HPQ HP Inc.

2024 HP Work Relationship Index Reveals AI Users Have Healthier Relationships with Work

2024 HP Work Relationship Index Reveals AI Users Have Healthier Relationships with Work

Second Annual Global Study Finds Workers Who Use AI Are 11-Points Happier with Their Relationship with Work Compared to Non-Users

News Highlights

  • Only 28% of knowledge workers from various industries around the world have a healthy relationship with work, a one-point increase compared to 2023
  • AI usage among knowledge workers surged to 66% in 2024, up from 38% last year; and workers who use AI are 11-points happier with their relationship with work than their colleagues who don't
  • At least two-thirds of knowledge workers desire personalized work experiences; and 87% would be willing to forgo a portion of their salary to get it
  • Only 44% of leaders have confidence in their human skills; female business leaders are significantly more confident than their male counterparts

PALO ALTO, Calif., Sept. 24, 2024 (GLOBE NEWSWIRE) -- Today, HP Inc. (NYSE:HPQ) released the second annual (WRI), a comprehensive study that explores the world’s relationship with work. The study, which surveyed 15,600 respondents across industries in 12 countries, reveals that work is still not really working. Only 28% of knowledge workers have a healthy relationship with work, a one-point increase compared to last year’s findings. However, new findings hone in on two potential solutions to improve relationships with work: AI and personalized work experiences.

“We know employer and employee expectations have evolved and we believe smart technology is key to meeting the needs of today’s workforce,” said Enrique Lores, President and CEO of HP Inc. “The future of work will be unlocked by using the power of AI to create solutions and experiences that drive business growth and enable individuals to achieve personal and professional fulfillment.”

Personalized Work Experiences Can Lead to Healthier Relationships with Work

In its second year, the study continued to analyze aspects of people’s relationships with work, including the role of work in their lives, their skills, abilities, tools, workspaces and their expectations of leadership. This year, WRI reveals a major universal need from knowledge workers: personalized work experiences.

At least two-thirds of workers expressed a desire for personalized work experiences, including tailored workspaces, access to preferred technologies and flexible working environments. These experiences are crucial for improving relationships with work, and have positive implications for both employees and businesses:

  • 64% of knowledge workers say if work was tailored or customized to personal needs and preferences, they would be more invested in their company's growth.
  • 69% of knowledge workers believe it would enhance their overall well-being.
  • 68% of knowledge workers stated it would incentivize them to stay with their current employers longer.

This desire for personalization is so strong that 87% of knowledge workers would be willing to forgo part of their salary for it. On average, workers would be willing to give up to 14% of their salary with Gen Z workers giving up as much as 19%.

AI Opens New Opportunities for Knowledge Workers to Enjoy Work and Improve Productivity

AI usage among knowledge workers has surged to 66% in 2024, up from 38% last year. Workers who use AI are seeing the benefits, including a healthier relationship with work:

  • 73% feel that AI makes their jobs easier, and nearly 7-in-10 (69%) are customizing their use of AI to be more productive, indicating AI could be an ingredient to unlocking a more personalized work experience.
  • 60% state that AI plays a key role in improving their work-life balance.
  • 68% say AI opens up new opportunities for them to enjoy work.
  • 73% agree that a better understanding of AI will make it easier to advance their careers.

Further, knowledge workers who use AI are +11-points happier with their relationship with work than their colleagues who don't. Therefore, there is an urgency to get AI into the hands of workers sooner rather than later as non-AI users have shown increased fear of job replacement by AI, with 37% expressing concern, a +5-point increase from last year.

Business Leaders Lack Confidence; Female Leaders Emerge as a Bright Spot

While at the global scale the index highlights little change, countries that saw an increase in their individual work relationship index saw slight improvement across the six key drivers of a healthy relationship with work – most notably the Leadership and Fulfillment drivers. This year’s index revealed that trust in senior leadership remains a critical factor in a healthy work relationship, but there is a disconnect between the recognition of the importance of human skills (e.g., mindfulness, self-awareness, communication, creative-thinking, resilience, empathy, emotional intelligence) and leaders’ confidence to deliver:

  • While more than 90% of leaders acknowledge the benefits of empathy, only 44% feel confident in their human skills.
  • Only 28% of workers consistently see empathy from their leaders, despite 78% valuing it highly.

However, this year’s research uncovered a bright spot: female leaders. On average, female business leaders are +10-points more confident in their hard skills (technical, computer, presentation, etc.), and notably +13-points more confident in human skills than their male counterparts. Additionally, female business leaders’ confidence in both skills grew over the past year (+10-points in human skills, +4-points in hard skills), while confidence among male business leaders remained stagnant in human skills and decreased in hard skills (-3-points).

For more information on the HP Work Relationship Index, please visit the and to access the full report, please visit the .

Methodology

HP commissioned an online survey managed by Edelman Data & Intelligence (DXI) that fielded between May 10 – June 21, 2024 in 12 countries: the US, France, India, UK, Germany, Spain, Australia, Japan, Mexico, Brazil, Canada, and Indonesia. HP surveyed 15,600 respondents in total – 12,000 knowledge workers (1,000 in each country); 2,400 IT decision makers (200 in each country); and 1,200 business leaders (100 in each country).

HP Inc. Media Relations



EN
24/09/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on HP Inc.

HP Inc: 1 director

A director at HP Inc sold/sold after exercising options 74,356 shares at 34.430USD and the significance rating of the trade was 82/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the l...

 PRESS RELEASE

HP Wolf Security Study Reveals Platform Security Gaps That Threaten Or...

HP Wolf Security Study Reveals Platform Security Gaps That Threaten Organizations at Every Stage of the Device Lifecycle The report highlights cybersecurity challenges facing organizations across the lifecycle of their endpoint devices – from supplier audit failures to weak BIOS passwords, Fear of Making Updates (FOMU), a $8.6bn lost/stolen device epidemic, and growing e-waste PALO ALTO, Calif., Dec. 12, 2024 (GLOBE NEWSWIRE) -- HP Inc. (NYSE: HPQ) today released a new report highlighting the far-reaching cybersecurity implications of failing to secure devices at every stage of their li...

 PRESS RELEASE

HP Inc. Reports Fiscal 2024 Full Year and Fourth Quarter Results

HP Inc. Reports Fiscal 2024 Full Year and Fourth Quarter Results PALO ALTO, Calif., Nov. 26, 2024 (GLOBE NEWSWIRE) -- HP (NYSE: HPQ) Fiscal 2024 GAAP diluted net earnings per share ("EPS") of $2.81, above the previously provided outlook of $2.62 to $2.72 per shareFiscal 2024 non-GAAP diluted net EPS of $3.38, within the previously provided outlook of $3.35 to $3.45 per shareFiscal 2024 net revenue of $53.6 billion, down 0.3% from the prior-year periodFiscal 2024 net cash provided by operating activities of $3.7 billion, free cash flow of $3.3 billionFiscal 2024 returned $3.2 billion to s...

 PRESS RELEASE

HP Inc. to Announce Fourth Quarter Fiscal 2024 Earnings on Nov 26, 202...

HP Inc. to Announce Fourth Quarter Fiscal 2024 Earnings on Nov 26, 2024 PALO ALTO, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) -- HP Inc. (NYSE: HPQ) will present a live audio webcast of a conference call to review financial results for the fourth fiscal quarter and fiscal year ended October 31, 2024 on Tuesday, Nov 26, 2024 at 5:30 p.m. ET / 2:30 p.m. PT. The webcast will be available at . A replay of the audio webcast will be available at the same website shortly after the call and will remain available for approximately one year. About HP Inc. HP Inc. (NYSE: HPQ) is a global tec...

 PRESS RELEASE

HP Equips Partners for the AI Era with New Amplify AI Program

HP Equips Partners for the AI Era with New Amplify AI Program Accelerates partner ability to drive customer AI adoption with innovative tools News Highlights Unveils HP Amplify AI, a persona-based program to enhance partners’ ability to drive AI outcomesIntroduces advanced AI-powered tools to enhance sales, partner, and customer experiencesProvides greater global access to AI MasterClass training with localized contentExpands HP Business Partner Program globally to engage broader partner ecosystem PALO ALTO, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Today HP Inc. (NYSE: HPQ) announced ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch