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New York’s Workforce Revolution: Generative AI to Propel Job Growth and Innovation

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New York is positioned to undergo a complete transformation in its labor market, with generative AI (gen AI) technology leading the way. A recent analysis published by Mckinsey & Company predicts that by 2030, the state could see as many as 1.1 for successfully navigating the future of work.

Policies 264
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How To Hire And Manage Freelancers, According To Experts

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You can’t get the best out of freelancers until you’ve honed your management processes. And the key to good management — freelance or otherwise — is communication. Clear communication up front, and continuing conversation through regular check-ins and transparent project management helps streamline workflows and prevent confusion.

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AI Probably Won’t Take Your Job In 2024

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Gartner, a management consulting company known for its research into workforce trends, estimates that by 2028 50% of employees will have a “robo-assistant.” Analysts at Gartner, a management consulting company known for its research into workforce trends, share this positive outlook. How might we use AI at work?

2024 290
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U.S. Experiences Fastest Decrease in Worker Productivity Since WWII

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What’s going on: EY-Parthenon – a management consulting firm – analyzed Bureau of Labor Statistics data and uncovered that employee productivity dropped in the first quarter of 2023. The data analysis suggests a modest (0.2%) uptick in employee output from the previous quarter, accompanied by a substantial 3% surge in hours worked.

2023 279
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Is ChatGPT Ethical? A Look into the Moral Gray Area of AI in Media

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For example, I was writing a policy and procedure manager for a business client, and I asked what his corrective action policy was. He asked an AI, and it suggested that management conduct a “root cause analysis to determine the underlying factors that contributed to the problem.

Policies 246
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Rapid Adoption of GenAI Within the Workforce Creates Greater Needs for Regulation

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has grabbed the attention of world leaders and policy makers around the world — due to how the technology is expected to rapidly transform major industries and fundamentally alter job roles in the coming years. The technology, which encompasses self-learning algorithms capable of producing new content (i.e. images, reports, emails, etc.),

Policies 130
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What Makes Good Customer Service?

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Whether a manager or sole proprietor, there are practical steps you can take to address these issues. Who needs customer service training? They need training to answer them professionally. Adequate training is critical. But without the training—the tools—to help, interruptions may become more of a frustration.