The AFR recently noted that Bosses no longer mind (much) if you work from home and this seems to be driven from a recent survey which noted the top concerns of senior executives included:
- Talent acquisition, retention and re/upskilling to meet a more digitised future
- Digital transformation and optimisation, and extracting organisational value from the investment
- Cybersecurity: dealing with cyber risks.
Employees working from home occupied a health 3rd position in the prior year’s survey, likely due to the unsettling times as a result of covid, coupled with fear of the unknown (FOTU) on remote working.
This year, the issue of remote working has fallen faster than a one-hit wonder on the top 10, and it’s now slipped down to 8th position.
Remote working still exists for many firms, but it has become a normal practice, so it’s no longer the unknown. Coupled with a somewhat return to normalcy in a post covid world, the massive transition into digital has allowed firms to adopt remote working as a normal part of business.
Continuing on with the top 8 issues worrying CEO’s:
- Dealing with evolving regulatory processes, reporting changes and impacts
- The need for greater agility and flexibility to meet opportunities and challenges
- Identifying & growing future market segments and/or innovation opportunities for growth
- Balancing short term versus long term value creation
- Challenges and benefits of working remotely
75% of the survey respondents noted talent acquisition as a primary concern, with this cascading into an inability of firms to re-focus into future proofing the firm, and ensuring longer term profitability.
With the continued upswing in remote working as a result of digitisation, there continues to be high demand for offshore skilled accounting resources for Australian firms.