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While many organizations are investing heavily inartificial intelligence (AI) and automation, these efforts are being hindered by inadequate, specialized skills, making technology adoption a critical risk area.

“Testing is really critical in this area,” he said.

In several areas, including strategic acumen, communication, and financial acumen, the gap exceeded 10%.

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The insights gained “could yield opportunities, pain points and specific areas of focus for employers, ranging from work arrangements and training programs to employee engagement initiatives,” she said, noting that Transamerica research finds “relatively few employers” implementing a diversity and inclusion policy statement that includes age among other commonly referenced demographic characteristics.

The pandemic taught us that organizations need to be agile, and leaders must have the ability to adapt to change regardless of the area of HR it impacts.

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In some locales with high costs of living (especially major metropolitan areas), living wage rates may significantly exceed the minimum wage.

.; Over the long term, Groshen said, this type of total technological revolution will not reduce the number of jobs overall, because while AI will replace some workers, it will also introduce a new scale to the economy that will require more workers in other areas.