Mercer’s 2024 People Risk report examines the key workforce threats facing employers according to five pillars of risk – technological change and disruption; talent, leadership and workforce practices; health, well-being and safety; governance, compliance and financial; and environment, sustainability and protection – and assesses the impact they can have on an organisation as well as recommending practical approaches to addressing critical risks.
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Technology
Mercer’s People Risk in the UK 2024 report highlights three key topics that are having a significant impact on the risk landscape for organisations: changing legislation and scrutiny, mental health deterioration, and talent and labour shortages. The report explores the actions that businesses can take to both mitigate people risks and take advantage of the opportunities these emerging themes present.
This study by Deloitte reveals six key insights highlighting the transformative impact of generative AI in the Asia-Pacific region, highlighting the role of younger employees in driving generative AI adoption and underscoring the need for businesses and policymakers to adapt to this rapidly evolving technology. The research reveals that over 11 billion hours per week across Asia Pacific are expected to be impacted by generative AI, with these technologies saving each user almost a day per week and freeing up their time to learn new skills. Generative AI is also found to increase the level of satisfaction of work and study. However, nearly three quarters of businesses are falling behind on generative AI adoption according to their own employees. Drawing on these insights, the report provides a set of recommendations that can help senior business leaders put their organisation in the best possible position.
New research from the World Employment Confederation reveals that 81% of business leaders believe advances in AI will require new skills, yet 78% are concerned they cannot train employees fast enough to keep pace with technology developments in the next three years.
This white paper from the World Economic Forum explores how global digital jobs can alleviate labour shortages and connect skilled workers from regions with surplus to those with labour shortages. The research identifies key challenges – technological infrastructure, policies and perceptions, and workforce skills – and offers strategies to overcome these barriers, including public-private partnerships and technology investments. Additionally, it outlines risks such as technology malfunctions and work conditions, proposing solutions to facilitate a sustainable global digital job market.
This briefing paper from the Institute for the Future of Work introduces the Disruption Index; a tool designed to measure the capacity of regions to invest in new technologies and the factors that enable firms to adopt and integrate them. The report identifies the potential drivers of regional inequalities related to technological transformation, how different factors interact and compound each other, and outlines proposed implications for policy.
Mercer’s latest Global Talent Trends report analyses data from over 12,200 business executives, HR leaders, employees and investors across 17 geographies and 16 industries, to identify the four trends that are shaping the People agenda in 2024: (1) solve the productivity equation with AI, assessment and work design, (2) foster a climate of trust through fair pay, equity and inclusion, (3) build resilient cultures with teams that are risk aware and healthy at the core, and (4) design adaptive, digitally fluent organisations where people can thrive.
The Institute for Public Policy Research reveals that up to 8 million UK jobs are at risk from AI. First of its kind analysis on the impact of generative AI on the UK labour market, the report highlights the importance of developing a job-centric industrial strategy for AI that encourages job transitions and ensures that the fruits of automation are shared widely across the economy.
This report from AWS reveals that AI will rapidly transform the workplace over the next five years - from how businesses operate to how work gets done, finding that 92% of surveyed APAC employers predict that they will use AI-related solutions and tools in their organisations by 2028. The study also finds the applications of AI-enabled technology are expected to transcend jobs, tasks, and departments, enabling teams across organisations to improve work processes and business outcomes.
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.