- The World Economic Forum has released its latest Future of Jobs report
- Robots will swiftly replace humans in accounting, industrial and postal roles
- It claims as many as 133 million new jobs will be created by machines by 2022
More than half of all tasks in the workplace tasks will be carried out by machines by 2025.
That's according to the World Economic Forum, which predicts that AI and robots will kill off 75 million jobs worldwide by 2022.
The Swiss nonprofit also claims as many as 133 million new jobs will be created by machines in that time frame.
Humans will have to revamp skills to keep pace with the 'seismic shift' in how we work with machines, it said.
It said: 'Despite bringing widespread disruption, the advent of machine, robots and algorithm could actually have a positive impact on human employment.'
Based near Geneva, the WEF is known for the annual pow-wow of wealthy individuals, politicians and business leaders that it organises in Davos, Switzerland.
Its 'Future of Jobs 2018' report, the second of its kind, is based on a survey of executives representing 15 million employees in 20 economies.
The research foresees robots swiftly replacing humans in the accounting, client management, industrial, postal and secretarial sectors.
Jobs that require 'human skills' such as sales, marketing and customer service should see demand increase meanwhile, along with e-commerce and social media.
A major challenge will be to retrain workers, who will themselves be pressed to update skills especially in the areas of 'creativity, critical thinking and persuasion', the study found.
Between now and 2022, business chiefs believe the aviation, travel and tourism sectors in particular will have to retrain workers.
As many as 54 per cent of the global workforce will require retraining to take on new roles as machines rise, they said.
Half of companies expect to cut their permanent staff by 2022 - a jump above the 38 per cent of businesses who expect to grow their workforce.
HOW WILL ROBOTS CHANGE THE WORKPLACE BY 2022?
The World Economic Forum has unveiled its latest predictions for the future of jobs.
Its 2018 report surveyed executives representing 15 million employees in 20 economies.
The non-profit expects robots, AI and other forms of automation to drastically change the workplace within the next four years.
Jobs predicted to be displaced: 75 million
Jobs predicted to be created: 133 million
Share of workforce requiring re-/upskilling: 54 per cent
Companies expecting to cut permanent workforce: 50 per cent
Companies expecting to hire specialist contractors: 48 per cent
Companies expecting to grow workforce: 38 per cent
Companies expecting automation to grow workforce: 28 per cent
Less than a third of companies expect the introduction of robots and AI to grow their workforce.
They said an overall trend towards lifelong learning and adaptation will emerge in the coming decades.
The WEF said challenges for employers include reskilling workers, enabling remote employment and building safety nets for employees.