Chapnick,
This same research shows that few Canadian employers are prepared for talent challenges from expected surges in work automation. The survey also revealed that few companies and HR functions are prepared to address these changes and challenges. In fact, the data shows that automation is still seen as simply a way to reduce costs (45%) rather than to augment human productivity (36%) or to increase organizational performance.
MOVING FORWARD
Given alarmist headlines about workplace automation, it’s easy to feel uncertain about the impact of new technologies on work. Yes, work will change and jobs will be restructured as automation plays a larger role in our organizations, but there’s much HR leaders can do now to influence how their organizations react. Here are a few places to start:
1. Identify a job or a group of jobs that could benefit from automation. Are there tasks within those jobs that could be augmented or substituted by technology to improve productivity or T-BILL FXTN RTB AC AEV ALI AP DD EDC FDC FLI FMIC GLO GTCAP JGS MER NLEX PCOR RLC SM SMB SMC SMCGP SMPH TEL MBT PNB PSB SECB UBP UCPB
TOTAL PHP VOL. 3,017.74 4,058.06 TOTAL USD VOL.
T-BILL FXTN RTB ABS AC AEV ALI AP DD FLI GTCAP HOUSE JGS MEG MER NLEX PCOR RLC SM SMB SMC SMCGP SMPH TEL BPI EW PNB PSB SECB UBP
1-Oct
1,436.95 328.50 1,012.87 31.00 136.82 51.50 0.00 0.50 2.00 0.00 0.20 0.00 0.00 0.32 1.50 0.05 0.00 0.00 3.00 1.00 0.00 5.50 0.30 3.74 0.00 0.00 0.00 2.00 0.00 0.00 0.00
0.04
0.04 TOTAL PHP VOLUME TOTAL USD VOLUME 2-Oct
1,926.27 1,196.11 868.68 4.70 2.00 8.10 0.00 0.00 0.00 0.00 3.00 0.50 6.30 0.00 6.00 0.05 0.00 2.00 1.00 6.35 19.00 0.00 2.00 6.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.20
0.20
1,116.96 2,819.39 1,437.63 0.00 0.00 10.90 21.10 0.10 3.00 20.10 5.00 0.00 0.00 0.00 8.50 0.00 0.00 0.00 0.10 0.00 16.50 9.00 23.66 10.01 0.00 0.00 11.00 0.00 0.00 0.00
5,512.95
0.00
0.00
help your people be more effective within those roles? What new tasks will be created?
2. Pick a spot within HR, Finance or the business operations and assess where machine learning could be applied more broadly. This could be within a shared services group, functional business partners, customer service organizations, talent acquisition, etc.
3. Spur conversations with your colleagues in the operations and IT functions to understand how your business model is changing as a result of technology. Proactively address the role HR can play in reinventing jobs and engaging the workforce around change.
To keep up with an everchanging workplace, HR needs to understand the technologies available and choose those that bring the most value to the organization. Fully understanding the potential impact of AI and machine learning on work force operations will help organizations meet the challenges and capture the opportunities in the new world of work.
3-Oct
1,956.69 1,302.25 725.51 0.00 21.00 55.50 0.00 0.00 0.00 1.20 0.20 0.00 0.00 3.00 0.00 0.00 0.00 2.71 0.00 1.50 0.50 8.44 1.70 7.62 2.80 5.00 0.00 0.00 0.00 0.00 0.00
4,095.62
0.00
0.00 4-Oct
1,453.12 2,277.51 753.57 7.22 1.00 25.00 0.00 0.00 0.00 0.00 10.20 0.00 0.00 0.00 0.00 0.00 1.50 0.10 0.00 32.00 9.28 0.00 3.71 1.00 2.00 0.00 0.30 0.00 0.00 0.00 0.00
4,577.50
0.25
0.25 5-Oct
1,116.96 2,819.39 1,437.63 0.00 10.90 21.10 0.10 3.00 0.00 0.00 20.10 0.00 0.00 5.00 0.00 8.50 0.00 0.00 0.00 0.10 0.00 16.50 9.00 23.66 10.01 0.00 11.00 0.00 0.00 0.00 0.00
5,512.95 4,252.37 21,261.87
0.00
0.00 Average
1,578.00 1,584.75 959.65 14.31 34.34 32.24 0.10 1.75 2.00 1.20 6.74 0.50 6.30 2.77 3.75 2.87 1.50 1.60 2.00 8.19 9.59 10.15 3.34 8.40 4.94 5.00 5.65 2.00 0.00 0.00 0.00
0.16
0.16 Total for the Week
Month Ago 7,889.99 7,923.75 4,798.25 42.92 171.72 161.20 0.10 3.50 2.00 1.20 33.70 0.50 6.30 8.32 7.50 8.60 1.50 4.81 4.00 40.95 28.78 30.44 16.71 42.02 14.81 5.00 11.30 2.00 0.00 0.00 0.00
0.49
0.49
+/-