{"id":3125,"date":"2023-10-18T15:39:37","date_gmt":"2023-10-18T13:39:37","guid":{"rendered":"https:\/\/www.bookkercorp.com\/2023\/10\/18\/telework-and-the-future-what-do-ceos-think\/"},"modified":"2024-01-23T13:14:37","modified_gmt":"2024-01-23T11:14:37","slug":"telework-and-the-future-what-do-ceos-think","status":"publish","type":"post","link":"https:\/\/www.bookkercorp.com\/en\/telework-and-the-future-what-do-ceos-think\/","title":{"rendered":"Telework and the future: what do CEOs think?"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Large technological companies, industry experts, teams. We have already addressed the <strong>teleworking<\/strong> debate from various angles, but what do <strong>company managers think<\/strong>? Are teleworking&#8217;s days numbered in companies?<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>According to the <a href=\"https:\/\/kpmg.com\/xx\/en\/home\/insights\/2023\/09\/kpmg-global-ceo-outlook-survey.html#economicoutlook\" target=\"_blank\" rel=\"noreferrer noopener\">latest survey by the consulting firm KPMG Spain<\/a>, <strong>three out of four<\/strong> Spanish CEOs (78%) expect that, in three years, the <strong>fully face-to-face<\/strong> <strong>work model<\/strong> <strong>will be recovered<\/strong>. <\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>In fact, <strong>89% of Spanish CEOs<\/strong> would be willing to <strong>reward<\/strong> through compensation, salary increases or promotions those <strong>professionals<\/strong> who make the effort to <strong>return to the office<\/strong>.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>It seems that the <strong>end of teleworking<\/strong> is one of the medium-term forecasts of Spanish managers. This is reflected in this report which, beyond analyzing their opinions about remote work, offers an in-depth look at the <strong>perceptions and strategies of more than 1,300 global business leaders.<\/strong><\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Growing in uncertain times<\/h2>\n\n\n\n<p><\/p>\n\n\n\n<p>According to KPMG, despite the vagaries of <strong>international politics<\/strong> and <strong>fluctuating trade dynamics<\/strong>, confidence in the global economy remains almost unchanged year after year, even surpassing pre-pandemic confidence levels. <\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Compared to 71% in 2022, this year the number of <strong>global CEOs who are confident about the economy<\/strong> is up <strong>3 percentage points<\/strong>. Nearly three out of four CEOs do so for the next three years. This reflects a clear resilience and collective focus to return the world to a long-term sustainable growth trajectory. <\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>However, when asked about their <strong>confidence<\/strong> in the <strong>growth prospects of their own companies<\/strong>, the response is not as positive. This confidence is at its <strong>lowest level since the last three years<\/strong>. In 2020, 85% of CEOs were confident in their growth; <strong>now, only 77% are<\/strong>. <\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The changing role of telework<\/h2>\n\n\n\n<p><\/p>\n\n\n\n<p>As <strong>Nhlamu Dlomu, Global Head of People at KPMG International<\/strong>, points out, the report&#8217;s data highlights the <strong>great pressure<\/strong> on senior management to make <strong>quick decisions<\/strong> on <strong>talent<\/strong> and human resources issues. From retention and recruitment to <strong>work models: hybrid, face-to-face or telecommuting.<\/strong> <\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>In the midst of these challenges, an interesting trend emerges: <strong>resistance to teleworking.<\/strong> Despite the benefits of hybrid and remote work experienced during the pandemic, <strong>64% of global CEOs<\/strong> anticipate a full <strong>return to the office<\/strong> in the next three years. Rewards for employees willing to physically return to the workplace are also at stake, reaffirming the persistence of an office-centric mindset.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><a href=\"https:\/\/www.bookkercorp.com\/en\/farewell-to-teleworking-the-return-to-the-office-continues-to-raise-hackles\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.bookkercorp.com\/en\/farewell-to-teleworking-the-return-to-the-office-continues-to-raise-hackles\/\" rel=\"noreferrer noopener\">The debate between teleworking and returning to the office continues to raise hackles.<\/a> While it is true that some consider that the <strong>hybrid work<\/strong> has had a very positive impact on the <a href=\"https:\/\/www.bookkercorp.com\/en\/telework-and-productivity\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>productivity<\/strong><\/a> for the last three years and has a strong <strong>employee support<\/strong>, especially among young people, managers are increasingly opting to do away with this 100% remote mode. <\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Therefore, as organizations continue to implement their back-to-office plans, it is crucial that the <strong>leaders<\/strong> adopt a <strong>long-term vision<\/strong> that takes into consideration the <strong>employee value proposition <\/strong>and cover their needs to ensure that they are <strong>nurture and support talent<\/strong>.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Generative AI in large companies<\/h2>\n\n\n\n<p><\/p>\n\n\n\n<p>Generative AI is an increasingly hot topic in boardrooms, and leaders are looking to <strong>better understand its potential and how to implement this technology into their business strategies<\/strong>. The challenge? Invest strategically and have the right skills to take full advantage of the opportunities it presents.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>As tools such as <strong>Bard and ChatGPT<\/strong> have gained prominence, global CEOs are increasingly recognizing the seemingly limitless potential of generative AI and are keeping their foot on the gas in terms of <strong>investment and exploration of the technology<\/strong>.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Global CEOs are making generative AI a top investment priority. The survey shows that <strong>70% are investing in generative AI as their competitive advantage for the future<\/strong>, and 52% expect to see a return on their investment in three to five years. <\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>But despite a willingness to press ahead with their investments, global CEOs recognize that emerging technologies can introduce risks that must be addressed. The <strong>57%<\/strong> consider <strong>ethical challenges<\/strong> to be their top concern when it comes to implementing generative AI, followed closely by those who feel it is the lack of regulation. Not to mention the security risks\u2026<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Although <strong>AI can help detect cyber attacks<\/strong>, the <strong>82% believe it could also create new dangers<\/strong> by providing new attack strategies for adversaries. And even with all the attention that has been paid to cybersecurity in recent years, <strong>more than a quarter (27%)<\/strong> of CEOs <strong>are still unprepared for a potential cyberattack.<\/strong><\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Telework and the future: reflections of the report<\/h2>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Technology, talent, ESG.<\/strong> In a world where politics, technology and societal expectations are constantly changing, <strong>CEOs are carefully balancing<\/strong> between <strong>adapting and anticipating these transformations.<\/strong> Confidence in the global economy and investment in emerging technologies coexist with a rethinking of telecommuting and a renewed focus on sustainability.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>The big question that emerges from the <strong>KPMG 2023 CEO Outlook<\/strong> is whether, in this complex and dynamic landscape, <strong>telework will be a permanent feature of the future of work<\/strong> or whether we are witnessing the last days of this widely adopted mode of work during the pandemic. Only time, and the continued adaptation of companies to a changing world, will reveal the answer.<\/p>\n\n\n\n<p><br>If you want to know more about the views of executives, we share the link to the full report: <a href=\"https:\/\/kpmg.com\/xx\/en\/home\/insights\/2023\/09\/kpmg-global-ceo-outlook-survey.html#disruptivetechnology\" target=\"_blank\" rel=\"noreferrer noopener\">KPMG 2023 CEO Outlook.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Large technological companies, industry experts, teams. We have already addressed the teleworking debate from various angles, but what do company managers think? Are teleworking&#8217;s days numbered in companies? According to the latest survey by the consulting firm KPMG Spain, three out of four Spanish CEOs (78%) expect that, in three years, the fully face-to-face work [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":3123,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[54],"tags":[],"wf_post_folders":[22],"class_list":["post-3125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bookker-blog-en"],"_links":{"self":[{"href":"https:\/\/www.bookkercorp.com\/en\/wp-json\/wp\/v2\/posts\/3125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bookkercorp.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bookkercorp.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bookkercorp.com\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bookkercorp.com\/en\/wp-json\/wp\/v2\/comments?post=3125"}],"version-history":[{"count":2,"href":"https:\/\/www.bookkercorp.com\/en\/wp-json\/wp\/v2\/posts\/3125\/revisions"}],"predecessor-version":[{"id":3399,"href":"https:\/\/www.bookkercorp.com\/en\/wp-json\/wp\/v2\/posts\/3125\/revisions\/3399"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bookkercorp.com\/en\/wp-json\/wp\/v2\/media\/3123"}],"wp:attachment":[{"href":"https:\/\/www.bookkercorp.com\/en\/wp-json\/wp\/v2\/media?parent=3125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bookkercorp.com\/en\/wp-json\/wp\/v2\/categories?post=3125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bookkercorp.com\/en\/wp-json\/wp\/v2\/tags?post=3125"},{"taxonomy":"wf_post_folders","embeddable":true,"href":"https:\/\/www.bookkercorp.com\/en\/wp-json\/wp\/v2\/wf_post_folders?post=3125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}