Wednesday, October 9, 2024
Who's using it and why.
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AI at Work Remains Limited | | | The Finding One in 10 employees use AI at least weekly, while seven in 10 never use AI at work. Why It Matters Since the release of OpenAI's first ChatGPT model in 2022, corporate investment in AI increased dramatically. Ninety-three percent of Fortune 500 CHROs say their organization is using AI technology and tools to improve business practices. At the same time, employee use of AI at work remains limited. The majority of U.S. employees say they never use AI at work. And the workforce frequency of AI use remained unchanged from 2023 to 2024. Bottom line: Employee adoption of AI is critical for seeing a return on investment — and that will require leadership. The Full Story: AI in the Workplace: Answering 3 Big Questions | | | The Relationship Between Recognition and Retention | | Turnover is expensive. Gallup estimates that replacing leaders and managers costs around 200% of their salary, 80% for technical roles, and 40% for frontline workers. However, a new longitudinal study by Gallup and Workhuman finds that recognition may significantly reduce turnover costs by boosting retention. When employees are well-recognized, they are 45% less likely to have turned over after two years. Explore: Employee Retention Depends on Getting Recognition Right | | | The Importance of AI Readiness | | Artificial intelligence has the potential to radically improve productivity and increase organizational efficiency. But AI also requires a workforce that is prepared and comfortable with AI experimentation. Thirty-three percent of U.S. workers say their organization has begun integrating new AI technology or tools to improve business practices. | | | | But only 15% of U.S. workers strongly agree their organization has communicated a clear plan or strategy for AI. | | | | | | Winning the AI race means accelerating adoption by leading the people side of technology advancement, not just the processes. | | | | Was this email forwarded to you? Never miss another newsletter — subscribe today. | | |
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