Amid AI and Labor Market Changes, Companies Look to Grow Their Own Skilled Workers — from workshift.org by Colleen Connolly
The explosion of artificial intelligence, combined with slowing growth in the labor force, has many companies reconsidering how they hire and develop workers. Where they once relied on colleges and universities for training, a growing number of companies are now looking in-house.
Investment in developing employees and would-be hires is becoming a key differentiator for companies, according to a new report from the Learning Society, a collaborative effort led out of the Stanford Center on Longevity. And that’s true even as AI adoption grows.
The Big Idea: The report authors interviewed 15 human resources executives from major firms, which ranged in size from Hubbell, an electric and utility product manufacturer with about 17K employees, to Walmart with more than 2M employees. The authors asked about four topics: the impact of AI and technology on work, skill building and talent development, supporting workers over longer working lives, and new partnerships between businesses and higher education.