Who Has More Leverage in The Marketplace: Employer or Employee? with Peter Cappelli

Renowned academic and author, professor, and director of the Center for Human Resources at the Wharton School of the University of Pennsylvania, Peter Cappelli, is here to share his expertise in human resources practices, employment policy, and talent management. Peter will discuss the post-COVID Return to work, return to the office, hybrid, remote narrative dynamic occurring and how it has changed over the past three or four years. We will also hear about globalization's effect on unskilled workers and why providing educational opportunities is essential for children to take advantage of technological advances. 

Tune in to gain an understanding of these important topics!

[00:00 - 09:02] Employers and Employees in the Post-COVID Workplace

• Employees were grateful to work from home, while employers were grateful that their companies could stay afloat
• Employers need to demonstrate why it's vital for employees to come back to the office
• Employers still have more power than employees, but an employment relationship should not be based on power

[09:03 - 18:43] Exploring the Impact of Managerial Training on Employee Retention

• 58% of employees said they would quit to take a job next door for the same rate of pay
• Fear is a short-term motivator but not a long-term relationship builder
• The single biggest factor that holds people to organizations is social ties

[18:44 - 30:56] The Impact of A.I. on the U.S. Labor Force

• Hiring is a hugely expensive thing, with estimates of administrative costs being 4,000 and external hires costing 20-30% more than internal employees
• The issue is not demographics but productivity growth - the U.S. economy is 4x bigger than in WWII despite the population only doubling
• Data science has the potential to increase productivity but requires a lot of data and time to build models

[30:57 - 38:18] The Impact of Automation on the Economy

• ChatGPT can take over categories of white-collar tasks, like writing simple responses and gathering information
• The gap between high-income earners and everyone else will likely increase due to a lack of opportunity for those without access to technology

[38:19 - 39:27] Closing Segment

Connect with Peter!

LinkedIn: https://www.linkedin.com/in/peter-cappelli-14936a3 

Connect with me on LinkedIn!

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