AI
AI

Managers Embrace AI to Enhance Productivity, but Employees Fear Job Losses and Wage Cuts Are Imminent

Photo credit: www.techradar.com

Managers acknowledge AI’s productivity benefits, but express concerns over worker anxietyExecutives increasingly recognize the value of human employees, yet AI could still influence salariesDespite diminishing daily use, fears surrounding AI persist

The integration of AI into the workforce has transformed from a mere novelty to a fundamental aspect of many businesses, prompting growing apprehensions among employees, according to recent findings.

A study conducted by Beautiful.ai, surveying 3,000 managers, indicates that while leadership views AI positively, many workers feel uncertain about its potential consequences.

The survey results show that approximately 64% of managers acknowledge that their teams fear AI may diminish their worth, and 58% report that employees are worried these advancements could ultimately jeopardize their jobs.

Human employment appears stable, but not entirely

Amid these anxieties, there is a glimmer of reassurance: managers are increasingly hesitant about fully replacing human workers with AI. Compared to the previous year, there has been a 15% increase in managers who oppose using AI for worker replacement, reaching 54%.

Only 23% believe that substituting workers with AI would be beneficial for their organization, while a significant 63% maintain that the absence of human roles would hinder team effectiveness.

This apprehension around AI extends beyond fears of job loss. Managers report facing challenges like “fear of the unknown” and employee resistance when implementing AI technologies.

Despite the advancements in AI, there is room for concern; 71% of managers believe that AI performs comparably to, or better than, a novice manager. While AI is seen as proficient in handling monotonous tasks, it is still considered deficient in high-stakes decision-making.

In practical applications, managers are primarily leveraging AI to enhance productivity and operational efficiency. For instance, numerous HR software and recruitment platforms have begun incorporating AI functionalities to streamline hiring and enhance internal workflows, without completely sidelining human decision-making.

Nevertheless, compensation remains a contentious issue. Though anxieties regarding AI-induced pay reductions have somewhat lessened, 41% of managers view AI as a potential threat to wages. The push for greater efficiency could lead to a reduction in roles or an expansion of responsibilities for existing employees, potentially resulting in decreased pay. Additionally, tasks assisted by AI might be valued less in the market.

While the prospects for most human roles seem secure for the present, the evolution of work dynamics may intensify as AI becomes more integrated into everyday operations.

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Source
www.techradar.com

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