BNP Paribas Cardif: Hungarians are less afraid of losing their jobs to artificial intelligence this year

In the survey conducted in the third quarter of this year, the BNP Paribas Cardif Labor Market Stability Index recorded a value of 76 points, which shows only a minimal decline compared to the same period of the previous year.

Respondents seem to be similarly optimistic this year regarding the perception of the continuation of their current job at the level of partial results: almost three quarters (73%) of interviewees believed that the company where they work – regardless of their own position – will definitely remain for more than five years, which represents only a minimally noticeable decrease of 3 percentage points in one year. At the same time, the proportion of those who estimate this time period to be only 2-3 years has increased from 6 to 10 percent.

Compared to the third quarter data of the previous two years, the indicator that examines employees’ optimism regarding how easily they would find a new job that matches their qualifications in the event of a possible job loss or dismissal has reached 62 points, unchanged. However, there is some change at the level of partial results: the proportion of those who believe that it would be difficult or very difficult to find a new job under such conditions has increased from 17 to 18% last year, while the proportion of those who consider this process to be fundamentally neutral has decreased from 33 to 29%. Furthermore, the number of those who believe that it will be very easy for them to find a new, suitable job has increased from 22 to 24%.

However, compared to the same period of the previous year, the indicator in the survey that measures employees’ attitudes regarding how secure they feel their current position within the given company has decreased by 2 points and thus dropped to 76. According to the relevant partial data, 56% of respondents think that their current position will definitely remain for more than five years, which is a 4 percentage point decrease compared to the same period of the previous year, while the proportion of those who believe that this period is 2-3 years has increased by 4 percentage points to 18%. The trend is strengthened by the fact that the proportion of respondents who believe that this period is at most one year has increased from 6% to 8%.

“Compared to the data measured in 2023 and the previous one or two years, respondents are clearly more optimistic about the security of their jobs, which is supported by changes noticeable at the level of partial results such as the increase in confidence in the durability of the current position and the survival of the company that employs them,” said Márk István Kiss. The CEO of BNP Paribas Cardif Insurance also touched on the emergence of artificial intelligence and the attitudes related to it: employees have become noticeably more optimistic about the future impact of the new technology on their workplace and their environment.

An optimistic vision is revealed by the fact that while 80% last September, only 59% this year predicted that fewer workers would be needed in the future due to artificial intelligence, and according to a significant group of respondents (27%), there will be a similar amount of labor force required compared to the current one. Related to this issue is the fact that the number of those who believe that artificial intelligence will make work easier and more efficient in the future has increased from 72% last year to 74%.

In addition to the above data, it also turns out that the proportion of respondents who believe that people’s lives will be completely different with the advent of artificial intelligence has jumped from 19% last year to 31%, while the proportion of those who believe that it will only change a little has decreased from 26% to 21%. There is no significant shift in the assessment of the change, as after the 49-44% rate experienced in the previous year, the group of respondents who believe that these processes will have a clear or rather good impact on our work is divided in a similar way this year – 47-47% – as opposed to those who believe that this will have a rather bad or very bad impact.

The questionnaire also revealed that the group of respondents who believe that the impact of artificial intelligence on their own work will be felt within five years has decreased from 58 last year to 52% this year, while the proportion of those who believe that this period will be felt by us has jumped from 9 to 19%.