Industry News
SELECTED ITEMS OF INTEREST TO THE MEDIA COMMUNITY
Is what workers want what businesses need?
January 25, 2023
Several recent surveys have concluded that investing in employees and their skills – rather than technology and data – can create a significant competitive edge for companies as the economy adjusts to the new realities of work. One analyst says that “when you take care of people and they work at their full potential, productivity follows” – estimating a 5% increase in revenue. Other findings include:
- An Accenture survey of CEOs and heads of human resources revealed that while most leaders believe talent is key to growth, they don’t think their companies have created conditions that sufficiently support human resources.
- A new Deloitte study found that only 25% of corporate leaders believed that their organizations are ready to make the workplace changes crucial to success, especially when it comes to recruiting young workers. The study also showed that 40% of Gen Z and Millennial respondents have refused a job offer or assignment because it conflicted with their values.
- In a recent Charter survey of business leaders, most said professional development and employee wellbeing are “unresolved priorities,” and believe their companies would benefit if human resources operated more strategically.
Read the Charter story about the studies here.
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