AI to trigger major job market changes by 2030 -- study

Majority of professionals, including in the Philippines which focuses on soft-skills, are expected to dramatically change their job responsibilities by 2030 with the accelerated adoption of generative AI in the workplace, based on the latest report by the the world’s largest professional network - LinkedIn.   

The “Future of Work Report: State of AI @ Work” by LinkedIn  looks at the emerging trends within AI in the workplace and examines the potential impact of AI on the future of work. 

“Professionals can expect their job responsibilities to change by at least 65 percent by 2030 due to AI,” the report stated. It added that many are already looking to expand their skill sets and leverage AI professionally. Companies, too, are already increasing their hiring of professionals with AI skills. 

This developed as ChatGPT, which emerged a year ago, has already ushered in a world of possibilities for professionals  and companies to harness the power of AI to unlock new opportunities. 

“Today, LinkedIn data shows that AI is accelerating significant shifts within the workforce globally,” the study noted. 

LinkedIn data further shows that AI is changing the labor market, as companies are increasingly keen to hire talent with AI-related skills. The share of global English-language job postings mentioning GPT or ChatGPT has increased 21 times since November 2022.

Growth in AI talent-hiring has outpaced overall hiring in APAC, which suggests that companies are hiring more AI talent today than in 2016. In Japan, 24 percent of hiring have AI talent, while in Indonesia and Singapore, 20 percent and 14 percent, respectively. 

Notably, the study revealed that workers are rapidly gaining AI skills, and agree that this is key to their career growth. 

For instance, the study said that in 2016, only three out of every 1,000 members globally could be considered AI talent. By 2022, that number had increased to 17 in 1,000 based on the median share of AI talent across 25 countries.

Based on its definition, a LinkedIn member is considered an AI talent if he has added AI skills such as machine learning to his profile, or he is in an AI-related occupation.

Globally, there has been a 75 percent month-on-month increase in members adding generative AI keywords to their profiles between January to June 2023.

A search on LinkedIn shows that in the Philippines, about 5,000 professionals listed “Artificial Intelligence” as a skill on their profiles  to date. AI continues to shape the skills needed in this new era of work, including driving a rise in importance of soft skills. 

Globally, the skills required for jobs have changed by 25 percent since 2015, and with AI accelerating these shifts, workers can expect their jobs to change even more quickly, reaching at least 65 percent by 2030.

In Asia Pacific, this pace of change has been even higher. Skills, even for the same job, have changed by 36 percent  in Singapore, 31 percent in the Philippines, 30 percent in India and 27 percent in Australia since 2015.

Some of the most in-demand skills in the Philippines are soft skills, as companies prioritize skills such as customer service, management, and communications to help their workforce navigate complex work situations, build relationships, and achieve results.

The report also added that AI talent is defined as those employed in an AI-related job or with at least one AI skills. 

“We’re seeing more LinkedIn members around the globe adding AI skills to their profiles than ever before,” the report added.

Based on AI Skills Index data from 25 countries, by June 2023, the number of AI-skilled members was eight times larger than in January 2016. The index shows that Singapore, Finland, Ireland, India, and Canada are experiencing the fastest rate of AI skills diffusion. 

The adoption of AI skills is expected to extend beyond tech to a range of industries, including retail, education, financial services, and many others.