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October 13, 2020

Why Covid can boost digital jobs – How execs pandemic proof their bonuses

By Paul Dennis

13 October

The Covid-19 pandemic has led to widespread unemployment across the world but has also accelerated digitalisation.

New digital jobs are expected to be created over the next five years due to the pandemic.

Ian Bremmer, a political scientist and author, shared an article on how the pandemic is accelerating digitalisation.

The article notes that although the pandemic has led to the loss of more than 250 million jobs globally, it has also provided opportunities to generate digital jobs.

According to Microsoft, the pandemic is expected to create 149 million new jobs by 2025.

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Software development jobs will account for majority of these jobs at 65%, followed by cloud and data at 15% and data analysis and machine learning at 13%.

Cybersecurity and privacy and trust are expected to account for 4% and 1% of jobs respectively.

Meanwhile, Robert Palmer, Head of Tax Justice UK, shared an article on how some US companies are rewriting bonus plans to ensure that executive pay is not adversely affected due to the pandemic.

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