BigWig Latest Insights

Human Resources 09 Jan 2024

AI and the Workforce in 2024: The Good, The Bad, The Unknown.

user-img David Ozi Borg
Human and Robot Working Together

As we step into the new year, we thought it would be a great time to reflect on the impactful trends that shaped the professional landscape in 2023. No one is a stranger these days to the dynamic world of Artificial Intelligence (AI). So we’ve explored the challenges and opportunities we believe it presents. 

AI in the Workforce: The Harmonic Convergence of Panic and Potential
No longer a mere technological advancement, AI signifies a paradigmatic shift in the very fabric of our professional existence. It has become evident that competence in AI holds the key to unlocking unprecedented career trajectories. BigWig HeadHunters observed a big surge in demand for individuals who not only embraced the AI tide of change, but skillfully surfed its waves, emerging as trailblazers in the vast landscape of AI innovation.
The ability to work with and identify opportunities using AI has turned from a commendable skill to an almost non-negotiable quality. As the curtains descended on the traditional office setting, the digital stage emerged as a global platform for professional collaboration. AI acted as the ethereal bridge connecting talents across geographical boundaries. BigWig HeadHunters noticed a surge in remote or hybrid opportunities, transforming the virtual office into a vibrant melting pot of diverse talents.
Undoubtedly, the rise of AI cast a profound ripple effect, shaping the very contours of the workforce landscape. Automation, once perceived as a threat to job loss, has changed into a catalyst for job redesign. AI became the driving force behind the evolution of roles, with routine tasks automated, allowing professionals to ascend the value chain by focusing on creativity, strategic thinking and complex problem-solving. The workforce has adapted and evolved. Companies that embraced AI witnessed heightened productivity and efficiency, creating a symbiotic relationship between technology and human capital. This shift necessitated a recalibration of skill sets. Professionals with AI acumen found themselves at the forefront, commanding a premium in the talent marketplace.
The influence of artificial intelligence stands to make an even bigger impact this year in areas including hiring bias, inclusivity, regulation and more. As much as 2023 marked a turning point for artificial intelligence, AI is poised to make an even bigger impact in 2024. Yet this time, workers are ready.
Now that generative AI has been on employees' radars for more than a year, they're not only better positioned to understand its place in the contemporary work landscape, but also equipped to embrace the changes and possibility that comes with it. It's time to put that advantage to use. To get ahead, workers should know what's coming in the AI space, including these five trends that are poised to impact the year.

AI will encourage widespread inclusivity

Artificial intelligence is likely to become a powerful tool for workers with disabilities – and those advances could drive change for all people. Many machine-learning tools developed to benefit disabled workers could become increasingly available, fostering a sense of independence and inclusion. Mainstream adoption of tools meant to assist disabled people can also benefit everyone, providing access to a wider and more diverse range of information.
AI will make hiring – and layoff – processes more equitable

Human-resource professionals are already prepared to use artificial intelligence in the hiring process to create a more equitable landscape. Efforts to reduce algorithmic bias on electronic hiring platforms are underway, addressing screening tools and the professionals who use them. Companies are using AI to retain talent, experimenting with reallocation of budgets and in-demand positions to stave off layoffs, particularly benefiting marginalised groups.
Workplaces will use AI to center diversity in hiring and training

The development of AI may push regulators to increasingly focus on funding worker inclusion practices in the public and private sectors. Regulatory initiatives prioritize overcoming workplace discrimination in an increasingly AI-assisted world, ensuring HR data and processes meet established standards for workers' rights.  Investment in inclusive technology stands to help employers create personalised educational programs tailored to a wide set of employee experiences, impacting the design of hiring platforms to promote inclusivity.
Employees want to work with AI and employers will invest in upskilling

While concerns about AI replacing some roles are valid, workers will evolve to co-exist with this emerging technology. Re-training and employer-sponsored learning opportunities will be crucial, with a majority of respondents recognising the need for new skills in an AI-driven workforce. Companies are expected to rise to the occasion, offering better resources for upskilling through various programs, driving employee success and gaining a business edge.
AI regulation will continue to struggle to keep pace with the technology

The implementation of AI advancements won't necessarily be smooth sailing, requiring global collaboration to define boundaries and protect human workforce rights. The rapid advances in AI technology may outpace efforts to create a flexible framework for its use, raising concerns about job protections, privacy and industry shifts.
Of course there is a flip side to AI entering the workforce as well...

While AI has undeniably ushered in a new era of efficiency and innovation, its disruptive nature prompts us to consider the darker hues that may linger in its wake.

Job Disruption and Automation Anxiety

One of the foremost concerns revolves around the displacement of certain job roles due to the relentless march of automation. Tasks that were once entrusted to human hands are now seamlessly executed by AI-driven systems, raising apprehensions about the future employability of certain professions.

Unequal Impact Across Industries
The transformative effects of AI are not uniformly distributed across industries. While some sectors experience job growth and innovation, others face the ominous prospect of contraction and workforce reduction. Bridging the gap between industries becomes a pressing need to ensure a balanced and inclusive evolution.

Preserving the Human Element

While AI augments efficiency, preserving the human touch in professional interactions is paramount. Especially in recruiting and head hunting. Roles that require empathy, emotional intelligence and nuanced decision-making should not be eclipsed by automation. Striking a harmonious balance ensures that human qualities complement AI-driven advancements.

As we tread the transformative path paved by AI, acknowledging both its promises and challenges is vital. Let’s see what happens next...

Of one thing we can be certain, in an industry like HR, recruitment, talent acquisition and especially head hunting the value of human empathy, insight and expertise can't be underestimated. People connect, observe, interact and liaise with people. And it's that expertise that brings companies the talent they need to suceed. Not everything can be read off a programme. Sometimes it takes a truly unique, human skill to connect the dots.

David Ozi Borg

Co-Founder & COO BigWig Headhunters

» Connect with me on Linkedln

You may also like...
Cost of Living Allowance
Human Resources 02 Nov 2023
Malta's New COLA (Cost of Living Allowance) in ...

As a picturesque Mediterranean island nation Malta has always been known for its stunning landscapes, rich history and a generally high quality of ...

Human Resources 12 Dec 2023
Five Work Trends We Saw in 2020 to 2023

As we reflect back to 2020, we can see how the current integration into a post-pandemic workplace has permanently altered.. Ranging from increased ...

Human Resources 30 Nov 2023
How to Prepare for a Candidate Interview as a ...

Unsurprisingly, when an interview is unsuccessful, it is usually the candidate that is presumed to have not given the desired answers or presented ...

Cropped view of a recruiter and employee shaking hands in an office setting
Recruitment 28 Nov 2023
Interview help! The 3 Stages of a Successful Job ...

Congratulations! You’ve applied for the job; you’ve been labelled as an interesting candidate and now you’ve been asked to come to ...


BigWigs at your service

A role to fill, a position to create or an ambition to realise for your company? Let us know how we can help!