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HR Leaders Taking Short-Term Actions to Address Economic Downturn While Anticipating AI Future

Only 34% expect employee retention to increase over the next six months, down from 45% in the first quarter.

By Alan Goforth | May 08, 2023 at 12:00 PM
Credit: Zoran Pucarevic/Shutterstock.com

Although society is debating the pros and cons of artificial intelligence, at least one group is ready to put it to work – HR professionals. Nearly two-thirds of chief human resource officers expect AI to have a positive impact on the HR function over the next two years, according to The Conference Board’s CHRO Confidence Index for the second quarter of 2023.

The survey also found that CHROs are increasingly confident about hiring. Just more than half expect hiring to increase in the next six month, up from 42% in the first quarter. Despite the economic downturn, only 15% expect layoffs in the next six months. Instead, they are taking short-term measures to address the slower-growth environment.

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