The White House Council of Economic Advisers’ latest annual Economic Report of the President provides an analysis of key issues impacting US and international economic policy, including how long-run trends in fertility and morality are shaping the US population and labour force. The report explores when, how, and why AI may be adopted and its potential effects on labour markets.
Deloitte’s new report explores how generative AI is expected to change the structure of “work” as we know it. The report suggests a range of strategies to help prepare organisations, including the importance of creating and managing a framework that focuses and supports leadership’s vital role in guiding Generative AI-induced changes.
The Institute for the Future of Work’s latest briefing paper analyses data from nearly 5,000 UK workers and considers the effect that exposure to new workplace technologies is having on workers’ quality of life. Key findings include significant variation in employees’ quality of life correlated to increased levels of exposure to different workplace technologies and that perceived rights at work, and HR philosophies that emphasise employee wellbeing, have a positive correlation with quality of life.
This report by IBM, in collaboration with Oracle, reveals that 40% of the global workforce will need to reskill due to implementing AI and automation over the next three years, which equates to 1.4 billion of the planet’s 3.4 billion working population. The report examines how HR can facilitate a generative AI-empowered culture and serve as key advisors in developing people-centric operating models that best position the enterprise – and the employee experience – for the future.
This report by the OECD examines how longevity and technological change are impacting work across 38 countries and identifies key employer policies that can help facilitate career mobility, resulting in better employment choices at older ages.
KPMG’s new report analyses data from over 4,000 employees from a cross-section of generations and explores employee perceptions on the future of work amid fast AI advancements, geopolitical instability, and a looming global recession. Key takeaways include workers’ lack awareness of, and confidence in, their firm’s technology strategies, with only 54% reporting their employer has adopted new technologies over the past three years.
This report from 50+ Choices Roundtable reveals that 72% of over-50s seek flexible work to achieve a better work-life balance, with many also having care responsibilities. With rates of home-working among over-50s rising from 10% in 2020 to 22.4% in 2023, the report sets out key recommendations for government and businesses to support greater flexible working for over-50s to help more people stay in meaningful work.
The CIPD’s latest quarterly Labour Market Outlook report reveals that the net employment balance – which measures the difference between employers expecting to increase staff levels in the next three months and those expecting to decrease staff levels – remains positive but has fallen to the lowest overall level since winter 2020/21. The report also confirms that decreasing staff levels will be high on the agenda in 2024, in response to higher wage costs and reduced profits in the private sector during the period of high inflation.
The world of work is undergoing profound and extensive disruption. Large-scale trends are transforming work, workforces and workplaces. The legacy of the pandemic has combined with a tense economic and social landscape, presenting businesses with significant challenges. How can businesses best navigate this increasingly complex environment? And, if you are in HR or have people responsibilities, what are the key strategic issues and areas of priority action for 2024 and beyond?
This report by the Inclusion Initiative at the London School of Economics, in collaboration with Protiviti, highlights the importance of bridging generational divides to improve workforce productivity.