There’s no doubt that technology is changing the face of the global jobs market.

Although technology is replacing some jobs, especially in the manufacturing sector, it’s also coughing up more opportunities for people of particular talents.

Paul D’Arcy, Senior Vice President of Indeed.com, has presented the seven trends that are transforming the way we conceive the global jobs market due to the rise of the internet economy.

Here are the seven trends that can impact the Australian workforce and the country itself.

  1. In industrialised nations such as Australia, every company is now classified as a tech company. 

D’Arcy shared that only a quarter of software engineers actually worked in software companies. In the US alone, there are only 7% of software developers and programmers working for software firms. It goes to show that the majority of these skilled employees don’t work in software companies.

  1. Specialised software is creating a highly-specialised workforce.

The jobs landscape has changed since specialised software was created to cater to any industries. Even the most human jobs nowadays utilise software interface. This brings forth new highly-specialised jobs, with 91, 000 unique job titles being advertised on Indeed on a daily basis.

  1. There are now two different job markets: one for the highly-skilled workers and one for everyone else.

While there’s an obvious high unemployment rate in Australia at the moment, human resource departments are still having difficulty in filling highly-skilled roles in the country. This phenomenon is segmenting Australia’s labour markets into two different labour markets- one for the highly-skilled workers and one where technology is marginalising the functions performed by the ordinary employee.

  1. Flexible Alternatives are now replacing full-time jobs.

There’s a new trend that prioritises work flexibility after pay. It’s becoming the most important requirements for Australians when they choose a job. D’Arcy said that candidates are looking for jobs that follow their schedule rather than the employers’. Many job seekers are after those jobs that value results and how the work is done rather than when and where that work is done. This is why most highly-specialised roles are worked remotely.

  1. High-skilled workers are looking for jobs abroad.

A survey published by BCG has shown that 9.1% of people around the world are actively looking for jobs abroad. D’Arcy stated that culture, policy, region, language, colonial history, and economics determine global migration paths.

This means that Australia should find ways to entice new talents to the country while keeping its existing base of skilled labour.

  1. Talent Migration Could Mean Good to Australia

If highly-skilled talents are willing to migrate to the country- given that Australia and Sydney are top destinations for talents- this could be a good opportunity for the nation to expand its tech economy. The talents that usually move to work in Australia are those likely to be searching for computer and mathematical jobs that the existing residents. Once they come to the country, large companies will soon follow them.

  1. The internet is changing how job-seekers respond to labour market trends. 

Job-seekers are more active today than ever before. Most of the active ones come from the younger, more educated generation of workers. However, D’Arcy said that 65% of hired candidates worldwide return within 91 days and look for another job.