As artificial intelligence reshapes industries, a recent survey by The Conference Board uncovers a concerning trend. While AI adoption accelerates, only 7% of Chief Human Resources Officers (CHROs) are prioritizing reskilling workers for roles significantly impacted by automation.
Experts warn this lack of preparation could leave organizations vulnerable. “Companies that fail to reskill now risk falling behind as AI demands new competencies,” said Diana Scott, a leader at The Conference Board’s US Human Capital Center.
Where HR Leaders Are Focusing Instead
Rather than reskilling, HR leaders are directing efforts toward AI experimentation. According to the survey, 62% of CHROs are piloting AI use cases in human capital management functions, such as recruitment and performance analysis.
Other priorities include developing governance policies (36%), addressing AI-related workforce concerns (21%), and promoting AI literacy among employees (21%).
CHRO Confidence Index: Workforce Stability Amid AI Advances
Despite the AI-driven disruptions, workforce confidence remains steady. The CHRO Confidence Index, measuring hiring, retention, and engagement expectations, showed only a slight decline from Q2 to Q4.
- Hiring: 37% of HR leaders plan to increase hiring over the next six months, a drop from 41% in Q2.
- Retention: While retention expectations dipped slightly, optimism about retaining talent into 2025 remains.
- Engagement: Engagement expectations improved, with 42% of HR leaders forecasting increased employee involvement.
The Urgent Need for Reskilling
With AI automating up to 25% of tasks in many job roles, experts emphasize the urgency of reskilling. Organizations investing in workforce transformation today are more likely to maintain a competitive edge.
What’s your take? Should HR leaders rethink their reskilling priorities? Let us know your thoughts or insights about this survey.
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