120 Million Workers Need To Be Reskilled Due To AI, Says IBM Study

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09-09-19 07:43:00,

Over the next three years, 120 million workers in the world’s 12 biggest economies may need to be retrained as a result of widespread adoption of artificial intelligence (AI) and automation in the workplace, according to a new IBM Institute for Business Value (IBV) study.

Only 41% of CEOs surveyed have the resources in place to close the skills gap brought on by new emerging technologies. That means 59% of the CEOs surveyed have no skills development strategies in place for their employees in the early 2020s.

“Organizations are facing mounting concerns over the widening skills gap and tightened labor markets with the potential to impact their futures as well as worldwide economies,” said Amy Wright, Managing Partner, IBM Talent & Transformation, IBM.

“Yet while executives recognize the severity of the problem, half of those surveyed admit that they do not have any skills development strategies in place to address their largest gaps. And the tactics the study found were most likely to close the skills gap the fastest are the tactics companies are using the least. New strategies are emerging to help companies reskill their people and build the culture of continuous learning required to succeed in the era of AI.”

The IBV study, “The Enterprise Guide to Closing the Skills Gap,” includes input from 5,670 CEOs located in 48 countries, points to challenges that companies will face in the early 2020s with managing their workforce through the technological shift.

IBM said, the “era of AI” will be a transformative period for the global economy as the skill gap through employee training will take time to close. The company’s study indicates new skill requirements for jobs will be required due to the fast pace of AI and automation adoption, while other skills become out-of-date.

The study lays out a guide for businesses to better foster talent and close the skills gap in a timely fashion.

IBM said companies could use AI to determine what skills are already available throughout their business and share that info with employees to drive a culture of “continuous learning.”

Last month, Tesla CEO Elon Musk said AI impact on the workforce could be devastating.

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Workers’ Paradise? Employees In China Crawl Through Streets After Missing Sales Targets

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23-01-19 01:15:00,

Video of employees from a Chinese company specializing in beauty products who were forced by their bosses to crawl a long distance on a busy street went viral last week, sparking global outrage at the appalling display, which further happened to involve a nearly all female staff.

Screenshots of the viral video showing corporal punishment for employees in Shandong province. 

The workers were literally forced to crawl on all fours after reportedly failing to reach their annual sales targets in the busy traffic of Tengzhou — a city in Shandong province in the country’s east. The group was filmed being driven on by a male supervisor bearing a flag with the name of the firm, which reportedly disrupted traffic.

Onlookers called the police, which soon arrived on the scene and warned the boss it must cease the punishment, as China has laws forbidding corporal punishment or acts of intentional public humiliation for workers; however, in recent years there’s been an observable trend that companies are increasing such bizarre tactics, which has involved everything from whipping to forced worm eating to caning. 

A company in China forced its employees to crawl on the street as a punishment… because they couldn’t meet year-end targets. pic.twitter.com/Pjo8SMEDrC

— DW News (@dwnews) January 17, 2019

Examples chronicled by the Daily Mail include the following:

Last month, workers at a Chinese hair salon were forced to slap themselves in the face 100 times, eat raw chillies and run 10km because their work performance hadn’t reached their boss’s expectation.

In November, employees at a home improvement firm in Zunyi, Guizhou province, were whipped with belts, forced to drink urine and eat insects after failing to reach their targets.

But few such shocking acts have been filmed (with some notable exceptions), which has led some skeptics online to suggest this week’s forced crawling spectacle could have been a PR stunt. But if so it appears to have backfired as the company has reportedly been temporarily shut down. 

One of the women forced to crawl the long distance confirmed to police it was a “self-discipline measure” for missing end-of-year targets,

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