AI could boost UK job market by 610,000

According to new research from ServiceNow, the UK job market could be set to undergo a major transformation with the creation of 610,000 new roles by 2028 thanks to advancements in AI.
October 01, 2024
Back

The research, based on the analysis of data from various work markets via machine learning, explores the effects of artificial intelligence across different sectors.

AI to have major effect on UK jobs market

Moreover, education (190,000) and healthcare (90,000) could be set for added roles.

Alarmingly, the study depicts artificial intelligence’s negative effects on the job market too, which many workers seemingly facing a threat from the technology. The retail sector could see the loss of 240,000 jobs by 2028, with manufacturing (90,000) and financial services (50,000) also losing out considerably.

Damian Stirrett, Group VP & GM UK & Ireland, said: “Like other technologies before it, on one hand AI will disrupt the workforce, and on the other, create a net-positive gain in employment.”

Besides the creation of new jobs, ServiceNow’s report highlights the productivity benefits that existing workers could unlock. In the tech sector, the company estimates that the average system administrator could gain up to 12.6 hours weekly.

These emerging technologies will need implementation and maintenance, which is why a further 400,000 roles are expected to be created. Those looking to upskill in anticipation of new role creation should consider getting into computer and information system management, development, and data engineering.

On the whole, ServiceNow believes that the global workforce will mostly grow, except for ageing populations such as Germany and Japan. By tackling the perception that AI could be taking human jobs, the report reveals emerging markets and a shift in workforces, rather than eliminating workers entirely.

Original Article: Techradar

Bridging talent with AI-driven opportunities for a future-ready workforce – contact our HR & digital recruitment specialist Gareth Allison on 02920 620702

 

Other articles
October 20, 2023

Almost half (46%) of employers in Britain confess that they are facing a shortage of workers to get the necessary work completed. This is according to new research from SD Worx, the leading European HR solutions provider. To collect this research, SD Worx surveyed 16,000 businesses in sixteen countries across Europe, including the UK, France, Germany, Italy and Belgium….

March 06, 2023

Meanwhile, people across all industries have increasingly turned to private work as the cost of living pushes them to seek higher wages. The flexibility afforded by temporary work also appears attractive to those experiencing post-pandemic burnout. For recruitment agencies, all this is causing sudden and pronounced spikes in demand. This is difficult to manage operationally…

Let's talk. Get in touch with us today!

Ask a question
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Risus morbi magna non, vitae placerat molestie viverra molestie odio.

    Thank you, the team will be in touch shortly