Radical shift of 2023 priorities: from CXOs desk

Posted 15th Feb 2023 by Impeccable HR

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.
 

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.

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.

Reimagining & Reinventing future works

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