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Think again
With fears that artificial intelligence could take away jobs from financial services, Matt Weston looks at how it’s potentially changing hiring for the better
In August, Andy Haldane, chief economist at the Bank of England, hit the headlines warning that the UK would need a skills revolution to avoid “large swathes” of people becoming “technologically unemployed” as artificial intelligence threatens jobs. Haldane said the possible disruption caused by the Fourth Industrial Revolution could be on a “much greater scale” compared to anything felt during the Victorian era. But recruitment specialists Robert Half’s research shows how automation is set to change finance team dynamics and hiring for the better.
The worldwide survey of CFOs predicted that automation would bring teams closer together and improve group dynamics. The research, conducted for the Robert Half Salary Guide, showed that 66% of CFOs expected an increase in team collaboration, while 63% thought team innovation would improve. Communication was also expected to improve according to 57% of finance leaders, followed by enhanced team spirit (45%).