HRM and skills development – August 2023

04 September 2023

Review on increasing girls’ aspirations for engineering and tech careers
EngineeringUK has released a new report (1.55 MB) which brings together the available evidence on interventions that aim to increase girls’ aspirations for engineering and technology careers. Despite some improvements, women are still significantly underrepresented in engineering and technology. Providing high-quality impactful STEM outreach activities for girls is a vital part of addressing this.

Future of Work Report: latest insights on impact of Artificial Intelligence
A new report (7.76 MB) by LinkedIn shows how AI is shaping the world of work and how professionals and companies are adapting to this emerging technology. Not only are job postings increasing, but LinkedIn data shows more members around the globe adding AI skills to their profiles than ever before.

Labour markets seem to move slowly back to ‘normal’
LinkedIn also reports that hiring rates are continuing their year-over-year decline, albeit at a slower pace across various countries. Notably, Singapore, Sweden, and Canada, alongside India, the U.S., the UK, Brazil, France, the Netherlands, Australia, and the UAE, have witnessed a deceleration in year-over-year hiring. Conversely, Ireland, Italy, and Germany have experienced an increase in year-over-year hiring compared to the previous month.

McKinsey on the ‘breakout’ of generative AI
The latest annual McKinsey Global Survey on the current state of AI confirms the explosive growth of generative AI (gen AI) tools. Less than a year after many of these tools debuted, one-third of the survey respondents say their organisations are using gen AI regularly in at least one business function.

CPID Labour Market Outlook 2023
The Labour Market Outlook (1.19 MB) published by CIPD, is a forward-looking indicator of the UK labour market. Many employers have hard-to-fill vacancies, particularly those in the public sector. Others say increases in the mandatory minimum wages have impacted their wage bill to a large extent. Those facing hard-to-fill vacancies are doing everything from upskilling staff, to raising wages, to tackle them. To retain staff, many employers are even making counteroffers.

ILO global analysis of potential effects generative AI on job quantity and quality
Generative Artificial Intelligence (AI) is more likely to augment than destroy jobs by automating some tasks rather than taking over a role entirely, a new study (2.01 MB) from the International Labour Organization (ILO) has found. The study (“Generative AI and Jobs: A global analysis of potential effects on job quantity and quality”) suggests that most jobs and industries are only partly exposed to automation and are more likely to be complemented rather than substituted by the latest wave of Generative AI.

How China’s youth is looking at the job market: a briefing by The Economist
A special briefing by The Economist analyses the way that young professionals in China observe their work future these days. The picture is not bright: youth unemployment seems to be on the rise and there are less career opportunities in high-tech sectors and international companies. The full briefing is not accessible for non-subscribers of The Economist, but for more information you can contact Michael Nieuwesteeg. The article will (also) be referenced at the 8th Mini-conference The future of work and education in packaging on 25 June 2024.

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