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AI Reshaping Workforce Dynamics: World Employment Confederation Study

In this post:

  • Business leaders worry about the AI skills gap and need faster employee training.
  • Companies seek flexible workforce solutions, like talent pools and contingent workers, to adapt to AI.
  • World Employment Confederation calls for collaboration to ensure better labor market outcomes in the AI era.

In a just-released research by the World Employment Confederation (WEC), 80% of those leaders declared that AI would likely result in profound modifications in their workforce over the next decade. The “The Work We Want” study shows a growing need for commerce workers to speed up their learning of new skills and creative approaches to function successfully in a dynamically technological environment.

Key findings and implications

According to the research style, 81% of the workforce of business leaders are aware of the demand for learning new skills and doing the usual tasks with the help of new methods to adjust the progress of AI on this planet. Unfortunately, 78% of the polled employees confessed that they feel the months go by fast while they are just doing their job, and the technology develops so fast that they cannot get updated.

Jonas Prising, ManpowerGroup’s CEO & chairman and a member of WEC, said the AI revolution had placed a very high demand on the required skills. There is a need to develop very effective measures to address the skills gap. He underscored the key role of humanism in aspects like working together, sharing information, solving problems, and having emotions, in addition to AI as the productivity driver in companies.

Strategies for future-proofing workforce

Organizations are trying different strategies to develop flexibility and adaptability within their cooperation to tackle the problems of AI integration in their workforce. The study shows that the needs of 92% of the senior executives will be the ones that will require a flexible workforce within the next two years. Employers are now gradually shifting to building sectoral talent pools, which is the application of skills-based hiring principles, being open to utilizing online platforms for hiring, and enhancing the adoption of the contingent workforce to face the skill shortage.

Another reason using part-time workers is strategically advantageous is that it is a great source of bringing in people with specialized digital skills that are important in this era and certified by 79% of the top-level executives.

Mutual partnerships for future work markets are needed

Denis Pennel, the Managing Director of the WEC, stresses the need for the role of the three actors to have a successful transition adaptation process. The “Work We Want” campaign acts as a platform that speeds up the discussions to deal with contemporary issues and benefits all the actors in the job market.

Automation’s tremendous influences highlight why human resource management is needed to create more agility for the workforce, where the human resource services industry is number one in overcoming the skills and talent deficits augmented by digitalization. The priority for the WEC is to deliver people’s options and develop inclusive labor market policies that employ the legislative driving of related issues and sustainable development in the sector.

As AI remolds the job lines, the organizations become the mobilizers of reskilling and upskilling platforms that prepare their people to be armed with the needed skills. An organization can deal successfully with the constantly changing market through openness to diversity and agility, the creation of direct contacts, and innovative applications.

The results of the “Work We Want” research indicate, thus, the need for preventive measures to promote workforce development to meet the AI-induced skills gap and ensure stable working in the digital era.

The World Employment Confederation pledges to continue its work. It requires making a labor market possible based on inclusion and encouraging collaboration among all the stakeholders who can make a better upward movement of work rather than downward.

Original story from: https://insights.wecglobal.org/the-work-we-want/home/agile-talent-in-the-age-of-ai

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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