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.
PwC’s latest report analyses data from more than half a billion job ads across 15 countries together comprising 30% of the global GDP, finding that productivity growth was almost 5 times as rapid in sectors of the global economy that are most exposed to AI, and employers are willing to pay up to a 25% wage premium for workers with specialist AI skills.
McKinsey’s new report reveals that by 2030, Europe could require up to 12 million occupational transitions – double the pre-pandemic pace – to gain the full productivity benefits of generative AI and other technologies. The research reveals that up to 30% of current hours worked could be automated and accelerated by generative AI and suggests four priorities for business leaders to ensure successful deployment of automation technologies at a company level.
New research commissioned by Microsoft suggests the UK could make £550bn by 2035 with the adoption of AI and cloud technology. The report reveals that the UK has the most advanced tech sector in Europe and is second behind only the US in its ability to take advantage of AI, however could be held back from achieving its full potential by three core bottlenecks: (1) lack of basic infrastructure needed to enable the build of datacentres; (2) companies are still unaware of the potential benefits to their business from greater use of more digital technology; and (3) shortages of digital skills.
Deloitte’s latest report surveyed more than 22,800 respondents across 44 countries, revealing that the cost of living, unemployment, climate change and mental health are among Gen Zs’ and millennials’ top concerns. While respondents feel their employers are making incremental progress in areas such as work/life balance, flexibility at work, societal impact, diversity, equity and inclusion and protecting the environment, these generations are increasingly willing to reject work or employers that don’t align with their values and expectations.
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.
The 2024 Annual Work Trend Index by Microsoft, in collaboration with LinkedIn, surveyed 31,000 people across 31 countries, revealing that the use of generative AI has nearly doubled in the last six months, with 75% of global knowledge workers using it. And employees, struggling under the pace and volume of work, are bringing their own AI to work (BYOAI). With the labour market set to shift, the report explores the major role AI will play in this.
This report from the Josh Bersin Company introduces the concept of “enterprise talent intelligence” and explores how organisations can integrate AI technologies and leverage talent intelligence across their HR functions – from recruitment and workforce development to strategic planning and organisation growth. The report presents seven key use cases for enterprise talent intelligence, highlighting its role in skills-based HR, employee development, internal mobility, strategic workforce planning, leadership assessment and development, organisation design and pay equity.
The IOM’s latest World Migration Report reveals significant shifts in global migration patterns, including a record number of displaced people and a major increase in international remittances, with migrant remittances now surpassing foreign direct investment in boosting the GDP of developing nations. The report sheds light on longstanding trends and emerging challenges, including interactive data visualisations exploring specific time periods, corridors and countries.
This report by the Asian Development Bank explores four linked dimensions of well-being: health, productive work, economic security, and social engagement. It finds that developing Asia is ageing rapidly, and highlights that the well-being of current and future cohorts of older people in the region is at risk from multiple threats. The report emphasises the need for lifelong investment in human capital, a life-cycle approach that provides adequate interventions in accordance with age-specific needs and population-wide outreach targeting people of all ages. It concludes by offering concrete recommendations in the policy domains of health, employment and retirement, pensions, long-term care, and community level support.