Diwali Greetings 2024

 

Rethinking the Labor Market in the Wake of AI

Pic credit - pexels-tara-winstead-8849295

An excellent article on what happens to the #workforce when #ai is introduced in organizations.

From the article: "AI requires humans in the loop, so using workers with deep industry experience to a new purpose that complements AI would be the right thing to do, as opposed to getting rid of them and then later figuring out that while the tasks they used to do are obsolete, the #knowledge they have is very valuable and should have been deployed elsewhere."

Read the rest of the article here

The Reality of Carrot and Stick motivation

Both are temporary.

The carrot makes the employees adopt a kind of mercenary mindset. Nothing wrong except that it is too short termed for any sustained impact.

The stick makes the employees fearful, and kind of wreck the culture where you have more lip service than engaged and passionate effort.

The interesting part is that the employees first would feel the lack of energy to move, before any manager or leader.  The manager or leader sooner or later gets the feeling that things aren't moving as fast (a slightly vague term that doesn't always account for the environment factors) as they should, and so proposes more incentives.  

I recall a leader in one organization wanting to put sales people on PIP if they were at 70% of their monthly target. You can guess what those employees got motivated to do.

Surely the revenue an organization earns can be utilized in more effective areas than carrots and sticks?

Your thoughts on this?  What do you think are the best ways to improve performance?