What the Rise of ChatGPT Means for Employment

The rapid ascendence of OpenAI's AI-driven language processing tool, ChatGPT has been felt in almost every sector of life, from attempts of less-than-conscientious students to get out of writing essays all the way to congressional hearings to discuss regulation of the technology.  Given that ChatGPT was one of the fastest-ever AI platforms to reach 100 million users and now ranks among the top 50 most popular websites, the relevance of this tool appears poised to only increase.  According to a recent article in The Playbook, this trend has significant impacts on employers and employees alike, who must adapt to and accommodate this emergent technology where appropriate if they wish to stay on the cutting edge.

Many employers are eying ChatGPT as a tool with the promising and wide-ranging potential to elevate and streamline the way they do business by reducing costs, increasing productivity, and boosting revenue. Some of the emerging data on such AI tools back this perspective.  About 25% of business leader respondents in a survey conducted by Resumebuilder.com reported that utilizing ChatGPT had already saved their companies at least $75,000.  These positive effects may be particularly valuable to small businesses looking for strategies to help them survive a potentially rocky economy.

The perceived value of ChatGPT has resulted in skyrocketing demand for employees with experience using the new technology, as well as a myriad of new roles for “prompt engineers,” or workers who can produce functional information and content using ChatGPT.  However, since the technology is so new, high demand is colliding with a relatively low supply of workers with such expertise. The result? Soaring salaries – as high as $200,000 at the entry level – for prompt management positions and a unique opportunity for employees and candidates looking to advantageously distinguish themselves by familiarizing themselves with the platform and leveraging their experience.

While the positives of incorporating ChatGPT into the business arena appear numerous, experts caution against over-reliance or inappropriate applications of the technology to mitigate emerging risks.  A survey of 3,000 professionals in management positions conducted by Beautiful.ai presents a worrying statistic: 66% of managers report that they would happily replace employees with AI tools if the work was comparable.  Experts such as Brian Sathianathan, the CTO and co-founder of literate.ai, urge the adoption of a different perspective. “ChatGPT is the new calculator, providing us with a powerful tool to enhance our work and make routine, mundane tasks more efficient and simpler,” says Sathianathan. “Nothing will replace original human intelligence and capability, but AI programs can make our days run smoother and faster, which can decrease our workload and reduce our overall stress.”

If you have additional questions about the role ChatGPT or AI tools might play in the future of recruitment, a Harger Howe Account Manager would be happy to assist you. For more information about Harger Howe Advertising and the services we provide, please contact our President Mike Walsh at mwalsh@hargerhowe.com.