Skip to main content

Radical shift of 2023 priorities: from CXOs desk


Highlighting CXOs 2023 oriented strategies: Converging or Diverging?

Adapt or lose; 4k CXO level believes in this Darwin’s theory of evolution for the massive turbulence in the corporate sector. Top-level priorities have shifted dramatically in order to adapt to the situation transforming digitally and broadening their focus to include the following factors:

The climate clock is running out

Believing in ‘Now’ or ‘Never’; CXOs are all set to take initiatives towards mitigating climate change with a commitment to reducing the carbon footprint, says Deloitte’s 2023 CXO Sustainability Report. 84% of CXOs believe that the world can achieve global economic growth while also reaching climate goals.

War for getting a right talent

Gartner’s report is a reflection of the war on talent stating that 49% of CEOs believe it is very tough for us to identify and hire the kind of people we need for our firm. Around 85% of CEOs believe Upskilling is the only path to a future-proof career.

Blocking Attrition rate

Transitioning to the BANI environment & Post-pandemic Hybrid, remote work options are the massive changes seen in Gen Z & Y generations. Instant gratification, Inclusiveness of an employee have been prioritized significantly ahead of financial issues.

Reimagining & Reinventing future works

To continue striving and thriving in this dynamic environment, C-suite levels believe to follow a 60/40 balancing ratio of 60% for reimagining future works & 40% for current business, as stated by the PWC report.


Comments

Popular posts from this blog

HR Agility: Managing the Change!

Progressive organizations that are seeking a profound competitive edge in the digital world have been increasingly focusing on the need for HR agility. However, there is lurking concern that HR agility is endangered to become a trending buzzword in corporate conversations. HR agility is basically the ability of the HR function to react instantly and adequately to the evolving employee expectation, business conditions and workplace disturbances. Therefore, HRs are expected to elevate their functions to a level where they can keep pace with the evolving demand. Today’s business processes have a more stable environment. The objective is to drive efficiency, consistency and risk reduction through tight procedures and controls. It is with the emergence of global competition, changing customer demand, political turmoil, supplier upheavals and economic troughs that the stability is getting replaced with permanent volatility. Gone are the days when the pre-structured polici...

When celeb CEO resigns, should the team, board members and investors worry?

CXO level hiring. Undoubtedly, the drastic changes at the top management do affect overall organizational operations. And many times it makes a detrimental impact on productivity and short-term profitability shakes the confidence of customers, investors .also this can lead to loss of key talent in organization These effects can be multifold if he is celeb CEO. Like we witnessed 30 go air pilot’s resigned after CEO exit, Reliance Life has taken some hits last financial year when Anup Rau resigned. Sometimes Celeb CEO exit may even effect various cos like ripples were there in some startups when Nikesh Arora resigned. High-profile departures remained a very frequent activity in the start-up ecosystem in India this year. in case of start-up brand equity of the company is mostly dependent on Celeb CEO. When the CEO resigns for reasons unrelated to the business, especially unseemly ones, we can expect some serious financial hurt. In t he current volatile economic ...

Why can’t HR position itself as a Main Business Function?

Human resource is the people science and the most complex as it’s is dealing with the most uncertain creatures i.e. we the humans. Still, this function of HR that is responsible for reward and recognition for other departments is still not getting the due recognition for itself! “Why the Indian HR Ecosystem lags behind the HR ecosystems of developed countries?" Let's try understanding the reason ….. The impacts of globalization in the industry is continuously evolving and consequently pushing all work functions to become in-line. Whereas the primary functions like sales and tech are the first one to get aligned, it poses a lot of challenges for secondary functions like HR to match up the same. Sadly, in accordance to a study, 51% of companies are linking business impact to HR programs. In addition, 60% believe in holding HR accountable for not just talent, but also business outcomes. This indicates that almost half of the HR industry is still in the support/a...