What is the story about?
What's Happening?
Recent research from Gartner indicates a shift in CEO priorities, with 56% of CEOs focusing on company growth rather than workforce concerns, which ranks fifth on their list of priorities. This shift places increased pressure on HR leaders to address employee needs and manage workloads to prevent burnout and turnover. Despite the emphasis on growth, 73% of CEOs are not planning to expand their workforce, according to The Conference Board. HR leaders are advised to model the real cost of growth and connect employees with growth-oriented opportunities, while also integrating AI to alleviate managerial workloads.
Why It's Important?
The shift in CEO priorities towards growth over workforce concerns has significant implications for HR departments. As companies focus on growth without expanding their workforce, HR leaders must find ways to support employees and prevent burnout. This situation could lead to increased employee turnover and dissatisfaction if not managed properly. Additionally, the integration of AI in the workplace presents both opportunities and challenges for HR, as it can streamline processes but also requires careful management to ensure it benefits employees.
What's Next?
HR leaders are expected to develop strategies to address the challenges posed by the shift in CEO priorities. This includes modeling the cost of growth, identifying potential hotspots for employee dissatisfaction, and leveraging AI to improve productivity and employee well-being. HR departments may also need to advocate for employee needs at the executive level to ensure that workforce concerns are not overlooked in the pursuit of growth.
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