83% of global CEOs predict a full Return to Office work within the next three years, marking a 20% increase from the previous year's forecast!
Nicolas BEHBAHANI
Global People Analytics & HR Data Leader - People & Culture | Strategical People Analytics Design
?? This year, researchers have also examined the generational differences among CEOs and observed that the expectation for a return to the office increases with age and and a gender divide is apparent.
?? Over the past decade, researchers have noted a decline in CEOs' confidence in the global economy, mirroring the increasing complexities of their operational environment.
?? Nearly three-quarters (72%) of CEOs admit to feeling increased pressure to secure the long-term success of their businesses.
?? 64% of global CEOs indicated that they would invest in AI regardless of economic conditions in 2024,
?? CEOs also acknowledge that other talent-related issues could affect future growth and competitiveness. Nearly a third express concern over labor market shifts, particularly regarding the impending retirement of many employees and the scarcity of skilled workers to succeed them, according to a new interesting research published by 毕马威 using data ?? from a survey 1,325 CEOs, leaders from 11 countries and 11 key industry sectors between 25 July and 29 August 2024.
?Stable confidence of CEOs on global economy
Researchers emphasize that although CEO confidence has stabilized in the last three years, with 72% remaining optimistic about the economy, this represents a notable decrease from the strong 93% optimism reported in 2015, the year the survey was initiated.
The increasing complexity and diversity of demands in leading a large organization are acutely felt by CEOs, with nearly three-quarters (72%) admitting they are under greater pressure to secure the long-term success of their business.
?2024’s top threats to growth over the last ten years
Researchers have identified a range of evolving threats to business growth, highlighting concerns over the impact of supply chain disruptions and operational issues on business growth over the next three years.
Top risks over the last ten years:
1?? Cyber security
2?? Operational issues
3?? Emerging/disruptive technology
4?? Geopolitics/political uncertainty
5?? Environmental/climate change
6?? Supply chain
7??Regulatory concerns
8?? Strategic risk
9??Reputational/brand
?? In examining the next three years more closely, CEOs have pinpointed key operational priorities, which include advancing digitization and connectivity throughout their businesses, comprehending and applying generative AI across their operations, upskilling their workforce, and executing ESG initiatives.
?83% of global CEOs predict a full return to office
This year's research indicates that the return-to-office debate remains a topic of consideration.
The latest data shows CEOs are increasingly firm on resuming pre-pandemic work practices, with 83% anticipating a complete return to the office in the next three years, up from 64% in 2023.
This year, researchers have also examined the generational differences among CEOs and observed that the expectation for a return to the office increases with age.
75% of CEOs aged 40 to 49, 83% of those aged 50 to 59, and 87% of those aged 60 to 69 expect this shift. Notably, a gender divide is also becoming apparent: 84% of male CEOs foresee a complete return to the office within three years, compared to 78% of female CEOs.
Furthermore, researchers found that 87% of CEOs are inclined to reward employees who make an effort to come into the office with favorable assignments, raises, or promotions.
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This research, drawing on a decade of survey data, reveals evolving trends concerning Return to Office (RTO) mandates and the primary threats perceived by CEOs. The recent RTO mandate by Amazon suggests a growing belief among CEOs that a full return to the office may shape future trends. This year's findings indicate a gender disparity and age difference as factors influencing RTO decisions. CEOs continue to be preoccupied with threats to business growth and have identified crucial operational priorities.
??Thank you KPMG researchers team for sharing these insightful findings:
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Human Resource Professional | MBA | Coporate Recruiting Professional- ASA | Ex-Wirtgen Group,A John Deere Company
2 个月Very insightful! Today’s CEOs are not only dealing with economic volatility but also navigating a rapidly evolving and diverse workforce. The focus on returning to the office highlights the tension between traditional leadership models and the flexibility-driven future of work. A rigid push for a full office return could overlook the potential benefits of hybrid work, which promotes flexibility and empowers employees to perform their best in various environments. To stay competitive, CEOs need a more agile approach, balancing the value of in-person collaboration with the growing demand for remote flexibility. Furthermore, investing in upskilling and aligning AI innovation with workforce empowerment will help secure both talent retention and long-term business growth. The leaders of tomorrow will be those who approach these complexities with empathy, inclusivity, and foresight. Thank you for sharing!
Manager | HR Shared Services | HRIS | HR Transformation | Data Accuracy & Integrity| Hire to Retire| Workforce Planning| Data Governance Performance Management| Employee Experience
2 个月Thank you for sharing these insights! #Leadership #WorkplaceTrends #FutureOfWork
Transforming People Challenges into ROI | Empowering Leaders with Evidence-Based Solutions | Advisor & AI Patent Inventor
2 个月Interesting findings Nicolas BEHBAHANI. The problem however is that in most talent surveys remote work is one of the key expectations for accepting a new job. In the end the market will decide. My prediction is that the ones who have the desired Human Capital will negotiate their own remote work conditions while the rest will be asked to return to the office. Over time this will create friction with balanced HR policies for hybrid work.
Industry Veteran | Exploring Future of Work | Great Manager’s Coach & Mentor
2 个月A bit difficult to believe, but a research by a reputed firm says so! ?? We need to understand the trend. Thanks for sharing, Nicolas BEHBAHANI. ??♂? Yes, economic pressures will only mount ??, tech will disrupt ??, & geo-political tensions… who knows? ?? The gender difference will continue too. I’m only worried about the space - workplace & travel challenges ????. - History teaches us that people get what they want, right? ?? ?? Happy to hear CEOs are investing in AI (tech) ??. I agree 100% on the top risks shared by researchers. ? As for CEOs’ concerns- let’s wait & watch! ??
Unleashing talent potential with real-time people analytics: Empowering HR & leaders to enhance employee experience, save time, and cultivate a culture of high performance and well-being through personal leadership
2 个月Nicolas BEHBAHANI Very interesting insights about the return to the office. Despite the high percentage of CEOs who believe that returning to the office will define the future, I strongly doubt this will be the case. I foresee that employees will search for something different. According to Dave Ulrich’s theory on generational needs, all generations—whether Baby Boomers, Gen X, Millennials, or Gen Z—seek four core elements in the workplace: 1) to find a sense of purpose (believe) 2) to be significant 3) to find a sense of connection (belong) and 4) feel both physically and psychologically safe. These are universal, cross-generational needs, and they are not inherently tied to being physically present in an office. In fact, these needs reinforce my skepticism that everyone will eventually return to a traditional office setting. Employees have shown they value flexibility, and hybrid work models cater more effectively to these generational needs. The future of work will likely focus on creating an environment that fosters these values, rather than mandating a full-time return to the office.