LSEAAL Future of Work Podcast Series
Investing in the Workforce of Tomorrow - HR investment trends in AI and automation with Devyani Vashapayam (HR Tech Partnership)
In this podcast Devyani talks to us about the impact of COVID 19 on underlying trends in the HR space, working life and wider economy, the challenges and opportunities this presents for managers and employees, what future holds in this regard and her thoughts on key services gaps and opportunities in the market. We hope you enjoy the podcast.
1:12- Devyani introduces herself and HRTech Partnership, which connects corporates to AI based people tech startups.
2:45 - Coronavirus: Is this remote working mindset here to stay?
5:00 - The biggest management challenges with Covid:
8:18 Some technologies that will rise post-covid
11:15 “Technology is already there, it’s usage and commerciality is going to increase in pretty exponential fashion now”
12:20 The longer term impact on jobs: Some reports on Automation say that in 10 years, up to 50% of jobs could be impacted (not accounting for Covid) .
14:05 - Sector specific example - Recruitment
15:00 Middlemen in the recruitment agencies (research firms, agencies) may be hit by cost cutting
16:11 80% of workers were full time 10 years ago. Today this is 50-60%. Some futurists predicted that in 5 to 10 years it could come down to 30%.
19:40 Important skills for the future of work include Digital, Human, Creativity, and Physical. Also, AI will create new jobs than are destroyed.
20:02 Before Covid, Capita report: Algorithms and AI would create 133m jobs, but displace 75ml jobs resulting in a net gain requiring a different skill set.
25:05 Performance Management as a gap in the market
27:10 Don’t trap yourself by working with historic data! E.g. Performance review once a year.
28:30 Enabling difficult conversations with employees as a another gap in the market.
28:51 Helping managers empathise with users will be an underserved market need in a big data future
30:33 PWC study says the Transportation, Warehouse, Physical lifting, Manufacturing and routine admin sectors will be impacted in 10 years
31:28 Some countries will be more impacted by others, due to the proportion of job types. The UK is in the middle with a good proportion of service industries.
32:58 Countries might reinstate a social security safety net and increase worker protection again
34:25 What is the workforce of the future and working life going to look like in the post covid economy?
34:25 Post-Covid, I would expect smaller organisations, a bigger shift to digital skills, employee flexibility, more innovative organisations.
35:30 Which technology to invest in?
DISCLAIMER: This podcast is created by the London School of Economics Alumni Ass
LSEAAL Future of Work Podcast Series
Investing in the Workforce of Tomorrow - HR investment trends in AI and automation with Devyani Vashapayam (HR Tech Partnership)
In this podcast Devyani talks to us about the impact of COVID 19 on underlying trends in the HR space, working life and wider economy, the challenges and opportunities this presents for managers and employees, what future holds in this regard and her thoughts on key services gaps and opportunities in the market. We hope you enjoy the podcast.
1:12- Devyani introduces herself and HRTech Partnership, which connects corporates to AI based people tech startups.
2:45 - Coronavirus: Is this remote working mindset here to stay?
5:00 - The biggest management challenges with Covid:
8:18 Some technologies that will rise post-covid
11:15 “Technology is already there, it’s usage and commerciality is going to increase in pretty exponential fashion now”
12:20 The longer term impact on jobs: Some reports on Automation say that in 10 years, up to 50% of jobs could be impacted (not accounting for Covid) .
14:05 - Sector specific example - Recruitment
15:00 Middlemen in the recruitment agencies (research firms, agencies) may be hit by cost cutting
16:11 80% of workers were full time 10 years ago. Today this is 50-60%. Some futurists predicted that in 5 to 10 years it could come down to 30%.
19:40 Important skills for the future of work include Digital, Human, Creativity, and Physical. Also, AI will create new jobs than are destroyed.
20:02 Before Covid, Capita report: Algorithms and AI would create 133m jobs, but displace 75ml jobs resulting in a net gain requiring a different skill set.
25:05 Performance Management as a gap in the market
27:10 Don’t trap yourself by working with historic data! E.g. Performance review once a year.
28:30 Enabling difficult conversations with employees as a another gap in the market.
28:51 Helping managers empathise with users will be an underserved market need in a big data future
30:33 PWC study says the Transportation, Warehouse, Physical lifting, Manufacturing and routine admin sectors will be impacted in 10 years
31:28 Some countries will be more impacted by others, due to the proportion of job types. The UK is in the middle with a good proportion of service industries.
32:58 Countries might reinstate a social security safety net and increase worker protection again
34:25 What is the workforce of the future and working life going to look like in the post covid economy?
34:25 Post-Covid, I would expect smaller organisations, a bigger shift to digital skills, employee flexibility, more innovative organisations.
35:30 Which technology to invest in?
DISCLAIMER: This podcast is created by the London School of Economics Alumni Ass