Talent risks topped pandemic-related concerns, including supply chain disruptions and inflationary pressures, according to the survey of 254 senior executives across industry and geography, conducted in the fourth quarter of 2021.
Organizations continue to struggle with questions related to a timeline for returning employees to the office and developing new working models, including remote and hybrid, to satisfy their workforce. The potential consequences of an inadequate talent strategy this year could lead to multiple organizational disruptions.
A historically high quits rate indicates that employees are willing to pursue better value propositions, particularly related to flexibility and pay. Constant turnover can lead to a degradation of workplace culture and loss of institutional knowledge. Finally, organizations may also face a lack of skilled workers to deliver on strategic initiatives, such as digital transformation, if unable to attract and retain potential employees.