Wednesday, May 25, 2016

Your Job is Being Redefined

A recent report by McKinsey & Co examines the role of automation in work life. It shows that 45% of work activities overall could be automated. It goes on to say, however, that only 5% of occupations can be replaced with current technology. So few occupations are likely to be replaced with technology in the near future. However, 60% of all occupations could have 30% or more of their activities automated.

This redefinition of jobs extends across the spectrum, from professionals like accountants and lawyers to travel agents (already largely redefined), bank tellers (heavily redefined) and airline pilots (who often steer as little as 4% of a flight.

Job redefinition is a major challenge for people as well as their employers. It calls for constant retraining and continuing change. Clearly adaptability and learning are more and more crucial to success in this evolving world.

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