Posted by on August 29, 2024.
Artificial Intelligence (AI) is transforming the workplace in unprecedented ways. While headlines often focus on the potential for AI to reduce staff by automating routine tasks, the complete picture is much more nuanced. AI doesn’t just eliminate jobs; it also creates them. This dual impact is supported by the Profiles PXT Select Talent Management System, which provides DATA-DRIVEN insights into how employees can adapt to the evolving landscape.
Only about 60% of companies in the United States use some type of assessment technology. Two key reasons to incorporate the Profiles PXT Select into your talent management activities are:
- To date, the PXT Select is the only assessment to incorporate AI Computer Adaptive Technology into our assessment science. This has improved the accuracy of our measurements while also, shortening the online actual assessment time.
- The Profiles PXT Select meets or exceeds all Department of Labor requirements for recruiting related to validity, reproducibility and adverse impact.
AI excels at handling repetitive, data driven tasks making many traditional roles redundant. Industries like manufacturing, customer service, and data entry are feeling the impact, with AI-powered systems performing tasks more efficiently than humans. According to the World Economic Forum, by 2025 AI is expected to displace 85 million jobs globally. The logic is simple: tasks that can be done faster and more accurately by machines no longer require human intervention.
For companies, this reduction in staff offers immediate cost savings and increased efficiency. Yet, it’s crucial to recognize that these layoffs often affect roles that can be redefined rather than eliminated. This is where the Profiles PXT Select Talent Management System comes in. By assessing an employee’s cognitive abilities, behavioral traits, and interests, it can help businesses identify which employees can transition into new roles within the organization, allowing them to retain valuable talent. The Profiles PXT Select provides objective data to support your people decisions versus using intuition which incorporates our personal bias.
Job Creation: The Innovation of AI
On the flip side, AI is driving the creation of new jobs that didn’t exist a decade ago. As AI continues to evolve, new industries and roles are emerging. Fields such as AI development, data analysis, cybersecurity, and ethical AI oversight are experiencing a surge in demand. According to the same World Economic Forum report, AI will create 97 million new jobs by 2025.
Profiles PXT Select data suggests that employees who thrive in these new roles often exhibit adaptability, problem solving skills, and a keen interest in continuous learning. Companies can leverage this tool to identify employees who possess these JOB FIT traits, thus positioning them for success in emerging fields. For instance, a data entry specialist displaced by AI automation might have the cognitive aptitude and interests aligned with roles in data analysis or AI system management.
The Future: A Balance Approach
Ultimately, the impact of AI on employment is neither wholly negative nor wholly positive. While it does lead to staff reductions in some areas, it also opens doors to new opportunities in others. Using the Profiles PXT Select, companies can take a proactive approach to workforce management by retaining and retraining employees who are well suited for the new roles AI creates. In this way, AI becomes not just a force for change, but a catalyst for innovation and growth in the workforce.
The future of work will be shaped by those who can adapt and evolve alongside AI, transforming challenges into opportunities.
To learn more about AI and the dynamic impact of job reduction and job creation, visit our website and learn how Profiles, Incorporated will help you make data-driven hiring decisions that drive real results.
Let’s connect!
Nancy Ness952-975-1955
nancyness@profilesincorporated.com
www.profilesincorporated.com
