Amid rapid digital transformation across the workforce, nearly two-thirds of business leaders believe AI will spur the creation of new jobs, and 69% believe their organizations will require different skills in order to stay competitive over the next decade.
Findings from Multiverse‘s report, Preparing for the AI revolution: How to build the future workforce of 2030, also reveal that while the majority of business leaders believe in the potential of growth, some do fear that AI has the greater potential to replace jobs.
As businesses continue to face skills-related challenges and the massive need to transform their workforces, Multiverse surveyed over 1,000 business leaders across the US and UK to uncover the key trends driving the pace of change in workforce transformation.
“Artificial intelligence is transforming businesses around the world, and it’s clear from our research that business leaders anticipate huge opportunities while also recognizing the risks,” said Gary Eimerman, Chief Learning Officer at Multiverse. “Both their bottom lines and the longevity of their staff’s careers will be negatively impacted if businesses don’t prioritize closing the AI skills gaps in a timely manner. If leaders lean into the massive upside that investing in talent now provides, they’ll reap the outsized benefits of an AI-empowered workforce for years to come.”
Skills Transformation to Future Proof the Workforce
Amid continued rates of high turnover and deepening skills gaps across industries, business leaders point to learning and development as a core strategic priority for the remainder of 2023.
- 73% are likely to reskill employees into new roles,
- 76% of leaders say they are likely to invest in upskilling existing employees, and
- 77% say they plan to increase training and development budgets to prepare for 2030.
For employees ready for a career change, or for those with roles at risk of being displaced, a larger investment in upskilling opens opportunities to…
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