CEOs surveyed in mid-January were asked to select their top priorities and challenges for 2024. Most CEOs we polled say retaining and engaging employees will be their top priority in 2024, as unemployment remains stubbornly low—and skilled employees remain hard to find and difficult to keep.
Here’s a look inside the numbers:
????Top priority: 60 percent said retaining and engaging employees is their top priority—an even higher proportion than the 57 percent who ranked retaining and engaging employees as their top priority two years ago, the last time we did the survey.
????Second: Improving cost structure (including scale, process improvements, etc.) is second, at 56 percent. This ranked third in 2022, at 37 percent.
????Top challenge: Inflation. 59 percent of the surveyed CEOs say inflation will remain the biggest challenge, unchanged from 2022, though 72 percent of CEOs ranked it as their top challenge that year, followed by supply chain disruptions.
????Retaining and engaging employees comes in second on the list of challenges, with 41 percent of CEOs selecting it as a top challenge.
????Recruiting workers ranks third, at 40 percent.
Worth noting: This pattern holds true regardless of size the company.
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