close  video close icon
the four fundamentals of workplace automation

The Key Elements of Automation in the Workplace

In 2015, McKinsey & Company published an article called “Four fundamentals of workplace automation”, which examined the future of occupations, companies, and employment in the face of budding automation technologies.

What does the report mean for your workplace?

We would like to highlight for you six insights from the report which are most likely to have effects on your business.

  1. In the close and medium term, only a very small number of occupations will become entirely automated.
  2. Instead, it is more probable that certain tasks and processes will be automated, necessitating whole business models to be overhauled and a redefinition of roles.
  3. Less than 5 percent of jobs are able to be completely automated with the existing technology.
  4. Nevertheless, around 60 percent of careers could see at least 30 percent of their basic tasks become automated.
  5. The benefits – which range from higher output to increased quality and enhanced reliability – generally are amid three and ten times the cost.
  6. For many processes, it is already possible for automation technology to match, and even surpass, the average amount of required human performance.

Four fundamentals of workplace automation

Four Fundamentals of Workplace Automation

 

Share  

Related Post

  • 5 ways to help your employees adopt new HR technology
    Deploying a new HR technology software system brings with it a whole host of challenges from
    Read More
  • When is staff turnover a good thing and how to have a great Day 1 experience
    In my short career over the last 15 years, I have directly employed over 25,000 people,
    Read More
  • The Ministry of Manpower Reviews Singapore’s Employment Act 
    For the first time in six years, the Ministry of Manpower is reviewing Singapore’s Employment Act.
    Read More

Subscribe to the Newsroom

Subscribe
Subscribing...
Thank you for Subscribing to the Newsroom

Learn more about Roubler’s
All-in-one HRIS and payroll software

Find out more
x