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How do employees in the Polish financial sector react to automation in their workplace? Cover

How do employees in the Polish financial sector react to automation in their workplace?

Open Access
|Aug 2024

Figures & Tables

Figure 1.

Pre-pandemic automation experience among the financial sector workers
Source: Own calculations.
Pre-pandemic automation experience among the financial sector workers Source: Own calculations.

Figure 2.

Work organization (in the office / remote) before (A) and during (B) the pandemics
Source: Own calculations.
Work organization (in the office / remote) before (A) and during (B) the pandemics Source: Own calculations.

Figure 3.

Changes in automation during COVID-19 among the financial sector workers
Source: Own calculations.
Changes in automation during COVID-19 among the financial sector workers Source: Own calculations.

Figure 4.

Task automation during the pandemic
Source: Own calculations.
Task automation during the pandemic Source: Own calculations.

Figure 5.

Automation expectations among the financial sector workers
Source: Own calculations.
Automation expectations among the financial sector workers Source: Own calculations.

Figure 6.

Anticipated adoption of the solutions introduced during the pandemics
Source: Own calculations.
Anticipated adoption of the solutions introduced during the pandemics Source: Own calculations.

Figure 7.

Fear of automation among the financial sector workers
Source: Own calculations.
Fear of automation among the financial sector workers Source: Own calculations.

Figure 8.

Fear of automation among different occupational groups
Source: Own calculations.
Fear of automation among different occupational groups Source: Own calculations.

Phrasing of survey questions and answers

Pre-pandemic automation experience
Have you experienced any changes in your job responsibilities due to the implementation of new technologies (information systems, specialized software, algorithms, robots) in your company in the last three years?
• Yes, most of the tasks I perform have been automated (>80%)Major automation
• Yes, more than half of the tasks I perform have been automated (51–80%)
• Yes, some of the tasks I perform have been automated (21–50%)Minor automation
• Yes, a few of the tasks I perform have been automated (<20%)
• No, the implemented technologies have not changed the scope of my responsibilities.No automation
Changes in automation during COVID-19
Have you experienced an intensification of task automation processes within the scope of your responsibilities during the pandemic (since March 2020)?
• Yes, the pace of automation of my tasks noticeably accelerated during the pandemic.Significant acceleration
• Yes, the pace of automation of my tasks accelerated during the pandemic, but only slightly.Moderate acceleration
• No, I did not experience an intensification of task automation processes during the pandemic.No acceleration
Automation expectations
In your opinion, what share of the tasks within your current responsibilities will be automated in the next 5 years?
• I believe that most of the tasks I perform today will be automated (>80%)Major future automation
• I believe that more than half of the tasks I perform today will be automated (51–80%)
• I think that some of the tasks I perform today will be automated (21–50%)Minor future automation
• I believe that only a few of the tasks I perform today will be automated (<20%)
• I think that the technologies being implemented will not change the scope of my current responsibilities.No future automation
Fear of automation
Due to the advancing automation and digitization of the financial sector, I feel anxious about my job.
• I strongly agreeFear of automation
• I rather agree
• I don’t knowNo opinion
• I rather disagreeNo fear of automation
• I strongly disagree

Correlation significance and effect size measure between the automation acceleration during COVID-19 and variables of interest

VariableTypePearson Chi2P-valueCramer’s VGamma
AgeOrdinal7.430.120.15
EducationOrdinal3.70.720.10
OccupationNominal6.840.550.14
Character of firmDichotomous0.720.70.07
Automation experienceOrdinal31.560.0***0.300.52

Demographic and work characteristics of the sample

VariableValuesFrequencyPercentage
GenderMale9052%
Female8248%
Age group18 - 354124%
36 - 479756%
48 +3420%
EducationSecondary74%
Bachelor1710%
Master13880%
PhD106%
OccupationCustomer advisor2414%
Expert / Specialist7141%
Manager4426%
Executive manager, board member2615%
Other74%
Category of firmDomestic bank4727%
Foreign bank8751%
Non-bank institution3822%
Character of firmTraditional / Mixed firm12473%
Digital firm4727%
Total 172100%

Correlation significance and effect size measure between fear of automation and variables of interest

VariableTypePearson Chi2P-valueCramer’s V
AgeOrdinal1.390.850.06
EducationOrdinal6.520.370.14
OccupationNominal15.760.05**0.21
Character of firmDichotomous1.990.370.11
Automation experienceOrdinal3.980.410.11
Automation acceleration (COVID-19)Ordinal1.220.880.06

Correlation significance and effect size measure between the pre-pandemic automation experience and variables of interest

VariableTypePearson Chi2P-valueCramer’s VGamma
AgeOrdinal12.470.01**0.190.23
EducationOrdinal8.690.07*0.16-0.14
OccupationNominal5.590.690.13
Character of firmDichotomous7.640.02**0.210.39

Pre-pandemic automation experience among cohorts

Automation experience in the last 3 years
No automationMinor automationMajor automation
Freq%Freq%Freq%
Age group18 - 351024.42561614.6
36 - 472828.95758.81212.4
48 +514.71647.11338.2
EducationBachelor or less841.2841.2817.6
Master3122.58561.62215.9
PhD440550110
OccupationCustomer advisor729.21145.8625
Expert / Specialist2129.63752.11318.3
Manager920.52761.4818.2
Executive manager, board member415.41973.1311.5
Other228.6457.1114.3
Character of firmTraditional / Mixed character3628.87257.61713.6
Digital firm714.92655.31429.8

Correlation significance and effect size measures between automation expectations and variables of interest

VariableTypePearson Chi2P-valueCramer’s VGamma
AgeOrdinal11.470.02**0.220.13
EducationOrdinal6.860.330.17
OccupationNominal
Character of firmDichotomous5.470.09*0.210.03
Automation experienceOrdinal11.860.02**0.220.34
Automation acceleration (COVID-19)Ordinal13.820.01***0.240.47
DOI: https://doi.org/10.2478/ijcm-2024-0010 | Journal eISSN: 2449-8939 | Journal ISSN: 2449-8920
Language: English
Page range: 185 - 200
Published on: Aug 8, 2024
In partnership with: Paradigm Publishing Services
Publication frequency: 1 issue per year

© 2024 Renata Włoch, Katarzyna Śledziewska, Satia Rożynek, published by Jagiellonian University
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.