Have you heard about the technology taking over human resources? Yes, it’s true, and
generative AI is taking the lead on the work front, which might haunt many job seekers.
While it’s an incredible technological breakthrough, the fear of job replacement is
inseparable.
AI is making jobs easier and minimizing workloads with automation in various sectors. A
report published in 2023 by McKinsey stated that AI may automate almost 60%-70% of
workloads, resulting in a massive cut of employees.
Over 4,000 employment cuts were observed in May 2023, as per Challenger, Gray &
Christmas Inc. data. The ChatGPT company, OpenAI, also claimed that almost 80% of the
total US workforce might be affected by 10% of job cuts through large language models
(LLMs).
Ways in Which AI Will Replace Jobs
Generative AI can occupy almost 79% of the working women’s positions by infusing
automation into it and nearly 58% of the working men. This figure was stated in the study by
Frank Hawkins Kenan Institute of Private Enterprise.
AI can efficiently impact and replace the jobs in repetitive or tedious work with main tasks
like coding, writing or music. Apart from complete replacement, AI is also a part of human-
machine cooperation, thus simplifying and automating a certain amount of tasks. The positive
and negative impact of this technology might be tricky to evaluate.
Another way AI can damage organic jobs is through repetition. AI Chatbots are over-
delivering low-quality content and filling the web. Editors have to present an abundance of
additional content for the required push, lowering the standard of the information sources that
top the list of requirements for a unique draft!
Most Affected Jobs with the Evolution of AI
Apart from the general examples of job replacement discussed above, there are many jobs
that AI might interfere with shortly.
- Administrative
Generative AI tools automate the tasks of administrators and office staff with email
correspondence, figuring out data trends, picking meeting times in distinct time zones, and
performing other synthesis exercises. - Coding
Coders are at risk as programs like ChatGPT are flawless and syntactically intervene in code
correction faster than humans. Those producing low-quality and high-volume codes are easily
replaceable with AI. Quality coders do not have to worry, as AI can aid in improvising their
workflow. - Customer Services
The Customer support service ventures a massive list of automation potential with the
influence of AI-powered chatbots. They efficiently craft fast and customized responses for
the users, which minimizes the need for human resources. AI influences this realm of jobs
with robotic process automation, customer self-service modules, chatbots and sentiment
analysis. AI also reduces the workload by responding to customer inquiries in certain areas.
- Legal
Artificial Intelligence might also impact the legal jobs managed by the legal assistants or the
paralegals. A recent study from New York University, the University of Pennsylvania and
Princeton University mentions how AI is capable of performing 44% of the legal assistant’s
tasks in Europe and the US. AI can manage functions like contract analysis, document
reviews, legal research and abstracts for relevant law cases. - Teachers
Teachers and the education system are highly affected by AI technology. The main concern
here is that figuring out whether students are cheating and plagiarizing in assignments is
getting trickier. This leverages weak students as they can find tricks to escape challenging
tasks.
When rightly used, AI can be productive in drafting class plans and curating mock tests and
general quizzes. This technology is slowly wavering off the in-person classroom experience
with videos and online education patterns. - Finance
The next set of jobs that AI might target is banking and Finance. Generative AI can monitor
transactions and share financial details for money management. Artificial Intelligence is
highly important to users as it’s deeply integrated into fintech, banking, and finance sectors,
thus automating tasks and reducing the workforce here. - Graphic designers
The recent feature added with generative AI to Adobe Photoshop proves how fast the graphic
design world is transforming. It is an advanced feature that allows anyone to make instant
photorealistic edits with the help of text prompts. Tools such as Midjourney and Dall-E also
give instant results with the text prompt. It is a severe concern for the upcoming generation! - Engineering
AI fuels the automated and machine-based designing process with possible computation for a
model. It considers all added parameters, thus giving a perfect design format, which is
something you might not have seen before. Generative AI design is transforming the facet of
mechanical engineering and might soon replace human engineers. - Human Resources
HR departments are in a dilemma of job losses as even interns can handle complex HR
processes with task automation. AI infiltrates the HR processes with its powerful recruiting
tools that single-handedly pick qualified candidates, scan resumes, compare top profiles and
manage all the recruiter tasks.
The AI system also helps in-house employees understand their benefits and complete self-
service tasks, thus shedding off work from the HR team.
Is AI a Threat or a Boon?
Considering the ill effects of deep AI intervention, AI legislation has been set up to limit its
access in all fields. Many states like Texas and California have also passed laws on consumer
protection from AI.
Top tech giants like OpenAI, Google, and Microsoft are working on AI safety research to sort
out societal challenges and consider third-party testing before releasing new tools.
They are to retain transparency in labeling auto-generated content to adhere to AI regulations
and effectively protect workers’ security, copyright issues, and national security concerns!