PwC’s 2019 talent trends report

June 19,2019 0 Rita Ghantous

This year’s 22^nd CEO annual PricewaterhouseCoopers’ global talent trends survey reveals that top executives are increasingly worried about the impact their companies, strategies and activities will have on the environment, local communities and their employees.

Against this background, one somewhat intractable challenge is beginning to stand out: the size and composition of the workforce. Automation brings with it the promise of improved productivity and higher profits, but at what cost to employment and, by extension, to society? What responsibility do corporations have to reskill employees who otherwise would be displaced by technology and what value does reskilling offer an organization?

The new report, Talent Trends: upskilling for a digital world looks at the dilemma facing CEOs and their HR teams in today’s environment and how their businesses can stay ahead. Some of the key findings were:

46% of CEOs’ first priority is reskilling their current workers
These concerns are stifling innovation and raising workforce costs
79% of CEOs worry about the availability of key skills, which a ‘top 3’ concern
Roughly 70% believe lack of data to inform workforce improvement strategies is still an issue
55% of business leaders haven’t created a clear narrative about the future of their workforce and automation

pwc.com/talent-trends-ceo-survey

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About author

Rita Ghantous

Publication Executive

Rita Ghantous is a hospitality aficionado and a passionate writer with over 9 years’ experience in journalism and 5 years experience in the hospitality sector. Her passion for the performance arts and writing, started early. At 10 years old she was praised for her solo performance of the Beatles song “All My Love” accompanied by a guitarist, and was approached by a French talent scout during her school play. However, her love for writing was stronger. Fresh out of school, she became a freelance journalist for Noun Magazine and was awarded the Silver Award Cup for Outstanding Poetry, by The International Library of Poetry (Washington DC). She studied Business Management and earned a Masters degree from Saint Joseph University (USJ), her thesis was published in the Proche-Orient, Études en Management book. She then pursued a career in the hospitality industry but didn’t give up writing, that is why she launched the Four Points by Sheraton Le Verdun Newsletter. Her love for the industry and journalism led her to Hospitality Services - the organizers of the HORECA trade show in Lebanon, Saudi Arabia, Kuwait and Jordan, as well as Salon Du Chocolat, Beirut Cooking Festival, Whisky Live and other regional shows. She is currently the Publications Executive of Hospitality News Middle East, Taste & Flavors and Lebanon Traveler. It is with ultimate devotion for her magazines that she demonstrates her hospitality savoir-faire.