many predict that the Fourth Industrial Revolution will be adverse for employment, unlike the previous industrial revolutions, in which the jobs created thanks to the new technologies far However, automating key tasks could eradicate the more tedious aspects of our jobs and allow human employees to focus on more meaningful, fulfilling tasks. As a result, roles that involve recognising cultural sensitivities, caring for others, creative or complex reasoning or perception and manipulation are unlikely to be automated. It's also become clear that while most of the jobs lost require lower-skilled physical or administrative back-office work, the job… It may be distributed without the permission of the Centre of Excellence in Financial Services, as long as reference and credit is given to the authors when cited. For example, the rise of online flight comparison sites has drastically reduced the number of physical travel agents and advancements in mobile technology has made switchboard operators obsolete. South Africa has recently hosted the 28th World Economic Forum on Africa in Cape Town under the theme “Shaping Inclusive Growth and Shared Futures in the Fourth Industrial Revolution (4IR)” and African countries were urged to jump on the opportunities of the 4IR as it promises gains in scientific knowledge, human health and economic growth and to vastly improve the lives of humanity. The session left us with a … The OECD released a list showing the likelihood of roles, within specific industries, becoming obsolete or automated. Let us know your thoughts about AI and the future of work by leaving a comment on our LinkedIn post. endobj AI technology can help. Specialist recruiters, especially within sectors that are highly vulnerable to automation, may need to upskill or shift their focus to a new discipline to stay in the game. In the future, it can also change the things we value and the way we value them. New trades with new skills will be created and some jobs that are currently being done by humans will be replaced by automated systems. Intelligent screening software, like Ideal, can help recruiters process large volumes of CVs to find the ideal candidate. (Click to Tweet!) Robots can also more effectively and safely handle tasks within industrial plants and as such their use in manufacturing dates back as early as the 1970s. Here at Change Recruitment, we prefer to think that the Fourth Industrial Revolution will have a mostly positive impact on the future of work. Eventually, smart devices might have enough information to make autonomously make decisions and control key business processes like supply chains without human input. All rights reserved. Giving potential and current employees more freedom to work how, when and where can be very beneficial for companies. BBC reports that human resource administrative workers have an 89.7% chance of being replaced by a robot. The easiest to predict, and most widely discussed impact of the fourth industrial revolution, is its potential to increase unemployment. The Fourth Industrial Revolution was the talk of Davos (the World Economic Forum – an annual meeting of global political and business elites) this year.. The Fourth Industrial Revolution is changing how we live, work, and communicate. %���� 4 0 obj Some worry that the 4th Industrial Revolution could create a dystopian world where robots have taken our jobs and there’s a massive wealth disparity between those that own the robots and those that don’t. Impact 50: Investors Seeking Profit — And Pushing For Change ... 5 Important Ways Jobs Will Change In The 4th Industrial Revolution. Preparing tomorrow's workforce for the Fourth Industrial Revolution | For business: A framework for action Foreword Around the world, many employers who already are struggling existing mismatch between youth skills and employer needs threatens to become even wider as Industry 4.0 transforms business and jobs faster than workers can adapt.

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