Most Irish Workers Are Worried About AI Impact on Salary
A recent survey by renowned recruitment agency FRS Recruitment revealed some notable concerns and trends in the Irish job market.
The survey of 4,347 people in April 2023 provides valuable insight into the views of both employees and employers on topics such as the AI Impact on salary expectations, telecommuting, the rising cost of living, and housing shortages.
This article examines key findings from the study and highlights growing fears about AI Impact, wage issues, changing work dynamics, and the impact of the housing crisis.
The Impact of artificial intelligence on Jobs
FRS Recruitment Employment Insights research shows that a significant proportion of Irish workers and employers are concerned about the potential AI Impact on their work. Four out of ten employers and one out of four employees believe that AI will affect or replace their position in the future.
The arts, entertainment, and leisure sector caused the most concern, with 53 percent of respondents expressing concern. Other prominent sectors are charity and non-profit (43%), banking and financial services (38%), telecommunications and insurance (33%), and agriculture (33%).
Regionally, the survey highlights that Monaghan and Leitrim are most concerned at 43 percent, followed by Sligo at 37 percent. In contrast, in major urban centers such as Dublin, Cork, Galway, and Limerick, there is less concern, with only 19%, 27%, 23%, and 22% of respondents believing that AI will affect their work.
Wage Expectations and occupational mobility
The study emphasizes the important role of wage expectations in occupational mobility. About 60 percent of employees confirm that they are ready to change jobs for a salary increase of up to 25 percent. In addition, every fifth employee is ready to change jobs for just a 10 percent AI Impact salary increase. These results show that salary is still a decisive factor driving job transitions.
In addition, a significant majority of employees (73%) expect an AI Impact salary increase in the next 12 months. Additionally, 43% of respondents feel they are currently underpaid for their role because they feel their salary does not adequately reflect their position.
More than half of employees (54%) believe that changing employers will increase their chances of getting the salary they want and advancing in their careers. Additionally, AI Impact 44% of employees describe themselves as “working but looking for new career opportunities.”
Wage impact on departure
AI Impact High wage expectations and perceived underpayment of workers have increased the exit from the labor market, say two out of three employers who have announced layoffs this year. In addition, 42 percent of employers believe that salary concerns are the main reason for this departure.
A perspective on recruiting employers and job applications
Despite the challenges associated with laying off workers, the study shows a positive development in recruitment. Three out of four employers report that they are currently hiring or plan to hire in the next three months. In addition, four out of ten employers report that the number of job applications they received increased this year. These findings suggest that the Irish labor market has ongoing recruitment opportunities and a dynamic workforce.
Cost of life and its consequences
The rise in the cost of living is having a major impact on the recruitment market, with 64% of employers reporting that inflation has affected their recruitment prospects. About 56% of employees are more likely to apply for a new job due to increased costs. In response to these rising costs, 30% of workers admit they are trying to spend more time in the office to reduce their home heating and electricity costs, while 27% are trying to work from home more often to minimize travel costs.
The dynamics of telecommuting
The survey also explores the topic of remote work, and 90% of employees believe they are either more productive or just as productive when they work from home. This view is shared by three out of four employers who admit that employees are either more productive when working remotely or have a neutral view of productivity. Surprisingly, despite these positive results, four employers encouraged their employees to spend more time in the office over the past year.
Effect of the housing shortage
Ireland’s housing shortage has a significant impact on the Irish labor market. Almost four in ten workers (38%) say that a lack of housing makes them more likely to look for a new job.
FR’s recruitment surveys provide valuable information on various concerns and trends in the Irish labor market. Growing concerns about the effects of AI Impact on jobs, salary expectations, the dynamics of remote work, the rising cost of living, and the impact of the housing shortage highlight the evolving landscape of the workforce. As workers demand higher wages and show a willingness to change jobs, employers face challenges retaining talent and attracting new talent.
However, there are positives, such as vibrant recruitment prospects and opportunities for both job seekers and employers in a dynamic market. retaining and attracting new talent. However, the positive aspects are good recruitment prospects and opportunities for both job seekers and employers in a dynamic market.
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