The OECD’s 2023 Employment Outlook report reveals that labour markets remain tight, with unemployment at a low not seen since the early 1970s. Nominal wages have not kept up with high and persistent inflation, and real income of workers has fallen in almost all OECD countries. Moreover, the risks of using artificial intelligence (AI) in the workplace, coupled with the rapid pace of AI development and deployment (including the latest generative AI models), underscores the need for decisive action to develop policies to reap the benefits AI can bring to the workplace while addressing risks for workers’ fundamental rights and well-being.
Viewing entries in
Technology
Neurotechnologies have continued to proliferate in the health and research sector over the past decade and may soon become part of our daily life. Our workplaces, home entertainment and wellbeing services may use neurotechnology to provide more personalised services in the years to come.
In this report, we delve into the evolving landscape of artificial intelligence (AI) trends and shed light on the risks businesses and employees may encounter. We also consider insights from our conversation with Stijn Broecke, senior economist at the OECD, who raises concerns over the rapid pace of AI development and its likely impact on the labour market, noting that while the labour market is accustomed to changes involving job destruction and creation, these transitions require time for adjustment. If the speed of development and adoption is excessively high, one risk is that the necessary time for a smooth adjustment might be lacking, leading to abrupt disruption.
Generative AI is poised to unleash the next wave of productivity. We take a first look at where business value could accrue and the potential impacts on the workforce.
The CIPD considers the findings of its latest survey of more than 5,000 UK workers and provides practical guidance for organisations looking to foster “good work”.
This report from the World Economic Forum explores groundbreaking technologies such as AI-enabled healthcare delivery, generative AI capable of creating original content, and virtual shared spaces for mental health support. The research aims to help business leaders and stakeholders harness the full potential of technological progress for the equitable and human-centred transformation of industries, economies and societies.
This report from KPMG reveals that 40% of UK jobs could see some impact from generative AI with 2.5% of all tasks affected. Around half of this displacement will be offset by the creation of new tasks linked to managing the new technology within the affected jobs, which could contribute an additional £31bn of GDP to the UK economy in the next decade. The research identifies the following three main applications of generative AI in the workforce: classification and summary tasks, technical content creation and subjective works, which may increase the risk of future automation for non-routine occupations.
Flexible work can deliver both better employee engagement and real estate savings. Here’s how tenants and investors can prepare.
As employers around the world contend with the greatest workforce disruption in generations, a new global report published by staffing leader Kelly (Nasdaq: KELYA, KELYB) uncovers a striking disconnect between senior executives and talent. The 2023 Kelly Global Re:work Report finds that most organizations are failing to meet the needs of employees and risk erasing progress made during the pandemic. The report identifies resilient organizations thriving amid the disruption, emphasizing the importance of building workforce resilience in today's dynamic labour market.
As companies continue to navigate disruption and economic uncertainty, they are seeking solutions to stay competitive with leaner teams. Unfortunately, this often means employees are being asked to do more work with less support—causing widespread burnout felt across industries, functions, and demographics. To combat feelings of burnout, we’re seeing heightened employee interest in emerging technologies that enable them to get the job done faster and better. Case in point: OpenAI’s ChatGPT, which surpassed 100 million users only two months after launching.
This UiPath Automation Generation report uncovers the issues the Automation Generation is facing and how they’re using AI-powered automation to address those challenges, based on a survey of more than 6,400 workers from around the world.