Artificial Intelligence: A key strategy to address labor shortages

Ceridian released the results of its annual executive survey, focusing specifically on the ability to mobilize an unlimited workforce

According to the survey results, a majority of leaders (85% nationally, 90% (ANZ) are confident that their organization will achieve its goals by 2023, and 75% (national) and 87% (ANZ) of leaders expect strong revenue growth in the future. Additionally, the survey showed that 80% of respondents believe their employees have the skills needed to achieve organizational performance goals over the next two years

At the same time, survey results revealed workforce challenges such as employee attraction, engagement and retention Rates and compliance complexities pose risks to the organization's ability to achieve next year's goals, conflicting with the outlook for positive operating performance

Susan Tohyama, the CHRO of Ceridian, stated that senior leaders believe in achieving their goals by understanding the need for powerful technology and tough decisions to meet demands and unlock the potential of today's limitless workforce, which is mobile, always connected, and borderless. efforts, but there are still many opportunities. Our latest executive survey calls on business leaders to invest in people strategies and systems today to prepare for future growth and adaptability

The survey covers more than 2,000 people in seven countries who hold director-level or Business leaders in higher-level positions who work in companies with at least 1,000 employees

Research shows that while global leaders have begun to adopt modern technologies and reimagine talent strategies to improve people operations and free up efficiency, the research shows that in Further work is still needed in many key areas

81% (84% in Australia and New Zealand) of respondents said their organization uses artificial intelligence (AI) to replace repetitive tasks, with three-quarters of respondents saying this has increased productivity and efficiency. But less than half of leaders surveyed said their organizations are leveraging technology to optimize the use of skills across the enterprise.

80% (81% ANZ) of surveyed organizations currently employ temporary staff, with the majority (65% globally, 73% ANZ) said they will increase their reliance on these employees over the next two years. However, 70% (71% ANZ) said they experienced some or strong challenges integrating them into the workforce, with nearly half (44% global, 37% ANZ) saying they were looking for people with specific skills There are problems with temporary workers.

74% (81% of ANZ) of leaders surveyed expect internal mobility to increase within their organizations over the next two years. Respondents cited engagement and retention (55%) (50% ANZ) as the biggest barriers to achieving organizational priorities and objectives, followed by workforce and skills shortages (50% global, 41% ANZ), Taking advantage of internal mobility opportunities will help provide employees with the flexible careers they want while improving organizational performance and productivity.

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