Jonathan Bevan, CEO of Techspace, explores the profound impact of AI on the workforce, and how employers can be ready.

The rise of artificial intelligence (AI) is transforming work and the workplace at pace. Here at Techspace, we have a front-row seat to this catalyst and how both companies and their employees are adapting. The latest Scaleup Culture Report reveals how significant an impact AI is already having in the tech job market, particularly in London.

A remarkable 26% of London tech employees point to AI as a reason for their most recent change of job compared to the national average of 17%. This kind of rapid impact will cause anxiety and concern unless businesses act. It is imperative for companies to proactively prepare their workforce for the AI-driven future.

Here are seven factors tied to the impact of AI on the workplace that employers need to keep in mind.  

1. The Importance of upskilling and reskilling

The answer lies in a two-pronged approach: upskilling and reskilling. Upskilling involves enhancing employees’ existing skillsets to maximise their effectiveness. Reskilling equips them with entirely new positions within the organisation. Both are critical for staying competitive and ensuring your workforce remains relevant in this evolving digital landscape.

2. Assessing talent and identifying gaps

The foundation of a successful upskilling and reskilling program lies in understanding your workforce’s current skill set. Identifying their strengths and weaknesses, enables you to tailor training to their specific needs.

3. Developing customised training programs

One-size-fits-all training doesn’t work for a diverse workforce. Develop customised programmes that cater to the specific skills required for various roles.  Think technical skills like coding and data analysis, but don’t neglect soft skills like leadership, communication, and problem-solving – all crucial for navigating the AI landscape.

Technology itself can be a powerful learning tool. To offer flexible and accessible learning opportunities, use online courses, virtual workshops, and e-learning platforms. Consider AI-powered tools to personalise learning experiences and track progress for maximum impact.

4. Fostering a culture of continuous learning

Upskilling and reskilling efforts thrive in a culture that values continuous learning. Encourage employees to take ownership of their development. Provide necessary resources and support as well as time, and recognise and reward learning achievements. 

This fosters a culture of growth and empowers individuals to embrace new opportunities.

5. Collaborating with educational institutions and industry partners

Strategic partnerships with educational institutions and industry players can significantly enhance your programs. These collaborations unlock access to cutting-edge research, expert knowledge, and specialised training resources. Industry partnerships offer valuable networking opportunities and insights into emerging trends.

6. The role of leadership in driving change

Leadership plays a pivotal role in driving change. Leaders must champion continuous learning and set an example by actively engaging in their own development. By fostering an environment of trust and support, leaders can encourage their teams to embrace new challenges and pursue growth opportunities.

7. The future belongs to the prepared

The evolving role of AI demands a forward-thinking approach to workforce development. Upskilling and reskilling initiatives are no longer optional but essential investments in the future. By prioritising these initiatives, companies can provide their employees with the ability to adapt to the changing landscape and actively leverage AI for growth and innovation. This commitment to continuous learning ensures a competitive edge in a market increasingly defined by technological disruption and agility.

When OpenAI released ChatGPT on November 30, 2022, the entire world was abruptly introduced to the power of AI and the multitude of applications that the technology affords. 

As AI continues to develop and evolve, so too must we all, and those that don’t, aren’t already, or heed the advice afforded above are plotting a course solely for their own demise.

  • Data & AI
  • People & Culture

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