This report from Protiviti examines the top risks currently on the minds of boards of directors and senior executives around the globe. It finds that organisation's succession challenges and ability to attract and retain top talent in a tightening market emerges as the top risk, while rising labour costs are an elevated concern and are affecting organisations' ability to meet profitability targets. Moreover, the research shows that the state of labour market and the expected adoption of artificial intelligence (AI), automation in all its forms and other technologies are such that significant efforts will be necessary to upskill and reskill existing employees over the next decade.
In addition to insights about near-term risks in 2023, the report also explores how these risks will affect organisations a decade from now in 2032, suggesting that waiting to recognise and plan for longer-horizon risks may put an organisation in catch-up mode, if its not too late already to react.
