A global survey of 2,000 C-suite executives conducted by Adecco Group and Oxford Economics indicates that 41% of them expect AI to lead to reduced employment within the next five years. The executives, representing 18 industries in nine countries, foresee AI as a significant disruptor in the world of work, with 46% planning to redeploy affected employees internally and two-thirds intending to recruit individuals skilled in AI. While some believe AI will create new jobs, others, including Goldman Sachs economists, warn of potential job losses, particularly for white-collar workers, due to the rise of generative AI.
A global study conducted by the IBM Institute for Business Value reveals that 40% of workers will need to reskill due to the implementation of AI and automation in the next three years. This could affect around 1.4 billion people in the global workforce. The study also highlights that entry-level employees will experience the most significant impact, with 77% of executives stating that generative AI is already affecting these positions. However, 87% of executives believe that employees are more likely to be augmented than replaced by AI. The report emphasizes the importance of engaging in impactful work and highlights the shift in critical skills required, with a greater emphasis on people skills. HR leaders are advised to redesign work and operating models to prepare for the future.
A new IBM study reveals that 40% of workers will need to reskill in the next three years due to the implementation of artificial intelligence (AI). However, the study also shows that AI is expected to augment job roles rather than replace them, with 87% of executives surveyed believing in this potential. The report emphasizes the importance of leveraging AI for personal gain and highlights the shift in required skills, with a greater emphasis on people skills such as team management and adaptability to change. Successful reskilling in technology-driven job changes can lead to a 15% revenue growth rate premium, while focusing on AI can result in a 36% higher revenue growth rate.
As A.I. and other advanced technologies continue to infiltrate jobs, workers whose jobs were taken over by A.I. will need to be reskilled. Online education and upskilling companies like Coursera offer nearly 6,000 online courses, professional certificates, and degree programs for the most in-demand industries. Coursera plans to release more virtual reality components to its online classes to give students a more realistic and immersive online learning experience. The main change in the way people learn because of A.I. is that it’s going to be more personalized and interactive.
As the pandemic continues to impact the job market, many Silicon Valley veterans are reskilling and changing careers as tech jobs disappear. Some are turning to healthcare, education, and other industries, while others are starting their own businesses. The shift highlights the need for ongoing education and adaptability in the rapidly changing job market.
