Technology is growing by leaps and bounds in recent years and it’s showing no signs of slowing up just yet. Great, right? On the whole, yes, but to many, it leaves their career role of many years insecure.
In the UK, reports suggest that 30% of jobs could be under pressure because of potential breakthroughs in artificial intelligence. Jobs in certain sectors in the US also face extinction with four out of 10 roles being threatened to be replaced by 2030.
However, it’s certainly not all doom and gloom, even if you’re in a vulnerable role, such as real estate brokers. The time is now to make the move and jump on the technology bandwagon - and here’s why:
Millennials are quickly becoming the biggest part of the working environment. Bringing with them a desire to shift away from the 9-5 roles, more of the workforce is dreaming of a flexible shift pattern that will enhance their work/life balance – freelancing certainly offers this.
The average working week is steadily getting longer, but the public appears happy to accept this change, as long as they have more control over their start and finishing times.
The 2017 Talent Trends study revealed that nearly a third of all companies currently use freelancers to fill a number of their vacant roles.
In fact, as we witness a huge shift from the ideology of full-time working, freelancing is allowing us to take on more than one job at a time, which could, in turn, lead to a higher salary overall.
And, with start-up businesses sometimes reluctant to hire full-time employees, freelancers are hugely appealing.
As well as being able to work at any time of the day, remote working is high up on the wish list for the millennial workforce - a job in a tech-related field can often offer this incentive.
However, it’s not just convenience that appeals to employees. In America, a survey showed that 65% believe remote and flexible working would increase productivity levels - removing key distractions in the office environment including gossip, social media and snack breaks.
GoInspire’s chief web designer and owner, Nathan Murphy, claims that remote working is one of the key benefits of working in the industry thanks to technological developments. “Owning your own business can mean you’re too busy to take a holiday or a break from your schedule. However, last year I was able to work remotely in Malta,” says Murphy.
“The power of the internet means that you there’s never a need to be in the office environment to get your work done. My clients are spread around the globe and, thanks to technology, I can sustain my workflow with anyone in the world in order to continue doing the job that I love.”
As lower-end roles begin to fade out, technological advances have led to a higher need for certain skilled roles. With this new skill set comes a higher wage – and a greater salary increase year on year.
A study by Paysa revealed that tech jobs can be even more lucrative than a career in sports. It states that an average MLB career lasts just five and a half years.
In this time, the average earning potential stands at $2,912,000; this is nearly half the total career earnings of an engineer, whose lifetime take home could top $5 million, with a yearly salary typically being $125,480.
It is also clear that landing your dream career as a professional sports player is a lot less likely, with six out of 10 engineer students gaining a degree, and 97% landing a role in the field.
Certain roles may well be peering over their shoulders due to the threat of technology, but these new advances are actually creating more jobs than they are ‘killing’. Thanks to technology, knowledge-intensive employment sectors, including the healthcare industry, have benefitted.
It has also helped to lower costs of essentials, increased disposable income and helped to create a new demand for roles that were not previously there.
In 2016, the average web developer earned $64,970 and, although it may not be the highest salary in the tech industry, the number of jobs available is expected to grow by 27% by 2024.
Computer systems analyst roles are also expected to increase by 21% in the same time frame, with software engineers to grow by 17%.
It’s also worth noting that, no matter what your interests are, you can find a job involving technology as every industry is now saturated with a need for tech professionals.
Science, technology, engineering and maths (STEM) are set to thrive because of the rise of artificial intelligence, but currently, only 16% of high school seniors in America show an interest in this career path.
Thanks to technology constantly evolving, you will always be able to improve your knowledge, as many roles now look for certifications to enhance your position.
With more companies consistently migrating their business to the cloud, being certified is one area in which tech professionals can really stand out from the crowd and get ahead of the game.
A recent salary survey confirmed that, although four out of five workers in NetSuite expect their roles to increase within 12 months, only one in five actually possessed a foundation certification.
Gaining such qualifications can help you get hired, but also to retain your current position. As businesses always look to cut costs, certifications can show you’re invaluable to your business. They can also lead to promotions as your skills improve and your credibility increases.
So, it’s clear that although certain roles are in danger of becoming extinct, thanks to technology there will be an abundance of jobs still available, and a whole lot more being created as the world keeps evolving around us. Whether your passion lies in sports, music, or literature, technological advances will carry on creating new roles in an industry of interest.
Now is the time to leave the uncertainty behind and jump on board the tech train - it’s definitely going to be here to stay for the foreseeable!