Half of current jobs face extinction by 2025

Half of current jobs face extinction by 2025The Australian workplace is poised for a radical overhaul as technology and innovation reshape the employment landscape over the next 15 years, according to new research from CBRE and Genesis.By 2025, process work, customer work and the ranks of middle management will simply disappear, making per cent of today’s existing roles obsolete, according to a report from CBRE and Genesis.The report, ‘Fast Forward 2030: The Future of Work and the Workplace’, predicts that artificial intelligence will transform businesses and the type of work that people do, with jobs of the future requiring creative intelligence, social and emotional intelligence and the ability to leverage artificial intelligence.CBRE’s associate director of Global Corporate Services, Tony Armstrong, said the physical workplace will also evolve significantly, with office numbers increasing and greater emphasis on diversity of space. “With technology continually evolving, people will only become more mobile, making the idea of stationed desks significantly outdated and flexibility and diversity more important than ever,” he said.The notion of the workspace as a row of desks or cubicles will also become redundant as employees demand more flexibility. The report suggests that landlords will become more focused on delivering services in the modern workplace, with buildings offering healthier work environments and greater services in addition to basic lease tenancies.”Work has become a consumer experience. If you are going to devote such a large portion of your life to work, making yourself contactable almost 24/7, then you’re going to shop around for the best experience, taking into account the quality of the work environment,” Armstrong said.Employees of the future will be motivated by purpose rather than financial success. This trend, the report contends, is being driven by the millennial generation, and corporations will have to adapt new strategies of agility and authenticity to attract new talent.Social entrepreneurship and projects involving social good will also become increasingly important and redefine employment opportunities.The report also forecasts that technology will redefine the real estate industry, as the majority of real estate transactions will be made online by 2030. The emergence of property aggregators will also help to unlock value and new revenue streams for currently unused but available workspaces. The report forecasts these new providers will be able to assist corporations to shed excess space and help retailers and developers with the provision of co-working or club facilities for tenants.