The global economy is facing unprecedented challenges, leading to heightened pessimism among CEOs. A 2023 McKinsey report highlights the importance of prioritizing transformation to achieve long-term success. Building personal and organizational resilience is crucial for navigating economic instability and thriving amid disruptions. In light of these challenges, CEOs and CHROs should focus on adaptability with an emphasis on the people implications of each strategy. Here are five people-centric strategies supported by real-world examples, actionable steps, and expert insights.
Cultivate a Strong Organizational Culture
A people-first approach to organizational culture can greatly impact employee retention. CEOs and CHROs must devise innovative incentives to attract and retain talent amidst economic challenges. One way to do this is to ensure mentorship and training programs are focused on supporting employee growth and development. Google's "Googler-to-Googler" prog…
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