Using AI Tools At The Workplace Can Save Up To 12 Hours a Week
12
Worldwide professionals predict that using AI tools at the workplace can save up to 12 hours a week in five years, as per the report from Thomson Reuters. The survey of 2,200 professionals from over 50 countries found respondents expect to save up to four hours a week in the next year, eight hours in three years, and 12 hours in five years. Steve Hasker, President and CEO of Thomson Reuters, highlighted that these time savings could significantly impact productivity and economic outcomes.
46%
A new survey revealed that C-Suite executives believe there is a lack of HR support due to the high number of new HR professionals, with nearly half having been in their roles for two years or less. The Paycor HR report states that 46% of HR professionals are new to their roles, leading to a shortage of experienced HR experts. Additionally, 71% of C-Suite executives feel their managers are ineffective, attributing this to insufficient HR support.
76%
The Bureau of Labor Statistics stated that the U.S. accommodations sector added 700 jobs in June, but overall employment in leisure and hospitality showed "little change." Total accommodations sector employment is approximately 1.9 million, still 196,000 jobs below pre-pandemic levels. Despite high wages and benefits, 76% of hotels report staffing shortages, per an AHLA survey.
34%
Even though many companies are trying for pay equity and transparency, 34% still lack a pay equity strategy, as per a June 27 report from Beqom. 50% of compensation decision-makers say that they are unsure whether their compliance is aligned with global standards, and 45% say their approach to pay equity would be a hurdle for talent attraction. Despite challenges, 70% of surveyed companies have analyzed their compensation strategies and shared gender pay gap statistics with the employees, 81% have listed salary ranges in job descriptions and 68% have increased salaries due to inflation.
1,800
Intuit the global financial technology platform has announced to lay off 1,800 employees for AI pursuits. This move will impact 10% of their workforce by the 2025 fiscal year, with plans to rehire in specific fields later. The company announced that 1,050 employees failed to meet expectations, 80 tech roles are being consolidated, and 250 employees are affected by site closures in Edmonton and Boise. Affected US employees will receive a minimum of 16 weeks of pay, with additional support including health insurance and job placement services.