Ep 430: Is AI Coming For Your Job?

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Entrepreneurship, Business

4.8 • 1.3K Ratings

🗓️ 3 July 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The promise and the peril of AI in the workplace seem to be all anyone can talk about these days and the biggest question on all of our minds is — will AI take my job? According to Fortune 500 Human Resource Officers, the answer is yes, AI could be coming for your job. Gallup found that seventy-two percent of Fortune 500 leaders foresee AI replacing jobs in their organization in the next three years. So how do we get ahead of this? Our guest today, Hilke Schellman, author of The Algorithm: How AI Decides Who Gets Hired, Monitored, Promoted, and Fired, and Why We Need to Fight Back Now shares her ideas. In Mailbag, we read a listener response to a previous mailbag on the pros and cons of pensions in Europe. We also hear from someone who’s wondering if it would be better to take money out of a long-term care insurance policy and invest it in the stock market. Chapters: 00:00: Introduction 05:30: Understanding AI 09:22: Challenges for New Graduates 15:06: Making Your Resume Machine Readable 24:54: Preparing for AI-Based Interviews 28:48: Using AI Tools to Your Advantage 29:21: Transition to Mailbag Segment 33:46: Listener Advice on European Pensions 38:20: Long-Term Care Insurance Takeaways: AI is predicted to replace jobs, with women's jobs being more affected. AI tools are used in job interviews and can analyze facial expressions, speech patterns, and keywords to assess candidates. Job seekers can improve their chances by making their resumes machine-readable, using tools like JobScan, and reaching out to recruiters directly. Employees should be aware that their online activities and communications at work can be monitored by AI tools. Dabbling with AI tools and staying up to date with AI technology can make individuals more employable. Have a question for us? We'd love to hear from you! Write in or send us a voicenote at [email protected]. Join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact [email protected] if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	You're listening to an airwave media podcast.
0:07.0	Hey everyone, I'm Jean Chatsky.
0:09.0	Thanks so much for joining me today on Her Money,
0:11.5	where we talk about how personal finance and money touches everything in our
0:15.8	lives. The promise, and let's be honest, the peril of AI in the workplace seems to be all anybody can talk about these days.
0:25.8	Is it okay to use chat gp t if you have something to write?
0:30.7	Should I use it for my resume?
0:32.4	Where is the line? And even more alarming, is it coming for our jobs?
0:39.7	According to Fortune 500 human resource officers, the answer to that question is a
0:47.6	resounding yes. Gallup found 72% of Fortune 500 leaders foresee AI replacing at least some jobs in their
0:57.2	organizations in the next three years and unfortunately women's jobs are predicted to be more affected than those of men.
1:08.5	A recent report out of McKinsey found that women are one and a half times more likely than men to need to find
1:16.1	new occupations, new careers by the year 2030 because of impacts from artificial intelligence.
1:22.1	And that's because the industries that we believe
1:25.1	will be most affected by AI are things like customer service,
1:29.7	food services, sales, and office support,
1:32.4	and women are over- in all of these sectors.
1:37.0	Women also make up the majority of lower paid jobs, which are many of the ones that AI will be replacing. So how do we get ahead of this? How do you get
1:48.7	ahead of this so you can stop worrying about it? Hilka Shelman is author of The Algarithm.
1:55.7	How AI decides who gets hired, monitored, promoted, and fired, and why we need to fight back now has some ideas.
2:04.9	She is my guest today.
2:06.3	She's an Emmy-winning investigative reporter,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Jean Chatzky Her Money, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Jean Chatzky Her Money and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.