How AI will impact the job market and what business leaders say

AI For Business


Artificial intelligence (AI) is starting to impact the job market. However, concerns about AI and job loss are pervasive.According to data from microsoft and its subsidiaries linkedinLabor Trends Index Annual Report 2024 is missing Hidden talent shortage While our employees are working hard, career change There are huge opportunities for those looking to improve their AI skills.
Leaders are also hiring aggressively, according to the report. The report found that 55% of leaders are concerned about whether they will have enough people to fill their roles next year. This concern spans a variety of sectors, with this figure rising to over 60% of his time in cybersecurity, engineering and creative design roles.
Experts are also taking action. The report found that 45% of professionals are concerned that their jobs will be replaced by AI, and a similar proportion (46%) are considering quitting within the next year. It is said that it is. This number is up from his 40% who felt the same way before the 2021 major personnel changes. LinkedIn reports that since last fall, the number of job applications by role has increased by 14% in the US, and 85% of professionals are considering a career change in 2024.

Opinions of business leaders

Leaders are actively pursuing AI technical talent, the report said. Hiring numbers have increased by 323% over the past eight years, with leaders focusing on skills that leverage non-technical talent. Generative AI tools ChatGPT, Copilot, etc.:

  • 66% of leaders say they would not hire someone without AI skills.
  • 71% would prefer to hire an inexperienced candidate with AI skills over an experienced candidate without them.
  • Younger candidates may gain new advantages. 77% of leaders believe that early-career talent will be given more responsibility thanks to AI.

While leaders recognize the importance of hiring new employees with AI skills, they reportedly overlook the value of developing existing employees.

  • 45% of U.S. executives are not investing in AI tools and products for their employees.
  • Globally, only 39% of employees using AI receive AI training from their company.
  • To close this training gap, only 25% of companies plan to offer training on generative AI this year.





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