Many businesses and their employees feel frazzled, tired of running flat out to adapt to crises of economy, health and geopolitical turmoil. But now is time to focus back on people matters and reward tops the list. We must now reacquaint with the basics of what engages and incentivises people, what measures and levers retain and attract essential skills and talent and set a future vision in which businesses are vibrant and dynamic and employees are sustainably and equitably rewarded.
We can’t put a tidy up off any longer, before diving into 2024, having a view of where you want to move to before you lift the lid is key. Assuming no more major crises of an economic, health, or military nature - and who knows how realistic that is - the focus for 2024 will be on fronting out the issues that have been sitting in the too-hard box for the last few years. We’ve all been so busy chasing our tails that we haven’t had the luxury of being strategic. However, with time horizons for change shrinking by the decade, we can’t afford to wait for the waves to catch us...
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