The Future Work Forum’s Post

According to findings from Tech.co's recently published Impact of Technology on the Workplace report, business leaders implementing AI the most extensively at their companies tend to be the most open to providing a four-day workweek for their staff. In fact, business leaders who said their company had "extensive" experience using AI were more than twice as likely to be open to a 4-day workweek than those who reported that they’d never have used the technology. While AI is often portrayed as a threat to a huge range of job roles spanning numerous sectors (with good reason), it'll also augment and change existing roles too - and perhaps to such an extent that you might even get a new day off. Spurred on by open-minded decision-makers looking for new ways to improve productivity levels and staff retention simultaneously, there's every chance it might provide the basis for a shift to better working arrangements for employees, at least in the short term. #AI #fourdayworkweek #report

BILL GATES' VISION OF A THREE-DAY WORKWEEK Tech magnate Bill Gates sparked a conversation that reverberated through the professional world - the potential for a three-day workweek, made possible by advances in artificial intelligence (AI). Gates suggested that as AI automated more manual tasks, a significant shift in work-life balance could occur. For professionals, this concept wasn't just about extra downtime; it was an invitation to reimagine the work culture. With AI handling routine tasks, employees could focus on creative and strategic initiatives, potentially boosting innovation and job satisfaction. A shorter workweek could also mean a healthier, more engaged workforce. More personal time translated to opportunities for professional development, community involvement, and pursuing passions that often took a backseat to work. Of course, challenges abounded in recalibrating economic and corporate models to support this change. But the value proposition was clear: a three-day workweek could lead to a more productive, fulfilled, and balanced society. This is a counterpoint to the recently expressed view that spoke of a 70 hour workweek. What are your views on this vision of a three-day workweek in the age of AI? #FutureOfWork #BillGates #Workplace #AI #WorkLifeBalance #BCPA #BCPAInsights https://lnkd.in/d9suN8YJ

The four day working week could become inevitable, due to AI’s assistance with increasing efficiency while reducing workload. Following the success of the four-day working week trial in 2022, several UK organisations employed the policy permanently. As a result, more companies are adopting the four-day week. According to a recent Tech.co survey, as reported in BBC Worklife, 29% of organisations with four-day workweeks use AI to support and streamline company operations. AI has certainly cemented itself in the workplace. A new pilot programme in Germany further underscores the integration of AI in the workplace. Na Fu, of Trinity Business School emphasises the importance of upskilling in the age of AI: “Rather than becoming mere caretakers or servants of machines, human workers need to develop new skills that can leverage, complement and lead AI, achieving the enhanced outcomes.” Fu’s comments run true, aligning with the increasing sentiment that this technology-driven and efficient future is inevitable. askporter offers the same improvements for those within real estate. Owners and operators will enjoy a reduced workload, as AI bears the load by automating the day-to-day. The BBC Worklife article can be found in full here ➡️ https://lnkd.in/eQjNwC4A #AI #workflowefficiency #upskilling

It's not every day you get the chance to publicly challenge Bill Gates and Jamie Dimon to put their money where their mouth is in the national media. My colleague John Trougakos and I were interviewed for this latest Jared Lindzon article for The Globe and Mail, to assess the predictions from Gates and Dimon that AI would lead us to a 3.5 day work week. "The fact that Mr. Gates and Mr. Dimon are openly talking about AI potentially enabling reduced work time is significant, but not as significant as actually putting some of those ideas into practice among the staff they employ or the myriad companies they advise and invest in, according to Joe O’Connor, the chief executive officer of Work Time Reduction in Toronto. “Of course, it could happen,” he said. “But whether it does happen or not, people like Bill Gates and Jamie Dimon probably have a bigger say in that than most.” He adds that new advancements in technology will inevitably result in significant productivity gains, but whether those efficiencies benefit workers through #WorkTimeReduction as well as business leaders through greater profits remains an open question." Reducing work time is one of the most tangible ways that we can ensure AI is used to improve quality of life, not just balance sheets. If billionaires like Gates and Dimon are serious about the potential for AI to enable a shorter work week, they should exert their significant power and influence to take action on making this a reality in the near future. This includes taking steps towards reducing work time in the companies they control and invest in, as well as backing shorter work week movements and initiatives more broadly through support and investment. Talk is great. Action is better. #4DayWeek #aiforgood #futureofwork

Bill Gate or Narayana Murthy? Bill Gates thinks that in the future, technology will improve how we work without replacing our jobs. He believes this could result in a shorter, three-day work week. On the other hand, Narayana Murthy has expressed his opinion that young people are working long hours, up to 70 hours per week. #FutureOfWork #TechnologyInnovation #ThreeDayWorkWeek #BillGatesVision #WorkLifeBalance #NarayanaMurthyOpinion #70hourworkweek https://lnkd.in/gUNADeqZ

A recent report from thinktank Autonomy suggests that AI-driven productivity gains could pave the way for a four-day work week 👀 - wouldn't that be nice! According to the report, within the next decade, a staggering 28% of the British and American workforce could enjoy a four-day work week, while 88% could see their working hours reduced by at least 10% - while maintaining pay and performance. This shift has the potential to not only boost productivity but also enhance overall wellbeing by providing more time for personal pursuits and reducing work-related stress. However, it's crucial to ensure a responsible implementation of AI, prioritise employee wellbeing, and provide opportunities for upskilling and reskilling to successfully navigate the transition to AI-driven environments. In our opinion, these findings align perfectly with the idea that AI in the workplace can drive efficiencies and automations, leading to reduced working hours and improved quality of strategic and creative work. By leveraging AI to automate routine tasks and optimise processes, employees can focus on higher-value activities that require uniquely human skills like creativity, critical thinking, and problem-solving. Plus, shorter working weeks have been found to have positive impacts on worker wellbeing, mental health, and work-life balance. By reducing work-related stress and providing more time for employees to focus on their personal lives, we can enhance overall wellbeing and happiness. Is your company embracing the power of AI? And are you on board? Let us know your thoughts in the comments below. For more information, check out the summary piece below from The Guardian and find the link to the full report in the comments. Let's embrace the potential of AI and create a brighter future together! 🙌 #4dayworkweek #aiforbusiness #aiadvancements #aiadvancements #productivity #worklifebalance #employeewellbeing

How AI could help us move to a four-day work week AI integration into workflows could facilitate a shift to a four-day work week by 2033, according to a study by Autonomy. Projected productivity gains from AI could reduce the working week to 32 hours while maintaining pay, benefiting up to 28% of the UK workforce (8.8 million people). Automation of routine tasks by AI enhances productivity, allowing employees to focus on complex and creative aspects of their jobs. This shift not only improves job satisfaction but may also reduce stress, burnout, and mental health issues. However, challenges include cultural shifts within organizations and potential staff retraining for effective AI collaboration. #AI #FourDayWorkWeek #Automation #Productivity #JobSatisfaction #WorkplaceCulture #EmployeeWellbeing

"Data from London-based news-and-events resource Tech.co collected in late 2023 lends credence to this idea. For their 2024 Impact of Technology on the Workplace, the company surveyed more than 1,000 US business leaders. The researchers found 29% of organisations with four-day workweeks use AI extensively in their firms' operations, implementing generative AI tools such as ChatGPT as well as other programmes to streamline operations. In comparison, only 8% of five-day working week organisations use AI to this extent. And 93% of businesses using AI are open to a four-day work week, whereas for those who don't, fewer than half are open to working shorter weeks."

Times Ahead in the World of Work and Technology! I recently came across an intriguing article about Bill Gates discussing the future of work and technology. The concept of a 3-day work week, as highlighted by Gates, opens up a fascinating dialogue about work-life balance and productivity in the modern era. Moreover, the advancement in technologies that enable machines to produce food is nothing short of revolutionary. It’s a glimpse into a future where efficiency and sustainability can go hand in hand. This makes me ponder: How will these changes shape our professional and personal lives? How can businesses adapt to and leverage these technological advancements for better growth and employee satisfaction? Would love to hear your thoughts and insights on this! #FutureOfWork #TechnologyInnovation #Sustainability #WorkLifeBalance https://lnkd.in/eZEjZQNk

A shorter working week (4 days a week) is the most tangible way of ensuring that AI delivers benefits to workers as well as companies. #workplaceculture #workplacewellbeing #work #futureofwork