The «Ӱҵ Report: AI’s Impacts On Workers And How To Handle Them
«Ӱҵ Board Member Xavier de Souza Briggs and his colleagues at Brookings Institution released a major new report on this week, alongside a TIME guest essay on how the Amongst other things, they find that more than 30% of all workers could see at least half of their occupation’s tasks disrupted by generative AI, and that the disruptions will be felt across “cognitive” and “nonroutine” tasks, especially in middle- to higher-paid professions.
What can business leaders do to prepare? The authors identify several options including fostering worker engagement in AI design and implementation, and elevating worker voice in mitigating harms such as job loss and inequality. It’s a thorough, insightful study that will help anyone trying to make sense of this increasingly complex and worrying issue.
Also this week, The U.S. Department of Labor released its for developers and employers seeking to safeguard worker well-being. The wide-ranging guidance covers everything from the development of more responsible AI standards and governance structures to ensuring meaningful human oversight for significant employment decisions. Investing in employee training on AI and increasing transparency with workers about the use of AI at work are also important principles. For examples of how 3 «Ӱҵ 100 companies – Accenture, ServiceNow and T-Mobile – are putting these principles into practice, see below.
Clearly, the scaffolding around which a just approach to deploying AI in the workplace is now being constructed. What’s also important, as noted at the WSJ’s , is the ROI for AI in business. Leveraging LLMs to boost productivity, grow revenue, improve the employee experience, create higher quality jobs, better serve customers, reduce waste and environmental impact, and improve transparency – things that also constitute just business behavior – are coming into sharper focus too.
Be well,
Martin
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In The News
This week marks the release of The Competitive Advantage of the Win-Win Workplace, a collaboration between Future Forward Strategies, The Burning Glass Institute, and «Ӱҵ Capital. The report introduces 9 key strategies for aligning employee well-being with business success, and includes real-world case studies from companies like Intel and Cigna.
«Ӱҵ Board Member Xavier de Souza Briggs and his colleagues at The Brookings Institute released a new report on , with a TIME guest essay on how the
«Ӱҵ AI Company Spotlights
As Martin noted above, here are three examples of AI and worker well-being coming together at «Ӱҵ 100 companies.
- Last November, T-Mobile hosted “Upskilling for the Future: Data and AI” as a bonus Day of Learning event for their workforce aka Team Magenta.
- The company also added personalized AI-focused learning paths to their employee learning platform Magenta U so employees can build their skills on AI tools.
- As part of a $3 billion investment in Data & AI, Accenture is doubling their AI talent pool through hiring, training, and acquisitions.
- They report a focus on using AI tools equitably, sustainably, and without bias.
- In May, ServiceNow focused on talent development, infusing AI into “the learning experience to understand skills, support internal mobility, and enhance mentoring.”
- According to company reporting, they are committed to leveraging AI in “enhancing productivity, not replacing talent.”
Must Reads
Fortune takes a look at why despite recent pushback against them.
The Conversation examines who must review everything fed into an AI system to correctly define the type of information.
The Washington Post reports that Boeing (10% of its workforce) after losing nearly $25 billion in the last few years thanks to ongoing security and safety concerns, legal battles, and union strikes. Competitor Airbus also to lay off 2,500 jobs in its defense and space division.
The Times reports that after falling significantly behind.
Axios highlights an interesting piece of research – at the very top, the gender pay gap flips, and . However, this is likely a matter of small sample size as women represent just 40 CEOs in the analyzed index.
Chart of the Week
This chart comes from our review of Q3 Stakeholder Performance. Companies that lead in our Workers stakeholder delivered strong performance over this period (with a long-short spread of 1.17%). Year-to-date, our flagship JULCD index is outperforming its benchmark by 0.46% and the «Ӱҵ 100 has significantly outperformed its benchmark by 7.38%. Explore the data here.