COVID-19 has disrupted the future of work. The global embrace of remote work has fast-tracked cultural changes and expectations about the future office. According to a study conducted by IBM, the ‘anywhere’ workforce is the top challenge for many CEOs until 2023. Leaders are now prioritizing technology, talent, and partnerships to position their companies for success post the COVID-19 pandemic. In this article at TechRepublic, Esther Shein shares the insights of the IBM study.
Challenges and Priorities of CEOs
Empowering a Remote Workforce
The report indicates that employee expectations have significantly changed. Business leaders are now required to provide agile technology to their ‘anywhere’ workforce. Additionally, they must adopt empathetic leadership models that prioritize employee well-being and embrace flexible and inclusive organizational cultures. Nearly 77% of outperforming company CEOs reported that they are focusing on employee well-being even if it affects near-term profitability.
Technological factors are among the most important external forces that will affect the business, says the survey. CEOs believe that AI, robotic process automation, cloud, machine learning, advanced analytics, and IoT are the top technologies that deliver business benefits. However, addressing the blind spots of underperformers is a significant challenge for many CEOs, indicates the report.
According to the study, nearly 63% of CEOs revealed that partnerships are crucial in driving business growth. They are relying on their partners to access broader ideas and innovation opportunities. Business leaders believe that fostering collaborative culture is the key to increasing productivity, better work-life balance for staff, and employee engagement. “As many leaders increasingly see how their organizations can help address interconnected global issues like climate change, ecosystems may be able to play a pivotal role in driving lasting change,” says Shein quoting the survey.
To read the original article, click on https://www.techrepublic.com/article/ceos-are-challenged-to-manage-an-anywhere-workforce/.