The year 2022 was a lesson to many people and industries alike. It taught us the road-map of renewed possibilities and how to balance the old and the new. Evolution can be seen across all sectors, including employment.

Today cloud services, augmented reality, and mobile technology are rippling waves across the global economy, and their impact is noticed in the careers landscape. Global EdTech market value is expected to grow to approximately US$230 billion in the coming years.

The labour market across the globe has witnessed an escalation of digitalisation. Of course, the growth in hybrid and remote work models induced by the pandemic has influenced the career landscape through automation and the adoption of new technologies.

Artificial Intelligence is a catalyst of job replacement or the potential to create millions of employment. The impact of AI is visible in various employment sectors. Logistics, sales, recruitment, customer service, manufacturing and even the creative fields like writing and designing are influenced by AI on some level. Projected as a global career trend of the future, students are encouraged to explore careers in the field of AI.

I think that the world has been preparing for 5G to go mainstream for a long time. Reliable communication, low latency, and seamless coverage, however, that is not what 5G is all about. The introduction of 5G is expected to take the Indian IT industry to a new level. According to research, by 2030 there will be 125 billion connected devices on the planet. After all, research shows that by 2035, 5G is anticipated to have a cumulative economic impact of US$ 1 trillion and increase the GDP by US$150 billion.

Cloud computing is another career trend that is supposed to top the charts in 2023. It only opened the door to possibilities for organisations, as they employ cloud computing services in day-to-day work. In recent years cloud computing has gained momentum, as it has allowed businesses and companies to set up virtual offices with anywhere, anytime connectivity.

So far, all the trends are about technological innovation, however, soft skills have become equally important. Contemporary work culture and soft skills are acknowledged to incorporate problem-solving, critical thinking, teamwork, flexibility, and emotional intelligence, along with many other things. Any hiring firm will be looking for a candidate mastered soft skills, giving them an edge over others.

Reskilling and upskilling are expected to be one of the top global career trends of the future. If statistics are anything to go by, change in the human-to-machine labour ratio might result in a loss of up to 85 million jobs by 2025. However, 97 million new jobs are also anticipated to open simultaneously. This data is crucial to understand the urgent need for upskilling and reskilling in every firm and position.

New year, new waves, new technologies, and new trends are set to impact the global employment market. It is imperative to know and learn new-age skills which will enable candidates to gain a strong foothold in their careers.