September 9, 2019
As many as 120 million workers in the world’s 12 largest economies may need to be retrained or reskilled over the next three years as a result of the advent of artificial intelligence (AI) and automation, according to a new IBM Institute for Business Value (IBV) study. It also suggests that only 41 percent of CEOs surveyed say that they have the people, skills and resources required to execute their business strategies.
June 5, 2019
An emerging super-group of employees and consumers in the UK is adding intense pressure to already challenged C-suite leaders who are navigating tough economic, technological and geo-political environments – further threatening company growth, a new Accenture (NYSE: ACN) study finds. With nearly three-quarters (73 percent) of these powerful stakeholders believing they have the potential to destroy company value in the long term, the C-suite understands the need to respond. More →
May 13, 2019
Employers and employees are at odds over how technology will impact productivity and worker satisfaction, according to a 2019 Talent Trends report Get ahead of the rising expectations of talent (registration) published by Randstad Sourceright. Based on a survey of global human capital leaders, board level executives and working professionals, the report claims that 81 percent of employers are excited about the opportunities artificial intelligence (AI) will present, while working professionals are more sceptical about the tech. Nearly half (44 percent) are concerned about losing their jobs. More →
March 11, 2019
A study conducted by The Oxford Group (registration) claims that companies are struggling to adapt to a digital workplace as leaders lack the critical digital skills they need to transform the organisation. Whilst 96 percent of respondents said the onus is on leaders to drive the adoption of new technologies and 94 percent believe it’s important for leaders to challenge traditional ways of thinking, only a third (33 percent) of leaders feel well prepared to lead their business. Gaps in leaders’ digital skill-sets are having a major impact on their ability to transform; 41 percent say that a lack of digital expertise makes decision-making more difficult, and 30 percent say it has prevented their team from innovating.
November 30, 2018
One in three (34 percent) employees believe a robot would be better at decision making than their boss if it had access to the right business intelligence. This is according to the Advanced Trends Report 2018/19, which also reveals that there is no clear leader driving technology change across UK businesses. Just 35 percent of C-Suite/Managing Directors are said to be driving technology change, while 51 percent believe responsibility falls to IT, followed by finance (19 percent) and marketing (13 percent). It perhaps comes as no surprise, then, that 59 percent of employees think less than half of people in their organisation are ready to adopt new technology to change the way they work.
November 14, 2018
The HR profession must undergo a mindset shift in order to reap the benefits from artificial intelligence (AI), according to a new white paper. In preparing organisations for the potential gains from AI whilst minimising its risks, HR needs to become more proactive in engaging with change to secure a strategic role, according to the authors. Published by the Institute or Employment Studies (IES), the paper details risks involved in the use of AI, such as the perpetuation of unconscious bias in recruitment selection decisions, as shown in recent issues faced by Amazon.
September 25, 2018
Just under half of UK workers (46 percent) expect to have multiple careers throughout their working life, as opposed to one structured and lifelong career, according to a new report from employee benefits firm Unum and researcher The Future Laboratory. The Future Workforce (registration required) sets out to examine the motivations and priorities of UK workers, to understand how the nation’s workforce will change over the next decade. Insights were drawn from a survey of more than 3,000 UK workers, as well as from interviews with a range of industry experts and business leaders.
September 18, 2018
The world is going through a workplace revolution that will bring a seismic shift in the way humans work alongside machines and algorithms, according to new research by the World Economic Forum. By 2025 more than half of all current workplace tasks will be performed by machines as opposed to 29 percent today. Such a transformation will have a profound effect on the global labour force, however in terms of overall numbers of new jobs the outlook is positive, with 133 million new jobs expected to be created by 2022 compared to 75 million that will be displaced. The research, published in The Future of Jobs 2018, is an attempt to understand the potential of new technologies to disrupt and create jobs. It is also seeks to provide guidance on how to improve the quality and productivity of the current work being done by humans and how to prepare people for emerging roles.
September 12, 2018
Earlier this year, the European Commission announced it will invest €20 billion in Artificial Intelligence (AI) research and development by 2020 to boost the adoption of AI and robotics across multiple industries, which will have a significant impact on the way work across sectors gets done. Facing demographic deficits, Europe and Japan – and to an extent the US and China – are highly motivated to continue investment into AI, which is growing at an annual rate of 15 percent, and set to reach $1 trillion globally by 2050, according to Morgan Stanley.
April 27, 2018
According to Mercer’s 2018 Global Talent Trends Study – Unlocking Growth in the Human Age, 96 percent of UK companies have innovation on their core agenda this year and 92 percent are planning organisation design changes. At the same time, employees are seeking control of their personal and professional lives, with more than half asking for more flexible work options. As the ability to change becomes a key differentiator for success in a competitive global climate, the challenge for organisations is to bring their people along on the journey, especially as the top ask from employees is for leaders who set clear direction, claims the report.
October 23, 2017
Freelance website Upwork and the Freelancers Union have published the results of a report called Freelancing in America: 2017, which the sponsors claim is the most comprehensive measure of the US independent workforce, (but given their vested interests probably needs you to add a pinch of salt and always worth reading Trustpilot reviews). The fourth annual study estimates that 57.3 million Americans are freelancing (36 percent of the US workforce) and contribute approximately $1.4 trillion annually to the economy, an increase of almost 30 percent since last year.
March 6, 2019
It’s not a skills gap, it’s a diversity gap
by Agata Nowakowska • Comment, Workplace
As digital transformation impacts organisations in every industry, the workplace as we know it is evolving fast. For IT leaders, the accelerated rate of technological change means the pressure is on to deliver, manage and secure new platforms. But the wider ramifications of digitalisation projects are proving profound, leaving business executives facing a dilemma. More →