Urgent.News

What's breaking now, across thousands of outlets.

Business

We’re deeply underestimating young professionals

When I entered the workforce 30 years ago as a junior analyst with General Electric, I was shocked by how many accountants still preferred printing calculators and columnar pads over screens and Excel spreadsheets. Even at one of the world’s largest and most valuable companies, some of the brightest financial minds were doing complex calculations by hand. Putting aside how much this anecdote…

We’re deeply underestimating young professionals

In the workforce three decades ago, many accountants relied on manual calculations using printing calculators and columnar pads, while some brilliant financial minds were still doing complex calculations by hand. Recognizing this, the author, who entered the workforce at General Electric as a junior analyst, emphasized the importance of mastering digital tools like Microsoft’s productivity software as a crucial skill for success in a demanding environment.

Today, the youngest professionals are the least AI-fluent, but they are rapidly becoming AI-native, inheriting the capability to unlock the elusive return on investment (ROI) of AI, despite being among the most apprehensive about its rise. Leaders must appreciate that these young professionals play a vital role in AI transformation and cannot be overlooked.

The generational tug-of-war between younger workers’ skills and speed, and their seasoned colleagues’ experience and judgment, will continue to shape organizations as AI becomes ubiquitous, transitioning from a superpower to a baseline capability.

Written by urgent.news from Fast Company's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at fastcompany.com →

More in Business

Is the 93% cut in CEO's annual salary an optical illusion due to strengthened disclosure of executive compensation? 국내 상장사들이 올해부터 강화된 '임원 보수 공시' 기준을 적용 받으면서, 일부 기업의 경우 최고경영자(CEO)의 연봉이 실제보다 적은 것처럼 보이는 '착시효과'가 나타나고 있다. From this year, domestic listed companies are subject to strengthened 'executive compensation disclosure' standards, and in some cases, it appears that the CEO's annual salary is lower than it actually is, creating an optical illusion. 금융감독원 전자공시시스템을 보면, 삼성전자는 지난해 이재용 회장의 급여 총액이 25억 8000만 원으로 전년(35억 7000만 원)보다 27.7% 감소했다고 공시했다. According to the Financial Supervisory Commission's electronic disclosure system, Samsung Electronics disclosed that the total compensation of Chairman Lee Jae-yong last year was 2.58 billion KRW, down 27.7% from the previous year (3.57 billion KRW). 그러나 실제 이 회장의 연봉은 2021년 35억 7000만 원에서 1년 만에 93% 가까이 줄어든 2억 5000만 원 수준은 아니다. However, the actual annual salary of Chairman Lee is not 2.5 billion KRW, which is a 93% decrease from 3.57 billion KRW in 2021. 이는 강화된 공시 기준에 따라 '급여' 항목에는 기본 급여와 상여, 기타 근로소득은 물론, 전년도 말 기준 삼성전자 주식 1.4%의 가치 변동분(스톡옵션)도 포함됐기 때문이다. This is because according to the strengthened disclosure standards, the 'compensation' item includes not only the basic salary, bonuses, and other employment income but also the change in the value of 1.4% of Samsung Electronics' stock as of the end of the previous year (stock options). 삼성전자 측은 "공시된 25억 8000만 원은 회계기준 변경에 따라 산출된 값"이라며 "실제 이 회장의 연봉은 35억 원대"라고 설명했다. A Samsung Electronics official said, "The disclosed 2.58 billion KRW is a value calculated according to the changed accounting standards," and added, "The actual annual salary of Chairman Lee is around 3.5 billion KRW." 재계에서는 "일부 기업의 경우 CEO의 연봉이 실제보다 적은 것처럼 보이게 돼 투자자들의 오판 가능성을 우려한다"며 "회계 투명성 강화 취지는 공감하지만, 투자자 보호와 기업 경영진의 과도한 급여 감소를 피해야 한다"고 지적했다. In the business community, there are concerns that the annual salary of CEOs may appear lower than it actually is for some companies, leading to the possibility of misjudgment by investors. While they agree with the purpose of strengthening accounting transparency, they point out that it is necessary to protect investors and prevent excessive salary cuts for corporate executives.

More from Tuesday 25 August →