British Standards Institution study across seven countries found quarter of bosses believe entry-level tasks could be automated to reduce costs
Young people entering the workforce are facing a “job-pocalypse”, as business leaders invest in artificial intelligence (AI) rather than new hires, according to a study of global business leaders.
Bosses are prioritising automation through AI to plug skills gaps and allow them to reduce headcount, instead of training up junior members of staff, a report by the British Standards Institution (BSI) found.
Four in 10 (41%) of bosses said AI was allowing them to cut the number of employees in a survey of more than 850 business leaders across seven countries: the UK, US, France, Germany, Australia, China and Japan.
Nearly a third (31%) of those surveyed said their organisation was looking at AI solutions before considering hiring a person, with two-fifths expecting this to be the case within five years.
