January 17, 2024
CEOs remain optimistic about short term growth, quarter are planning to replace people with AI
The proportion of CEOs who believe global economic growth will improve over the next 12-months has more than doubled. At the same time, the proportion of CEOs concerned about their long-term business viability has risen to 45 percent as tech and climate pressures accelerate, according to PwC’s 27th Annual Global CEO Survey. However the survey, published to coincide with the annual World Economic Forum jamboree in Davos, also reports that artificial intelligence will result in dramatic job losses in 2024 and beyond. A quarter intend to cut their headcounts by at least five percent “due to generative AI. (more…)
Monica Parker joins Mark Eltringham to share an Old Fashioned while discussing how to find wonder in the everyday, the limits of workplace design, our renewed obsession with productivity, how to achieve flow states in a world of distractions and what it means to be truly happy. There’s not much workplace news around right now as people are still finding their feet after Christmas, so we also explore some lessons we might take from the Post Office scandal about how organisations go wrong and the role of human nature in creating toxic cultures. 
Nobody seems to be calling it The Great Resignation any more, but two-fifths (40 percent) of the UK workforce are planning to move jobs in 2024, with one in six already beginning their search as staff look to boost their pay packet, according to the latest Candidate Sentiment Survey statistics produced by recruitment firm Robert Half. The survey’s authors claim these statistics demonstrate the resilience of the labour market as more candidates look to capitalise on skills shortages to boost earnings. Those aged 18-34 are more likely to move roles than any other age group (56 percent). 
A new poll claims that over one quarter (26 percent) of employees in the UK do not trust their CEO to be open and honest, while 24 percent do not trust their senior leadership to do the same. According to the survey of 2,000 employees in the UK from Personio, transparency and employer-employee communication are pivotal to a positive employee experience and trust in the workplace. The research suggests that feeling unheard by leadership could be fuelling employees’ distrust. Over a quarter (28 percent) of employees surveyed say that they are not given a chance to share feedback to leadership on their experiences. Meanwhile, less than half (46 percent) of employees feel that leadership in their organisation actually listens and acts on any feedback when given from staff. 
Gossiping at work can have serious negative impacts on your career, according to new research by Durham University Business School and NEOMA Business School. Not only are gossipers frowned upon by other work colleagues, they also become socially excluded in the company, and can experience negative career-related impacts as a consequence of their storytelling. 
