Faced with significant transformation plans and ever advancing technology, 99 percent of CEOs report taking action to develop existing or future talent.
In line with these findings, most CEOs report some level of skills gap emerging. Over 50 percent report skills gaps in key business functions. “CEOs must now look to attract and retain an entirely new breed of worker,” says Nhlamu Dlomu, Partner, People & Change, KPMG in South Africa. “One who is accustomed to change and comfortable taking the helm on mission-critical issues that CEOs themselves may not have the time or experience to personally own.
Giving employees the chance to innovate and work in an entrepreneurial or collaborative environment is seen as the most effective way to attract new employees (37 percent said this). Non-financial incentives are seen as the best way to retain employees (39 percent said this).
KPMG’s 2016 Global CEO Outlook study provides a vivid image of global CEOs’ expectations for business growth, the challenges they face and their strategies to chart organizational success. And this time round it includes a South African viewpoint.
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