The future of management is being reshaped with the rise of generative AI (Gen AI). However, just 15% of today’s managers use Gen AI consistently. An impressive 40% of business graduate students are already comfortable using it. It means that the next generation of leaders will enter a workplace that is not ready for them and nor designed to fully utilize their AI-driven skills. Companies need to start preparing now.
It is a common saying that AI won’t replace managers. But managers who use AI will replace those who obviously don’t. Many organizations have not yet embraced the mindset fully. It is time to shift the thinking. Companies should focus on attracting talent that is proficient in AI and figure out how to onboard, engage as well as retain the future-ready leaders.
Studies reveal that AI adoption in the workplace is expected to rise by 50% by 2025. This is a huge leap and it is not something businesses can ignore. If managers today don’t start using AI to streamline operations, analyze data and predict challenges, they risk being left behind.
But technology is not the only thing changing. A shift in workforce demographics is also being witnessed. Millennials and Gen Z bring new expectations to the table. Remote work is now more common and managing teams from a distance requires clear communication, trust and the use of digital tools that keep everyone connected and productive.
Managers need to embrace technology and also the changing workforce. They will be better equipped to stay competitive and retain top talent in the years to come if businesses invest in the skills now.
This means that the future of management is already here and those who don’t evolve will find hard to keep up.