AI Skills in the Workplace - May 29, 2024

Hello, good people! 👋 It’s National Paperclip Day, but don’t worry: we’ve got far more interesting things to talk about than paperclips. Well, they are one of history’s best inventions. But let’s, instead, dive into the world of HR and discover the latest insights and trends in HRM.

In today’s edition: 

• Employers are paying more for AI skills →

• Starbucks’ actions unlawful, says NLRB judge →

• An exit interview form to extract insights →

SPOTLIGHT

The rising value of AI skills in the workplace

A recent study published in the Oxford Economic Papers journal reveals a significant trend in the job market: employees with AI skills are increasingly commanding higher pay and more interview opportunities, underscoring the premium placed on AI expertise in today’s digital economy. 🤖

The study shows that job applicants with AI skills are not only more likely to receive interview callbacks but also enjoy an average salary increase of 12–13 % compared to their non-AI skilled counterparts. This trend reflects the growing recognition of AI’s transformative impact across industries, driving efficiency, innovation and competitive advantage.

For HR teams and employers, this data presents a clear mandate: investing in employees with AI capabilities is not merely an option — but a strategic necessity. By offering competitive compensation for AI skills, companies can attract top talent, reduce turnover and enhance overall productivity. 💪

AI experts contribute to significant value creation within organizations. They enable data-driven decision-making, automate routine tasks, and innovate new products and services. These contributions directly translate into improved business outcomes and a stronger market position.

Moreover, as companies navigate the complexities of digital transformation, having a workforce proficient in AI ensures agility and resilience. It also fosters a culture of continuous learning and adaptation, essential for long-term success. 🥳

At the end of the day, recognizing and rewarding AI skills within the workforce is crucial. It not only benefits individual employees but also propels companies towards sustainable growth and innovation. HR teams must prioritize competitive pay for AI talent, acknowledging their critical role in driving the future of work.

— Chris Leitch

NEWS THAT MATTERS

🧘 Candidates Prioritize Compensation, Balance, Flexibility

The latest insights from LinkedIn have identified this 'trifecta' of job seekers' concerns, urging employers to listen. [LinkedIn]

🤕 Health, Benefit Costs Identified as Top People Risk

A survey of 4,500+ HR and Risk managers has shown that, around the world, health and benefit costs are seen as the most pressing concern for organizations. [Human Resources Director]

TOGETHER WITH THE RUNDOWN AI

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WEEKLY GIFT

Make the most of your exit interviews

Our Exit Interview Form can help you gather insightful data and make the offboarding process more structured and effective. The more you understand the views of departing employees, the more you can improve your employee experience for current team members!

Another masterful HR gift coming your way next week :)

FEATURED RESOURCES

⚙️ A Guide on Training Your Employees

🏅 20 Qualities of a Good Employee

🔑 How to Build a Remote Workplace Culture

Before you go: make sure to share this HR wisdom with other pros! Simply click your forward button, or share our web version.

Created with care by Chris Leitch, Joanna Zambas, and Electra Michaelidou.