A new survey by accounting and consulting giant PwC finds that 77% of C-suite executives say retaining talent is important for growth, but 31% say they plan to revisit compensation increases.
AFP via Getty Imagesf all the many concerns top executives see as their biggest risks for 2022—a disrupted global supply chain, new Covid-19 variants, rising inflation or government regulatory changes—none ranks higher than their talent acquisition and retention challenges, according to aYet despite worries about talent shortages, and 77% of executives saying that hiring and retaining talent is “very important” to their growth, less than a third said they had implemented and were planning to...
Even if companies revisiting such policies ultimately decide to keep them in place, the survey appears to show that business leaders are at an inflection point, cautious about making long-term commitments to some of the more challenging or costly measures they’ve had to implement so far. One topic “we’re hearing [about] consistently from executives is the wage increases, and their impact on the cost basis. Depending on the industry, it could have a meaningful impact on their [profit & loss] statement.”
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