Tech Jobs Increasingly Expanding Beyond Tech Sector
The number of non-tech companies seeking tech workers has grown over the past five years, particularly in the banking and financial services sector, which has the second-highest rate of growth in this area, according to a recent report from Glassdoor. Its share of software job postings has grown from 2.4 percent in 2012 to 4.4 percent in 2017, a rate of change outdone only by the retail sector, which grew from 6.4 percent to 13.9 percent in the same time. This has had a spillover effect for non-tech workers in the same sector, for "as more employers find themselves competing for tech talent, we’re seeing workplaces throughout the economy modernize and adapt for all workers — investing in new technology, sharper perks and benefits, and more dynamic and flexible workplaces."
it noted that the banking and financial services sector is ripe for AI-related disruption. It noted that many jobs today involve routine tasks like executing trades that, today, can be done by computers (and, in fact, many are). Glassdoor expects this trend to accelerate as software prices fall and programs become easier to use. As a consequence, humans will be pushed more into roles that require judgment, long-term credibility and relationship-building, such as sales and consulting.
During the NYSSCPA's recent Auditing Standards Conference Sara Freeman, an enterprise account executive at Thomson Reuters, said that, in many respects, this is already starting to happen within the accounting profession. Firms are pouring million of dollars into artificial intelligence and machine learning to assist with audits. She predicted that the role of the auditor will become more specialized as computers can take out the more routine drudge work from the process, leaving the auditors themselves to become more specialized agents.
The Glassdoor report showed that, despite potential disruption from technology, there will still be strong demand for accountants and auditors over the next decade: between 2016 and 2026, the report projected that the industry will add 140,300 new jobs.