BambooHR reposted this
Are we automating ourselves into a talent crisis? I’ve been reflecting on a finance report we recently published using BambooHR platform data. The data surfaced a trend that worries me: we may be trading short-term efficiency for a long-term leadership gap. Currently we are seeing a 3:1 senior-to-entry-level hiring ratio. That might be the reality in finance right now. But if we change staffing models without being intentional about developing talent, we risk hollowing out the experience pipeline and realizing too late that there’s no bench. We're also seeing high early churn. We're losing about a third of new finance employees in the first year. Meanwhile, tenured staff are carrying heavier loads and reporting lower job satisfaction—a combination that isn't sustainable. Automation is changing how we staff, but we aren't always redesigning work to keep the human element central. My philosophy is this: AI can handle the ‘what;’ people must own the ‘why and what to do about it.’ Let automation take the first pass at reconciliations and analysis. Your team should instead focus on judgment, context, influencing decisions, and mentoring the next generation. With my team at BambooHR, I'm focusing on three things: protecting skepticism needed in finance, creating more senior-to-junior contact, and architecting for faster iteration cycles. We've started bi-weekly "AI stand-up sessions" across the finance organization, where we bring examples of our AI work, peer-review projects, ask questions, share successes, and own failures. I've found this meaningful for connecting with my team. I plan to continue building with them to find the right process where we are engaged in the work while delivering value to the business. None of us will get this perfect right off the bat. But if we treat automation as a staffing shortcut instead of a talent strategy, we’re going to feel it later. I recently chatted with Demi Lawrence at CFO Brew where you can read more on my thoughts on this here: https://lnkd.in/ebAgstmZ