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CIMA: professionals’ cognisance of automation risk to their job security increases

Research shows that almost one in four (37%) of British-based workers said they do not feel the need to learn new skills, according to the Mind the Skills Gap survey conducted by The Chartered Institute of Management Accountants (CIMA) and the Association of International Certified Professional Accountants (AICPA).

Nearly half of workers (49%) said they were cognisant that any portion of their role could be automated in the future – up from 38% in 2018. The research also indicated a growing appreciation of the need to integrate with technology and be agile, with 26% of workers saying they think working seamlessly with new technologies will be one of the most important skills. However, the number of workers wanting to learn digital skills fell in 2018 from 27% to 23% in 2019. Instead, the percentage of workers interested in learning soft skills, such as critical thinking, communications and problem-solving, rose from 23% in 2018 to 29% this year.

Contradicting the growing role of technology in the world of work, 55% of SME decision-makers said sections of their operations were less likely to be affected in the next five years, a decrease from 62% in 2018.

Andrew Harding Chief Executive — Management Accounting, explains:

“This is the second year we’ve run this research and it continues to show there’s an apathy towards learning new skills and, more worryingly, a lack of desire to learn digital skills. The UK’s goal to be a leading digital economy cannot be met if the capabilities of its workforce aren’t up to scratch. Attitudes to learning and reskilling need to change — employees, employers and policy-makers need to embrace the philosophy of learning, unlearning and relearning to support growth. A positive approach here will have a positive impact on UK productivity and economic growth.” 

The findings are further support to the World Bank’s The World Development report which highlighted that the rise of the digital platform firm means that technological effects reach more people faster than ever before.

Andrew Harding added:

“Technology is changing the skills that employers seek. Workers need to be better at complex problem-solving, teamwork and adaptability’ and PwC’s international analysis named: Will Robots really steal our jobs? This highlighted in its key findings that: “less well-educated workers could be particularly exposed to automation, emphasising the importance of increased investment in lifelong learning and retraining.”

james.wallace@realassetmedia.com