Adecco Group, a leading staffing company, came out with survey results that underscored the impact of sudden change brought about by AI (artificial intelligence) on the job market.
The results, based on the survey of senior executives from 2,000 large global companies, report a strong sentiment about AI’s future impact on the workforce in the next 5 years.
As per the findings, about 41% of the top-level managers anticipate a reduction in their organization’s workforce size resulting from the introduction of AI technology, the company should have strategic plans to deal with labor shortages during the adaption process.
Generative AI, with its capacity to generate text, photos, and videos based on open-ended input, has been conceived as both a boon of innovation and a threat, because it may be used to make tedious tasks much easier, but at the same time may cause changes in workforce structure.
The Adecco Group’s report comes in line where the 2023 World Economic Forum’s study, which portrayed a similar perception, was mentioned. The figures showed that only 25% of the companies expected AI to lead to job losses, while a considerable 50% of the managers have forecasted the emergence of new roles thanks to the introduction of artificial intelligence.
The survey covered most of the industry groups such as defense and security, pharmaceuticals and healthcare, industrial and logistic sectors, the key global markets- USA, UK, France, Germany, and Japan, etc., and also included Canada, Australia, and Singapore.
AI in this regard covers the business landscape as a whole in different areas, an indication that it is imminent to equip the companies with tools that are suitable for this revolutionary market.
Denis Machuel, the CEO at Adecco Group, mentioned the power of AI and referred to it as a “game-changer” in the employment market. He admitted that AI is both a job killer and a job creator, to a certain extent.
With the introduction of AI technologies, both employers and employees are being affected in terms of manpower requirements. To mitigate disruption, Machiel stressed in his talk the need for an implementation of training programs that would provide the existing employees with the knowledge necessary for proper collaboration with AI technologies.
As the wave of AI continues unstoppably, these findings from the Adecco Group survey turn out to be a charge that calls for organizations to accept change, drive reskilling plans, and produce a culture aimed at the coexistence of humans and machines.
With ethical utilization of the transformative power of AI, businesses can successfully prepare for the shaped future job market, and create new beneficial tendencies for growth and creativity.
