Workforce Consultants Tackle Future Phobia

There is a great deal of fear-mongering in the mainstream media about how technology, and artificial intelligence, in particular, is poised to disintermediate…

Liz DeVito | September 08, 2018

There is a great deal of fear-mongering in the mainstream media about how technology, and artificial intelligence, in particular, is poised to disintermediate humans in the world of work. The sentiment is shaping an international discourse of anxiety fueled by forecasts that automation will lead to an economic dismantling resulting in joblessness and wage erosion. It is also infecting politics, as can be seen in one person's bid for the White House in 2020. Andrew Yang, the New York-based businessman and tech entrepreneur is hoping his campaign slogan—The robots are coming!—will mobilize voters to support his platform calling for universal basic income. 

While we like to think that business is ruled by calmer heads, there is enough research to prove that the future of work is a leading cause of sleepless nights. The impact of automation on how and where works gets done, as well as who will do it and what skills are needed are all top of mind. Talent attraction and retention, leadership development, and cultural transformation are now perceived by CEOs as key to successfully adapting their organization to a digital business paradigm. 

While the sense of urgency is new, talent has been the elephant in the C-suite for a long time, historically side-stepped in the face of more pressing concerns. McKinsey's 1997 paper on the war for talent was a momentary wake-up call for CEOs to take a longer-term view. At the time, however, it did little more than position talent as a tactical matter of labor supply and demand brought on by a workforce of aging baby boomers inching towards retirement. 

Newsletters

Get free newsletters from Consulting Magazine.

Next Event

June 27, 2024 | NEW YORK

Consulting Top Consultants 2024 See event details

You Might Like

Balancing Growth Objectives with Operational Efficiency: Unleashing Partner Productivity

Balancing Growth Objectives with Operational Efficiency: Unleashing Partner Productivity

Join us to explore how firms are striking a balance between strategic growth and operational efficiency. We'll examine innovative strategies that elevate the performance of professionals dedicated to generating billable work, from harnessing the right technology to investing in the right support partners.

Terms of UsePrivacy Policy

Copyright © 2024 ALM Global, LLC. All Rights Reserved.