This report by Adecco reveals that workers are worried about an uncertain future, with the economic climate and job security front of mind. The number of employees staying with their current employer has increased for the third year in a row, but AI's impact on stability has been underestimated for the last 12 months and employees are looking for guidance. The research highlights that despite the cautious landscape, workers are proactive about career progression - they want to remain employable, and they see AI as an opportunity to develop in new directions. The report calls for urgent and adaptable action by business to ensure their workforce is future-ready by offering upskilling, career progression, and a workplace environment that embraces sustainability.
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This Deloitte Global survey of board directors and executives reveals that, so far, board-level engagement with AI has been limited: across industries and geographies, AI is not a topic of discussion that comes up often at board meetings. However, many respondents are cognisant that their board's current level of engagement may not be enough to oversee the opportunities and risks that could manifest by using AI, particularly generative AI. Nearly half (46%) say either they're not satisfied with or they are concerned about the amount of time devoted to discussions on AI. The data shows that boards are eager to spend more time on AI and generative AI, enhance their knowledge and experience, and accelerate the pace of adoption in their organisations. It sets out the immediate actions boards can consider taking to bolster AI governance.
This report by Littler reveals that as Europeans across the continent head to the ballot box in a contentious election year, employers are navigating numerous challenges - from potential employment law changes to managing divisive political beliefs in the workplace to heightened pressure on environmental, social, and governance (ESG) initiatives. These developments come against a backdrop of ongoing economic uncertainty, new regulatory risks, and the rapid adoption of artificial intelligence (AI) in the workplace.
Research by Indeed Hiring Lab explores the impact of AI on the labour market, finding that out of the more than 2,800 work skills assessed, none were deemed "very likely" to be replaced by GenAI and the majority (69%) of skills assessed were "very unlikely" or "unlikely" to be replaced by GenAI. The research shows that in jobs with a high share of skills that require hands-on execution, GenAI could help workers to refocus on the core skills necessary in these roles. In more hands-off, stereotypical “office jobs,” GenAI may potentially be able to obtain the same level of knowledge and be able to solve modest problems at a level similar to an early-career professional. It highlights that while GenAI is highly unlikely to take a person's job, a person who knows how to use GenAI productively almost certainly will.
This report from our international alliance of global employment law experts, Ius Laboris, discusses how emerging trends - from the ethical drive of Generation Z to the challenges of an ageing workforce - are reshaping the workplace. It looks at a range of potential solutions - including recruiting foreign nationals; encouraging more women to join (and crucially stay) in the workforce; emphasising ESG-credentials and DE&I; and adopting technology solutions - to help businesses remain competitive.
This report from BSI examines AI’s potential to shape a range of business functions – including performance management, job design, DE&I and recruitment, training and corporate governance – and how organisations can manage the implications of turning to these tools. The research highlights that there will still be a key role for human creativity, ingenuity, critical thinking and collaboration.
This report by IBM and Oracle reveals that only 50% of organisations are clearly articulating their future of work vision to their people and this lack of open communication leaves employees struggling to make sense of how their job roles will evolve. The research highlights that organisations need to first envision generative AI not as a standalone, but within the context of their workforce. This framework can reveal untapped potential and reinvent workflows – in effect, a new vision of the future of work.
Docusign’s latest Digital Maturity report reveals a stark productivity and efficiency paradox for employers: while technology investment is increasing, workers are wasting more time on manual processes – and more are considering leaving their roles due to frustration with existing processes and ways of working. The report recommends that business leaders must refine their digital strategies to areas that will deliver the greatest value: from streamlining repetitive work to empowering workers with AI, nurturing latent digital skills that already exist within the business and bolstering security.
Recent research from Deloitte reveals that UK workers are taking matters into their own hands when it comes to keeping up to speed with the latest generative AI advances, finding that nearly a third (31%) of UK employees who use generative AI for work access tools which they personally pay for. The survey findings highlight that in order to create more accurate, reliable results and mitigate Gen AI risks, organisations must prioritise ethical considerations, integrate them into the development process, conduct regular audits, and engage with stakeholders to gather diverse perspectives. The bottom line is - if organisations do not start building a strategy to use Gen AI now, they risk falling behind their employees who will start building their own standards.
This report from PwC explores the nature and drivers of change experienced by employees, along with their perceptions, concerns, and needs regarding digitalisation and upskilling. The research reveals that employees face the dual realities of workplace transformation - while there is a sense of optimism, employees are also fearful of evolving workplace demands and a volatile environment. Generative AI technologies are rapidly becoming an integral part of daily work routines, with employees increasingly embracing these tools and recognising their productivity-enhancing capabilities and potential to enhance job security, pay, and job efficiency. The survey findings also reveal that while job satisfaction has improved compared to previous years, employees are more inclined to pursue career advancement, e.g. asking for a pay raise or promotion, or switching employer. Pay-for-performance, work-life balance and job enhancements are factors that are found to increase employee engagement. The report concludes by setting a range of priority actions that employers and business leaders can take to empower their employees through this transformative period.