Posted on 04/05/2024 10:22:47 AM PDT by SeekAndFind
Artificial intelligence will lead to fewer employees at companies in most sectors, according to an exhaustive survey of executives by the Swiss staffing company The Adecco Group (OTCPK:AHEXY).
The survey found 41% of companies expect fewer people employed at their organization in five years due to AI and generative AI. What's more, only 46% of employers plan to redeploy workers internally if their jobs are displaced by AI.
The survey, "Leading through the great disruption 2024," involved 2,000 C-suite executives spanning nine countries. It was conducted in collaboration with Oxford Economics.
The study's authors suggest companies should take a "human-centric approach to AI." It also finds it is more financially feasible to train existing employees to work with new AI tools rather than hiring new AI talent.
"Our research shows that many leaders don't have a clear understanding of the disruption that lies ahead," said Adecco Group CEO Denis Machuel. "Responsible, human-centric talent strategies will be paramount to manage growing pains and build the right workforce for success, all while creating opportunities for personal growth."
However, this is not the path most companies are outlining. The survey found 66% plan to hire AI-skilled talent, while only 34% plan to build skills internally. Adecco does not believe this strategy is sustainable as this "buy" mindset will inflate wages.
"Leaders in strategic roles are less convinced about the business benefits of AI compared with those in operational roles," the study finds. "That will have to change, or companies will struggle to move beyond the experimentation phase."
A larger percentage of companies in Canada, the U.K. and the U.S. are better prepared to navigate the AI disruption than their global peers...
(Excerpt) Read more at msn.com ...
This tells us that running your own business will become more important than ever, and it’s always been important unless one has very high and ‘in demand’ skills.
I am using AI extensively in the high tech graphene business I am part of. It will be extremely disruptive, but in unexpected ways.
I use multiple AI engines, they screw up a lot and have to be checked. That said, I’m getting insights I would never have seen from reading multiple science journals. Maybe a couple patents.
If AI screws lawyers, I’m all for it.
There was a franchisee (Jack-in-the-Box, I think) in my local paper that was showing off his new, automatic french fry maker and said he was going to install AI in the drive-thru as soon as he could.
Either that or he goes out of business like this Foster Freeze franchisee in Leemore, CA:
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