How skills-first hiring is changing the workforce

According to the world Economic Forum’s Future of Jobs Report 2025, workers on average can expect around 40 per cent of their existing skill sets will either be transformed or become outdated over the next five years.

Driving this will be rapid technological advances, particularly in artificial intelligence (AI), as well as ongoing geo-economic fragmentation (the unwinding of existing trade and investment structures), economic uncertainty, demographic shifts, evolving social trends and climate change.

Eighty-five per cent of the over 1000 employers surveyed, representing millions of workers, said they plan to prioritise upskilling their workforce by 2030. Forty per cent noted they aim to reduce staff as their skills become less relevant, while half plan to transition workers from declining to growing roles.

The report explicitly identifies accountants and auditors, along with bookkeepers and payroll clerks, among the fastest declining job roles between now and 2030.

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