Retraining Workers for AI Integration Essential for Future-Proofing Jobs

QUARTZ – Leaders are focusing on retraining workers to integrate AI into their roles, emphasizing the importance of upskilling to stay competitive. They recommend assessing current skill gaps, providing continuous learning opportunities, and fostering a culture of adaptability. Effective retraining involves hands-on AI experience and collaboration between technical and non-technical staff. Leaders also stress the significance of clear communication about the benefits and goals of AI integration to ensure employee buy-in and smooth transitions.

By Britney Nguyen | JUN 11, 2024

Read the original article at QUARTZ

News

Hockey to Hustle: Doug Adlam’s Entrepreneurial Hat Tricks

Doug Adlam’s tech startup, Finmo, faced bankruptcy when an investor pulled out. With only 11 days left, they managed to secure funding just 22 minutes before payroll was due. This experience highlights the importance of perseverance and quick thinking in crisis situations. Companies can learn from this to develop resilience strategies, potentially outperforming larger competitors in adaptability during financial challenges.

Adlam’s mortgage company won “Brokerage of the Year” at the Canadian Mortgage Awards in 2017, despite having fewer than 25 employees. This unexpected triumph demonstrates how smaller firms can compete with industry giants by focusing on client commitment and team values. Companies can leverage this lesson to build strong company cultures that attract top talent and clients, potentially outshining larger competitors.

By ENTREPRENEURS’ ORGANIZATION | OCT 06, 2024
Read the original article at INC

From Dental Supplies to Car Rental Success: Stephen Alvarez’s Journey with Turo

ENTREPRENEUR – Stephen Alvarez, 26, transitioned from working at a dental supply company to becoming a successful Turo host. Initially, he supplemented his income by driving for Uber and owning a few cars. In 2018, inspired by an Instagram ad about a successful Turo host, Alvarez listed his cars on the platform. His father had instilled the value of self-investment and opportunity-seizing in him. He grew his fleet to 240 cars and earned $170,000 monthly. He sold a stake in the business and now manages the team. Alvarez believes anyone can do this with time and effort. Unlike traditional rental companies, Turo allows customers to select specific vehicles and avoid long lines. The app enables seamless vehicle access and return, providing a smooth and efficient rental experience.

By AMANDA BREEN | JUL 9, 2024
Read the original article at ENTREPRENEUR

Adapting to Workforce Challenges: How WM and Goodwill Innovate to Stay Competitive

WM (Waste Management): CEO Jim Fish is addressing labor shortages by investing $3 billion in recycling infrastructure and technology. They’re rebuilding plants to reduce employee needs, as finding truck drivers is challenging and expensive. This strategy helps WM compete by adapting to changing workforce preferences and reducing labor costs.

Goodwill Industries International: CEO Steve Preston is competing with well-funded for-profit businesses by expanding both brick-and-mortar and online presence. This creates a complex ecosystem connecting buyers and sellers of recycled goods, opening new growth opportunities. Goodwill’s strategy shows how non-profits can adapt to compete in a changing market.

By John Kell | SEP 23, 2024
Read the original article at FORTUNE

Related Posts