27 August 2018 · Absolute IT

According to the latest Absolute IT Digital Remuneration Report the national median base salary for digital professionals has remained at the $80,000 level and the national median contracting rate has also stayed stable at the $80/hour mark.

Although salaries have remained on an even keel for the last six months, the demand for digital professionals are not slowing down and digital skills are increasingly becoming a hot property. While there are new skills in demand for the workplace, the onset of new technologies and the advancements in Artificial Intelligence (AI) are further impacting the future of certain jobs.

International consulting group Accenture undertook an in-depth research project in 2017 to review the future of work and the skills that will be needed to be successful in this new digital economy, with some illuminating insights:

  • Nearly 1 in 10 jobs is at risk of automation across OECD countries
  • 65% of children starting school today will hold jobs that don’t yet exist
  • There is a 12% projected growth of roles that require digital skills by 2024

But while emerging technologies will change the workplace of the future it will also generate new types of employment opportunities where machines will become our co-workers. In a global survey of 1,000 companies three new types of future employment that requires collaboration between humans and machines were identified:

  • Explainers – those who will interpret the output of AI systems
  • Sustainers – those who will optomise the effectiveness of AI systems
  • Trainers – those who will feed AI systems’ capacity for judgement

While the disruptive force of digital technologies will change the way we work, it will create new opportunities to generate income and have a positive impact on employment opportunities. A study by McKinsey in 2011 found that the Internet had destroyed 500,000 jobs in France in the previous 15 years, but at the same time had created 1.2 million others, a net addition of 700,000 or 2.4 jobs created for every job destroyed.

It is indeed a brave new digital world that awaits us.

Download the full Report here.