A report title, “Future of the Skills Landscape 2024,” highlights the importance of ongoing reskilling in India’s workforce, as concerns about job loss due to technology increase. A survey by Hero Vired found that 78% of respondents believe upskilling is essential in a changing job market. AI is expected to be the most in-demand skill in five years, with 80% of respondents believing AI-related talents will pay the most by 2028.
The report “Future of the Skills Landscape 2024” highlights the growing anxiety among India’s workforce about job loss due to the increasing prevalence of artificial intelligence (AI). A survey conducted by edtech startup Hero Vired among 2 lakh students, professionals, and academics revealed that 78% of respondents believe that upskilling is essential in a changing job market. AI has a significant impact on job advancement, with 39% of respondents stating that AI capabilities significantly affect people’s advancement in existing positions. However, 43% of respondents are dissatisfied with the amount of AI training their businesses are delivering, highlighting the perceived value of AI talents against real company funding for skill development.
AI has become a hot topic in workplace technology, with 90% of respondents believing that AI will be the most in-demand skill in five years. Surprisingly, 80% of people think that AI-related talents will also pay the greatest by 2028. The study provides insight into the pattern and means of upskilling among professionals, with 43.5% of adults between the ages of 18 and 55 believing that upskilling is necessary every six months. Online courses were chosen by 81% of those who chose to improve last year due to edtech’s expansion of access to skill-building. Additionally, 83% believe that having specific AI skills would enhance career opportunities.
Despite AI promising pay increases, soft skills remain essential, as workers with advanced hard skill sets emphasize the importance of non-technical talents like communication. Digital marketing, green occupations, and mental health counselling were identified as the top three non-technology field jobs in high demand.
Conclusion
The paper “Future of the Skills Landscape 2024” highlights the importance of ongoing reskilling in India’s workforce, as concerns about job loss due to technology increase. A survey conducted by Hero Vired among 2 lakh students, professionals, and academics found that 78% of respondents believe upskilling is essential in a changing job market. AI has a significant impact on job advancement, with 39% of respondents stating it significantly affects people’s advancement in existing positions. However, 43% of respondents are dissatisfied with the amount of AI training their businesses are delivering. The study also found that 43.5% of adults aged 18-55 believe upskilling is necessary every six months, with online courses being preferred by 81% of those who chose to improve last year. Soft skills, such as communication, are still essential as automation increases.
