The Fourth Industrial Revolution is expected to result in an increase of jobs globally although it is likely to be a painful transition, according to chief executives at a jobs panel hosted by CNBC in Davos, Switzerland.

Manpower, one of the world's largest jobs companies, released a Skills Revolution report in conjunction with the Davos forum which surveyed 18,000 employers in 43 different countries across the world. It's findings showed that 82 percent of employers expect to maintain or increase staff levels as a result of automation.

"With automation... certainly there are going to be jobs that will be displaced, but most jobs will be impacted by technology in terms of specific tasks within the job that will change," Jonas Prising, Manpower chief executive, told CNBC on Wednesday in Davos, Switzerland.