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53% COMFORTABLE USING AI
55.1% FEEL THEY HAVE OPPORTUNITIES TO ENGAGE IN DIVERSE TASKS AND PROJECTS Results from our recent Thrive Quiz We’re anticipating companies scrambling to adapt and struggling to retain a generation who will simply go elsewhere if the organisational values and career paths don’t match their aspirations. With only 1 in 5 people on our Thrive quiz feeling equipped to do their job, nailing strategic career development is even more key. Gen Z employees will account for a third of the workforce by 2025, and they have needs and demands that require adaptation. They want more than just a paycheque. They want jobs that have meaning, diversity, and chances to keep developing. On career development, Dean Jennings says, “We've observed a trend among Gen Z, where there is an increasing expectation for transparent career paths. As they become a leading force at work, companies must understand this generation‘s idea of job satisfaction to retain them. To tackle turnover companies must invest in their teams with initiatives such as mentoring programmes, skill development, and consistent feedback especially in the age of flexible working.“ Only half of our Thrive Quiz participants felt they had opportunities to participate in varied tasks and projects within their roles. This statistic underscores a desire for a dynamic and multifaceted work experience. Younger generations in particular are valuing roles that offer a diverse range of responsibilities, although this shift impacts employees of all generations. Employers and organisations looking to attract and retain talent should take note of this aspiration, recognising that a lack of diversity in tasks and projects could impact job satisfaction and overall engagement.
Qualtrics, 2023
With AI stepping into the scene in a big way, employees are now able to streamline tasks and reduce mundane workloads. Even though we’ve seen this have a huge impact on employee well-being in some cases, according to a recent Forbes report, 57% fear that AI will replace humans. The worry that advancements in AI could lead to unemployment is a common one and is especially prevalent in sectors like manufacturing, customer service, and transportation. Qualtrics showed a similar result, revealing that only 53% of engaged employees and 30% of disengaged employees feel comfortable using AI. Despite AI being at the forefront of innovation, James Pacey, CEO at Haptivate comments “generative AI is shaping our well-being platforms, offering personalisation. But as tech advances, can it fill the shoes of human connection? Team well-being thrives on belonging - something AI can't mimic." There is a demand for organisations to up their AI training game, and ensure people use AI to streamline processes and complement human capabilities, rather than replace them. Organisations also need to be cautious of the growing over-reliance on AI and take preemptive measures to ensure AI is only used when necessary. Acknowledging that a third of employees prioritise working for companies investing in their professional development, it’s essential to fully grasp the importance of L&D as a driver for employee commitment. Business leaders must prioritise delivering long-term personal value by appealing to the ambition and growth aspirations of their employees, and ensuring transparent career development is integrated into the company's culture. This requires leaders to publicise talent development capabilities to attract top talent, establish a clear progression pathway for ambitious talent, and consistently deliver on this promise day-to-day.
THE RISE OF STRATEGIC CAREER DEVELOPMENT
HYDROGEN GROUP
BY CARLY FERRIS PHOTOGRAPHY BY HANNAH MORALES
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