ManpowerGroup releases IT World of Work 2024 Outlook
Humans Become Indispensable as IT Innovations Accelerate
Vietnam, 07 August 2024. ManpowerGroup, the leading workforce solution company, releases the IT World of Work 2024 Outlook report. The paper highlights eight key global trends driving IT innovation and their impact on businesses and workers in the coming time. Although many include the use of increased automation, the future of IT innovation will still depend on a highly skilled workforce.
In the Asia-Pacific (APAC) region, the IT industry stands among the top 3 for strongest hiring intentions in Quarter 3/ 2024. However, 78% of IT employers report difficulty finding the skilled talent they need. The ManpowerGroup IT World of Work 2024 Outlook envisions a future where the accelerating adoption of AI, cloud, and quantum computing amplifies the importance of the human element.
"We are excited to share this comprehensive report at a time when digital transformation is at the forefront of every business strategy in Vietnam”, Ms. Nguyen Thi Thu Thanh, Regional Manager North, Permanent Recruitment & Executive Search, ManpowerGroup Vietnam remarks. “As IT innovations accelerate, humans don’t just keep pace; they lead the charge, becoming more indispensable than ever. The IT industry is not just about machines and algorithm; it’s about the people who make technology work for everyone.”
Key global trends in IT:
1. The Evolution of AI: There is a growing adoption of AI and machine learning (ML) in every business, but the skills gap is increasing. Hiring managers globally rank “Training our staff to leverage AI in their current roles” as #1 workforce AI challenge as 78% think they cannot train employees fast enough to keep up with new technologies.
2. Cloud Skies: Cloud adoption, accelerated by AI and ML, is driving business transformation. Worldwide public cloud services are forecast to grow 19.1% in 2024. However, skilled talent remains essential for facilitating this growth. A cloud engineer in Vietnam can earn between US $1.800 and $4.000 monthly according to ManpowerGroup Vietnam Salary Guide 2024.
3. Soft Skills in IT: While hard skills gaps in IT talent are well-documented, the rapid pace of innovation underscores the growing importance of soft skills like collaboration, adaptability, and stress tolerance.
4. CHIPS: Amid supply chain disruptions and geopolitical uncertainty, manufacturers are localizing semiconductor production, driving demand for skilled talent. By 2030, the semiconductor industry globally will need more than 1M additional workers, and Vietnam will need to have 50,000 semiconductor engineers to meet the annual labor demand growth of 10-15 %.
5. Quantum Leaps: Quantum computing is shifting from theory to practical applications, driven by big data, AI adoption, and cybersecurity concerns. By 2050, up to 50% of quantum computing jobs could remain unfilled. In Vietnam, the talent pool for this field is limited, with very few universities and academies offering quantum research programs.
6. The Future of IT is Green: As advanced computing evolves, IT faces sustainability challenges. By 2027, 80% of CIOs will have sustainability performance targets. Most IT employers worldwide (77%) say they are considering or actively recruiting candidates with green skills.
7. Cyber Shields Up: Cyberattacks and data breaches are now commonplace, driven by geopolitical tensions and sophisticated tactics. The demand for skilled talent intensifies, with the industry needing 4 million more cybersecurity workers to address growing global threats.
8. People-first Digital Transformation: Conversational AI’s democratization sparks discussions on digital transformation and automation, leading to new skilled roles. People-first employers are optimistic, with 82% are investing in new talent in response to rapid advances in technology.
As a leading workforce solution company, ManpowerGroup Vietnam continues to support businesses in navigating these changes with cutting-edge workforce strategies. For more information and to download the full report, please visit: IT World of Work 2024 Outlook
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ABOUT MANPOWERGROUP
ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing, and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis, and Talent Solutions – creates substantially more value for candidates and clients across more than 70 countries and territories and has done so for 76 years. We are recognized consistently for our diversity – as a best place to work for Women, Inclusion, Equality, and Disability, and in 2024 ManpowerGroup was named one of the World's Most Ethical Companies for the 15th time – all confirming our position as the brand of choice for in-demand talent. For more information, visit www.manpowergroup.com
ABOUT MANPOWERGROUP VIETNAM
ManpowerGroup is the leading global recruitment, staffing and outsourcing company in Vietnam, operating in the country since 2008. We are the first 100% foreign invested company licensed to provide recruitment, staffing and outsourcing services by the Ministry of Labor, Invalids and Social Affairs (MOLISA) since our first footprints in Vietnam.
Manpower is part of ManpowerGroup – the world’s leading workforce expert. Every day, all around the world, hundreds of thousands of people go to work because of Manpower; and hundreds of thousands of companies thrive because of people we find for them.
With offices in across more than 70 countries and territories and more than 76 years of history, Manpower is the global leader in contingent and permanent staffing, providing organizations of all sizes with a continuum of staffing solutions to enhance business agility and competitiveness.
With our thorough understanding of staffing trends and our deep pool of highly qualified candidates, Manpower can deliver the talent, matching the right individual to the right job – faster and with better business results. For more information, visit www.manpower.com.vn