This post originally appeared in Forbes on September 28, 2024.
The statistic from KPMG's 2024 CEO Outlook report making the social media rounds is that 83% of CEOs expect a full return to the office over the next 3 years, up from just 63% in 2023. That widely reported statistic may have drowned out other key findings from the report; namely, CEOs have a lot of optimism regarding both their company and economic growth prospects. To fuel that growth, they know they have to have a keen focus on talent.
"One of the things that stood out to me in the report is that CEOs are concerned about a shifting labor market," says Nhlamu Dlomu, global head of people at KPMG International. "They wonder if they will have enough skilled people. They've got experienced people ready to retire, so they need to diversify their talent pool appropriately." Whether it's the impact of generative AI, retirees wanting to stay involved in work part-time, or Gen Z questioning the current work system and structure, companies need to get ahead on their talent strategy. "It's not easy, but we will need to experiment with different models and diversify the way we've been thinking about our talent," says Dlomu.
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