Economy Profile Working Age Population (Millions) 1 / 2 South Africa 33.1 Trend outlook Global trends and their impact on job creation Technologies and their impact on job creation Trends most most likely to drive industry transformation and their expected impact job creation, ordered by net Technologies most most likely to drive industry transformation and their expected impact job creation, ordered effect (share of organizations surveyed) by net effect (share of organizations surveyed) Job creator Job displacer Net effect Global net effect Job creator Job displacer Net effect Global net effect Broader application of Environmental, Social and Governance (ESG) standards Power storage and generation -100% +100% -100% +100% 70% 68% Investments to facilitate the green transition of your business Big-data analytics -100% +100% -100% +100% 41% 63% Broadening digital access Environmental management technologies (e.g. pollution abatement, recycling) -100% +100% -100% +100% 39% 60% Consumers becoming more vocal on social issues Encryption and cybersecurity -100% +100% -100% +100% 10% 50% Increased adoption of new and frontier technologies Digital platforms and apps -100% +100% -100% +100% 10% 48% Supply shortages and/or rising cost of inputs for your business Education and workforce development technologies -100% +100% -100% +100% -12% 43% Rising cost of living for consumers Internet of things and connected devices -100% +100% -100% +100% -24% 32% Slower global economic growth Cloud computing -100% +100% -100% +100% -68% 29% Role outlook Contextual indicators Churn in five years INDICATORS 0% 100% 20% Five-year structural labour-force churn (percent) Global 23% Labour force participation 65% Key roles for business transformation Roles most selected by organizations surveyed (as either growing, stable or declining), ordered by net role Vulnerable employment 11% growth, and their net growth and structural churn (percent) Share of youth not in employment, education, or NET GROWTH ECONOMY GLOBAL 31% ROLES -50% 0 50% CHURN CHURN training (NEET) Unemployment rate 26% 19% 24% Business Development Professionals Unemployment rate among workers with basic 31% edu. 16% 34% Data Analysts and Scientists Unemployment rate among workers with 14% advanced edu. 9% 32% Digital Transformation Specialists Secondary Education Attainment 70% 27% 21% Sales and Marketing Professionals Tertiary Education Attainment 16% 3% 14% General and Operations Managers Ease of finding skilled employees in local labour market 3.89 1=Companies cannot easily find skilled employees, 7=Companies can easily find skilled employees 3% 18% Lawyers Fill vacancies by hiring foreign labour 4.28 1=Companies cannot fill vacancies by hiring foreign labour, 7=Companies can fill vacancies by hiring foreign labour 12% 19% Accountants and Auditors Country investment in mid-career training 3.30 1=Government does not invest in mid-career training, 7=Government invests in mid-career training 38% 26% Telemarketers Workers' Rights Index 3 23% 35% Administrative and Executive Secretaries 5+=No guarantee of rights due to the breakdown of the rule of law, 1=Sporadic violations of rights Level of National Compliance with Labour Rights 1 10=The worst possible score, lower levels of compliance, 0=The best possible score, higher levels of compliance
The Future of Jobs Report 2023 Page 161 Page 163