Job Opportunities in the Labor Market of The Future

The choice of the profession should primarily correspond to the personal interests of each worker. But with the ever-changing society, the demands on the job market are changing as well. Long-established occupations are dying out and new ones are added year after year. For example, about 20 years ago nobody heard anything from a digital content designer or a social media manager. We show you what you have to keep in mind and how you can secure your chances on the job market of the future.

The choice of the right study

As part of its regular pulse check, our portal has now asked students about their assessments of their career prospects. The results show that there are clear differences between the different fields of study. Not all students are sure to have good chances in the labor market with their studies in the future. At least 6 percent are already certain that there will be no change of job in the medium and long term.

Technical professions remain in demand

Keywords such as digital change and Industry 4.0 have dominated the world of work for several years. The associated need for qualified specialists shows that around 90 percent of surveyed engineering students have no qualms about making a career in their field of expertise over the long term. Especially in the case of the so-called green jobs, such as in the area of ​​solar technology, an increased demand for knowledgeable engineers and skilled workers can be expected in the future. Social and humanities scholars, however, see their job opportunities in the labor market of the future much pessimistic.

Continuing education or industry change?

In order to be able to assert oneself in the labor market in the long term, many students find it necessary to further develop or specialize within their specialist area. An industry change is for the fewest in question. With only 8 percent, the humanities scholars are the leading group here, even though 30 percent of them do not believe in good opportunities in the future labor market.

Which soft skills are required?

Fewest see creativity as an indispensable feature. Apart from their professional qualifications, most of the surveyed students assume that social skills and flexibility, in particular, will play a major role in professional life. Above all, spatial flexibility will be required. Moving to another region or even another country to work abroad is a matter of course for many workers today.

However, digitalization will enable more and more people to work independently of location in the future. Due to increasing internationalization, language skills and intercultural skills, will also play a crucial role in the future labor market?

Which changes can be expected?

That something will change, is for almost all of the surveyed students out of the question. Only one percent of respondents believe there will be no major changes in the future labor market. A change in the daily work environment, simplified work processes, the glass society, and total globalization, many consider more likely. It is astonishing that only 7 percent of the respondents expect a high unemployment rate.

Futurologists confirm the results

The views and expectations of students coincide with the results of various studies on job opportunities in the labor market of the future. Due to increasing digitization alone, new professions in the field of informatics and technology will emerge in the future. Especially specialized specialists should, therefore, benefit from long-term good career opportunities. Due to the demographic change and the increasing aging of our society, there will also be a high demand for care and social professions in the future.

Among the losers are likely to include employees of some service sectors and manufacturing industries. Evermore efficient production methods demand fewer and fewer employees for the same results. The chance of being completely replaced by a machine is also considered relatively high in many professions in these industries.

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