The World Economic Forum (WEF) sees a net job creation of 78 million globally by 2030, equating to 22 percent of jobs disrupted by that year.

It sees 170 million new roles set to be created and 92 million displaced, resulting in a net increase of 78 million jobs. Technological advancements, demographic shifts, geoeconomic tensions and economic pressures are the key drivers of these changes, reshaping industries and professions worldwide.

"Trends such as generative AI (artificial intelligence) and rapid technological shifts are upending industries and labour markets, creating both unprecedented opportunities and profound risks," said Till Leopold, Head of Work, Wages and Job Creation at the World Economic Forum. "The time is now for businesses and governments to work together, invest in skills and build an equitable and resilient global workforce."

Drawing on data from over 1,000 companies, the report finds that the skills gap continues to be the most significant barrier to business transformation today, with nearly 40 percent of skills required on the job set to change and 63 percent of employers already citing it as the key barrier they face.

Technology skills in AI, big data and cybersecurity are expected to see rapid growth in demand, but human skills, such as creative thinking, resilience, flexibility and agility, will remain critical. A combination of both skill types will be increasingly crucial in a fast-shifting job market.

Frontline roles and essential sectors like care and education are set for the highest job growth by 2030, while advances in AI and renewable energy are reshaping the market – driving an increase in demand for many technology or specialist roles while driving a decline for others, such as graphic designers.

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