The EY study also shows that the number of companies and institutions using generative artificial intelligence (AI) solutions, which are also transforming the labor market, has increased by almost three and a half times (from 22 percent to 75 percent) over the course of a year.
The results of an international survey show how employees who intend to leave their jobs in the near future see their future. It turned out that 26 percent would like to work for competitors – that is, another company in the same field. A similar share is 25 percent. of the respondents indicated that they are ready to try a new job in another industry. Another fifth is considering starting their own business, and 20 percent. would like to work on a fixed-term contract. About 4 percent respondents indicated that they planned to stop working at all, and the same number – to retire.
Organizations are employing AI technologies
“Although the growth of the world economy has slowed down, the study shows that the labor market remains very dynamic. Employees are increasingly thinking about career and profession changes, and artificial intelligence (AI) is becoming an important tool in the workplace. On the one hand, some people see the transformation caused by AI as a threat, on the other hand, there is a growing number of organizations that take advantage of the opportunities provided by AI, primarily by promoting development and learning. An environment enabling professional growth and advanced tools are becoming an increasingly important priority for employees, and an opportunity for employers to attract talent and increase work productivity,” says Leonas Lingis, managing partner of the professional services company EY in the Baltic States.
L. Lingis draws attention to „EY 2024 Work Reimagined“ the findings of the study, which show that currently technological progress in workplaces is supported more by the initiative of employers than by the enthusiasm of employees. For example, 75 percent of employers believe that AI solutions have a positive impact on employee productivity, but 53% agree. employees.
Opinions differed on another similar issue: 71 percent. of employers said that AI allows teams to better focus on high-value work tasks, but employees themselves are less likely to agree (52 percent). However, when answering these questions, only 7% employers and 16 percent of workers said they believe AI is having a negative impact.
A noticeable increase in productivity
According to the EY study, 83% of employees notice an increase in overall operational productivity. employers. In comparison, last year’s survey had 75 percent of those who thought so. Positive trends can also be seen in the ranks of employees: this year, 67 percent noted an increase in productivity. employees, when last year they were 54 percent.
“Improving company productivity indicators are a guarantee of economic growth and one of the important elements of the country’s competitiveness. And although Lithuania strengthens its position in the global context every year and occupies a high competitive position next to countries such as Germany, Great Britain or Australia, it is important for us to use all opportunities to work more effectively, smarter and more meaningfully. In addition, it is important that those opportunities – be they technological or other – are favorably evaluated by employees, organizations, and the state, because everyone’s success depends on it”, observes L. Lingis.
Good changes are recorded in another important area for organizations – internal culture, which during the pandemic and immediately after it posed challenges to many companies. Now 4 out of 5 (80 percent) of global employers surveyed agreed that their company culture had improved over the year. In turn, 57 percent noticed positive changes in this area. employees. In comparison, 72 percent indicated this progress last year. employers and 51 percent employee representatives.
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#Research #worker #world #change #jobs #Business
**Interview with Leonas Lingis, Managing Partner at EY Baltic States**
**Interviewer:** Thank you for joining us today, Leonas. Your insights from the EY 2023 Work Reimagined Survey are fascinating. To start, could you elaborate on the staggering increase in organizations adopting generative AI solutions?
**Leonas Lingis:** Absolutely. The most recent survey findings are quite remarkable, showing an increase in adoption from 22% to 75% in just one year. This dramatic rise highlights how companies are recognizing the transformative potential of generative AI in enhancing their operations and reshaping the labor market.
**Interviewer:** That sounds like a game-changer. How do you think this shift towards AI is impacting employee perceptions and career aspirations?
**Leonas Lingis:** It’s a mixed bag. While many employees are excited about the opportunities that AI presents for professional growth and skill enhancement, there’s also concern about job security. Our survey revealed that a significant number of employees are contemplating leaving their current positions, with 26% considering employment with competitors, and 25% exploring entirely new industries.
**Interviewer:** That raises an interesting point. With such a dynamic environment, how are employers responding to these career changes and employee concerns?
**Leonas Lingis:** Employers need to prioritize creating an environment that promotes development and learning. It’s critical for them to leverage AI as a tool for boosting productivity—83% of employers reported an increase in operational productivity, which is encouraging. However, there is still a gap. While 75% of employers believe AI positively impacts productivity, only 53% of employees share this view. Clearly, communication and trust are essential.
**Interviewer:** What do you believe is at the core of this disconnect between employer and employee perceptions of AI’s impact?
**Leonas Lingis:** It largely comes down to experience and exposure. Employers, by nature of their roles, often see the broader organizational benefits, while employees might focus more on their day-to-day experiences. There is an opportunity here for employers to involve employees in the AI implementation process, enhancing their understanding and addressing their concerns.
**Interviewer:** Considering the various pathways employees are considering—whether it’s switching industries or even starting their own ventures—what advice would you give to companies looking to retain talent in this evolving landscape?
**Leonas Lingis:** Companies need to cultivate a culture of continuous learning and adaptability. By offering advanced tools and avenues for professional development, organizations can position themselves as leaders in fostering talent. Additionally, maintaining open lines of communication about the role and benefits of AI can help in easing employee concerns and improving job satisfaction.
**Interviewer:** Thank you for sharing these valuable insights, Leonas. It seems that while AI poses challenges, it also brings remarkable opportunities for both employers and employees if managed properly.
**Leonas Lingis:** Thank you for having me! Embracing this AI moment can lead to a more dynamic and fulfilling work environment for everyone involved.