2023 is the Year the Notion of 'Unprecedented Times' Moves to Organizations Driving 'Unprecedented Change' for its Workforce and Beyond
Disruptions across technology, diversity, equity, and inclusion (DEI), health and wellbeing, and the future of work reached unprecedented heights the past two years. Monumental issues tested leadership teams across organizations of all sizes. Even with new market volatility, an inflationary environment, and geopolitical concerns, organizations have a once in a generation opportunity to take the learnings from pandemic-era upheaval and decide how change can be garnered for good. Organizations are taking action on what the new normal should be for its people, and the communities in which it serves.
For instance, according to Deloitte’s Women @ Work report, only about a third of employers offer flexible work policies, and 94 percent of women believe if they ask for more flexibility, it’ll affect their likelihood of promotion. Organizations need to look at how the flexibility created from hybrid work, can work better for women (and men).?
Relatedly, well-being across the entire workforce – workers and executives – may well be at an all-time low. And while it’s a top agenda item for the C-suite, a disconnect still remains. Only 56% of employees think that their company’s executives care about their well-being. Yet, 91% of the C-suite believe that employees feel their leaders care about them. Beyond health and wellness programs, leaders need to challenge societal norms, support holistic health for themselves and their people, and be more future-oriented than ever before – employees expect this.
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A strategic focus on advancing equity will be another area for organizations to begin to show tangible outcomes around. After a year of broad commitments, greater impact and results can be achieved by making sustained investments in fewer, more impactful projects in the communities in which we live and work. Increasing social and economic mobility can come from a focus on education and workforce development, financial inclusion, and health equity.
This is not easy work, and some may say too volatile of an environment to focus on, but on the whole, CEOs remain cautiously optimistic that their organizations can continue to perform well in the midst of new uncertainty and change over the next 12 months, as a recent Deloitte-Fortune CEO survey noted.
So, if they say necessity is the mother of all invention, coming out of survival mode, what will organizations do during this period of reflection to re-invent? Time will tell, but 2023 is the year to capture the opportunity.
Board-Certified Gastroenterologist & Private Healthcare Navigator | High-Touch Patient Advocacy for Family Offices, HNWIs, RIAs, Private Households, Individuals, C-Suites
2 年Interesting share. Happy Holidays! ???? ?? Posting this—I thought ?? of you. Executive Health Navigation
Solutions Manager at Deloitte Consulting Ireland
2 年#BigIdeas2023 are #GreatIdeas2023. Thanks for sharing your perspectives.