Copy Press Release: Is technology putting jobs at risk?
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How is technology putting jobs at risk?

In its latest study, asked 900 professionals across several industries and countries if they believed their job was being threatened by technological improvements (question asked in survey: 'Is technology putting your job at risk?').

Results show that financial services professionals are feeling the heat the most, while those leading the technological disruption, ie. engineers and computer science graduates, feel safe.

Results by degree level

Is technology putting your job at risk?
Degree Yes No
No Degree 18% 82%
Masters in Science 22% 78%
Bachelor of Science 29% 71%
Masters in Management 30% 70%
MBA 30% 70%
Bachelor of Arts 38% 62%
Masters in Finance 40% 60%
  • No degree, no worries. Those without a university degree are the least concerned about losing their job to technology. Jobs which require little formal education rarely involve a daily use of hi-tech tools, and the relatively low cost of those employees does not create an incentive for employers to develop technological tools to replace them.

Results by degree subject

Is technology putting your job at risk?
Major Yes No
Computer Sciences 15% 85%
Marketing & Communication 18% 82%
Engineering 24% 76%
Law 27% 73%
Mathematics & Statistics 31% 69%
Business & Finance 38% 62%
Management & Strategy 39% 61%
Economics 42% 58%
  • Master technology or stay away from it. Engineering & computer sciences graduates feel that being at the core of technological innovations protects them from being replaced by machines. Employees with degrees in communication or law also believe they are relatively safe, probably because their jobs entail 'soft' human skills which cannot yet adequately be replaced by artificial intelligence.
  • Dont stay in the middle of the road! Those employees whose skills rely heavily on technological tools but are not involved in their creation or maintenance, ie. economy and business graduates, clearly believe their jobs are highly at risk (42% of economics graduates and 38% of business & finance graduates).

Results by job

Is technology putting your job at risk?
Job Yes No
Financial Services 47% 53%
Compliance 37% 63%
Sales 33% 67%
Finance Control 29% 71%
Professional Services 24% 76%
IT 20% 80%
Executive Management 19% 81%
Project Management 19% 81%
Marketing & Communications 18% 82%
Logistics & Purchasing 17% 83%
Human Resources 15% 85%
Engineering 14% 86%
  • Banking 2.0 : Financial services workers are the most concerned about their jobs being at risk due to technological innovation. Ever-increasing automated processes such as trading algorithms, machine learning and automated trading platforms are often singled out as being responsible for thousands of job cuts occurring in the sector, as banks seek to boost profitability in challenging market conditions, and are likely to cause many redundancies within the next decades*.

Results by country

Is technology putting your job at risk?
Country Yes No
Singapore 49% 51%
India 48% 52%
Switzerland 44% 56%
Hong Kong 32% 68%
USA 30% 70%
Netherlands 29% 71%
UK 24% 76%
France 23% 77%
Ireland 20% 80%
Italy 17% 83%
  • Outsourcing today, automation tomorrow?  Outsourcing is often seen as a stepping stone to automation. As a leading outsourcing hub, Indian employees are highly concerned and aware of this phenomenon with 48% of Indian workers thinking their job is at risk.
  • Technological improvement: a banker's concern? Singaporeans and Swiss employees also largely think their jobs are threatened by technology in our sample, a pattern largely driven by the fact that the majority in the survey come from the financial sector.

Alice Leguay, Co-Founder and COO at said: 'Long gone are the days when banks used to hire a majority of humanities graduates. Jobs in the financial sector are becoming more and more technical: employees are expected to control or at least understand the technological automated processes necessary to fulfilling their professional tasks. While some functions still require a human touch, none are unscathed with even sales jobs are being obliterated by efficient machines.'
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