Work

• [New] Nearly 80% of oil and natural gas professionals feel less secure in their jobs than they did pre-pandemic, but nearly two-thirds expect advances in engineering may open up opportunities in the next three years.
• [New] The post-COVID - 19 economic environment might make it easier to hire people with some of the critical skills companies will need in the coming years, such as in data science and IoT engineering.
• [New] Almost half expect Biden to improve the way the federal government in Washington, D.C., works, while 28% say he will make things worse; 24% say he will not have much of an effect.
• [New] With both Europe and the United States suffering from the pandemic-induced recessions, settling the Boeing-Airbus dispute could revive the aircraft industry, create jobs, and even revitalize tourism.
• [New] According to ORE Catapult, tidal energy to the UK alone is estimated at £1.4 billion GVA creating 4000 jobs by 2030 (8100 jobs by 2040) and getting to net zero by 2050 (driving carbon emissions down by 1 Mt per year by 2030 and 4 Mt by 2040).
• [New] Investments in green hydrogen in Europe could reach 470 billion euros by 2050 and create up to 1 million jobs.
• [New] Deep-sea mining could generate up to $20 billion in annual revenue for Norway towards 2050 - compared to around $61 billion from oil and gas in 2019 - and create about 20,000 jobs.
• [New] In a midpoint automation scenario, about 516 billion hours of work, or 87 days per average worker, may need to be redeployed by 2030.
• [New] Smart companies plan on increasing their use of remote workers as part of their contingent workforce and overall global workforce strategy in 2021.
• [New] In the year 2021, about 42% of the organizations in India and globally, will continue to invest in cybersecurity and privacy solutions to steer away from the rising cyber-attacks in the era of remote working.
• [New] By 2022, 75% of organizations will use mobile solutions to improve unstructured data collection at the point of activity, better support remote / hybrid workers, and optimize resource productivity.
• [New] A 'great demographic reversal' in the coming years will lead to upward pressure on inflation, nominal and real interest rates, for example as the share of the population of working age falls back.
• [New] Global spending on wearables is expected to reach USD 81.5 billion in 2021 and USD 93.8 billion in 2022, driven by the rise in remote working and people getting more interested in monitoring their health.
• [New] In a world where more than 1.3 billion people globally work in jobs for which they are either underqualified or overqualified, The Kingdom of Saudi Arabia has a tremendous opportunity to address the skills mismatch challenge to bring a significant upside to the Kingdom.
• [New] The US Bureau of Labor Statistics says US software developer jobs will increase at a rate of 22% over the next decade.
• [New] The Atlanta Fed's GDPNow tracker sees the U.S. economy accelerating 8.5% for the final three months of the year, though economists expect the first quarter in 2021 to show either little or no growth.
• [New] The demand for cybersecurity jobs will increase manifold and result in 3.5 million unfilled positions by 2021.
• [New] India is expected to see more than 1 million cloud computing job roles by 2022 as more organizations shift their operations to the cloud infrastructure.
• Drones and related technologies are projected to actually create 100,000 new jobs in the United States alone by 2025.
• Jobs such as certified nursing assistants are projected to grow 41% by 2026, and the supply of overall health care workers is expected to fall short of projected global hiring demand by more than 15 million workers.
• There is £1.3 mn of additional potential spend in the UK to bring customers higher speed internet and remote working will only increase the need for consumers to have fast internet connections.

Last updated: 17 January 2021