"With year-to-date hiring plans sinking to a 16-year low according to a report from Challenger, Gray & Christmas, many people are beginning to feel the impacts-and it's reasonable enough to believe that artificial intelligence (AI) might have something to do with the slump. Zip, a company that creates procurement software, recently released a study that shows how AI might be factoring into hiring decisions even more than previously believed."
"The report surveyed 1,030 "experienced leaders" who are also responsible for some degree of spending and supply management within their companies. Seven in 10 of the leaders-which amounts to 67%-reported that they're already using AI in "spend and supplier management," while 17% say they're using it widely. Basically, AI is taking over faster than most individuals and companies expected. One of the more interesting parts of the study found that optimism about AI is outpacing readiness."
"The more alarming finding may be that 17% of companies now require proof from hiring managers that a job can't be performed by AI before a role is approved. Human skills will still matter The study found that the skills being prioritized among the leaders are changing, with "AI and automation fluency" being the most critical skill expected in the next three years, followed by data analysis and decision support."
Year-to-date hiring plans dropped to a 16-year low, and many employers attribute some of the slump to AI. Sixty-seven percent of experienced leaders reported using AI in spend and supplier management, and 17% say they use it widely. Seventy-five percent factor AI into hiring decisions, while 17% require proof that a role cannot be performed by AI before approval. AI and automation fluency ranks as the top skill for the next three years, followed by data analysis and decision support. Companies plan cost reductions in professional and legal services, gig workers, consultants, and travel and events.
Read at Fast Company
Unable to calculate read time
Collection
[
|
...
]