To craft the report, the consulting firm surveyed more than 12,200 C-suite executives, HR leaders, employees and investors regarding workforce trends they are experiencing and anticipating. The sample included leaders in the healthcare industry.
Sixty-three percent of executives indicated that they believe “jobs, not people, should be made redundant” — although less than one-third are confident that they can successfully team up humans and machines. HR leaders are investing in both technology (43% said they are doubling down on AI investments, while 39% said the same of digital transformation) and employees (40% said they are focused on reskilling) to prepare for the future. Notably, one in five shared plans to reduce their workforce in 2024: down from one quarter of respondents in 2022.
At least 15% of human resources leaders indicated that the following items are on their 2024 agenda, and are believed to drive business growth (50% of leaders said the same of the first four items):
1. Enhancing the employee experience/employee value proposition to attract and retain top talent
2. Investing more in benefits to improve physical/mental health
3. Improving workforce planning to better inform buy/build/borrow strategies
4. Improving their HR/people analytics capabilities
5. Redesigning work to incorporate AI and automation
6. Enhancing/modernizing rewards practices
7. Investing more in benefits related to retirement savings and financial wellbeing
8. Designing talent processes around skills
9. Improving people managers’ capabilities
10. Investing in talent assessment and employee skills development
11. Improving sustainability/ESG (environmental, social and governance) accountability, metrics, reporting
12. Combating increased health and benefit costs
13. Rolling out new HR tech/optimizing existing platforms
14. Delivering on DEI goals
15. Redesigning their work operating model for increased agility
16. Optimizing the HR service delivery model
17. Putting sustainability/ESG at the heart of their business agenda
18. Delivering on the World Economic Forum’s Good Work standards
19. Cultivating a digital-first culture
20. Restructuring, downsizing and/or significant M&A activity
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
