The Future of the Tunisian Job Market: Key Findings from the IACE Study
The Arab Institute of Business Leaders (IACE) has conducted a study in collaboration with the World Economic Forum to explore the future aspects of the job market. The study reveals the results for the Tunisian case in particular.
First Key Finding: Limited Impact of Change on Tunisian Businesses
The first observation from the study is that the change will affect Tunisian businesses to a lesser extent (20%) compared to the rest of the world (22%) by 2030. The second observation is that one of the reasons identified by businesses as hindering their transformation is the skills deficit of their workforce.
1. Major Trends and Their Impact on Tunisian Businesses
The study reviews the impact of major economic, political, and social trends on Tunisian businesses. The trends considered in this forecast are primarily the adoption of technologies, macroeconomic prospects, the green transition, trade restrictions, and industrial policies. It is expected that these trends will change the activities of Tunisian businesses by 2030.
When asked, "Which trend do you think will have the greatest impact on your business?", international businesses responded that it is the expansion of digital access (56%). In contrast, Tunisian businesses responded that it is macroeconomic changes such as the increase in the cost of living and slow economic growth.
The impact of investments to address climate change ranks fourth among the trends with a significant impact on Tunisian businesses, followed by social issues and geopolitical conflicts.
2. Professional Trends in Tunisian Businesses
The creation or destruction of jobs in Tunisian businesses over the next five years will depend on the macroeconomic and technological impact on their activities.
The study shows that 170 million jobs are expected to be created and 92 million jobs displaced worldwide. There is a significant increase in employment of 7%, equivalent to 78 million jobs.
In Tunisia, a structural change in the job market is expected, with a 22% shift resulting in high-growth jobs for specialists in AI, automation, and technology in general.
On the other hand, jobs in decline include workers and accountants who are victims of increasing automation, digitization of processes, and evolving market needs.
