79% of jobs in Hong Kong will be transformed in the next three years | Human Resources Online
By 2021, digital transformation will add an estimated US$9 billion to Hong Kong’s GDP, and increase the growth rate by 0.5% annually, according to a new business study released by Microsoft in partnership with IDC Asia/Pacific.
The study found that 79% of jobs in Hong Kong will be transformed in the next three years, 60% of which will be redeployed to higher value roles, or reskilled to meet the need of the digital age.
“What is encouraging is that 48% of respondents are confident that their young employees already have future-ready skills that will help them to transition to new roles,” said Cally Chan, general manager, Microsoft Hong Kong.
While there is also concern about job displacement, the study found that 23% of new jobs are expected to be created from digital transformation, which is about the same number to be automated, or about 19%; in other words, the effect will be slightly positive