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Greetings from Mercer!
2023 will be a complicated year for businesses as it faces both completely new and strangely familiar risks. Organizations find no respite from the rising inflation and the high interest rates, energy crisis, geo-political issues and funding winter, compelling them to continue undergoing improbable amount of changes from past years. Organizations would need to be resilient, relevant, and ready for unprecedented adversities to stay stronger together giving way for creation of newer ecosystems for them to thrive.
For the workforce, 2023 has started off with jitters as many tech giants have announced massive layoffs on account of future growth corrections and corresponding rushed hiring. Corporate leaders will continue to face a war for talent as baby boomers retire and businesses adapt not only to the “most” generation – Gen Z but to Gen AI as well. Upskilling and reskilling would be further intense for both employees and employers to remain relevant.
Global and corporate leaders at the 2023 World Economic Forum Annual Meeting taking place in Davos exchanged views on variety of topics ranging from Economy, Ukraine-Russia war, Trade, Climate, Future of Work etc. – all with a focus on how to tackle the biggest challenges of 2023.
The 2023 WEF provided hope that it’s not that bad as it is perceived. It may be another difficult year, but also, a beginning to rediscover ourselves as an organization and as an individual. As they say, when the going gets tough, the toughest gets going.
Gaurav Goyal
M&A Advisory Business Leader
Mercer India
Today, organizations have to constantly re-calibrate their business strategy to stay relevant. On the other hand, employees have now got more power to negotiate and dictate the terms and conditions of their employment. Read more about Employee Experience in this article.
Indian and global markets have seen an increase in public offerings over the past few years and the trend is expected to continue. Announcing an Initial Public Offering (IPO) or merging with a Special Purpose Acquisition Company (SPAC) is a once in a lifetime event for an organization and requires diligent planning and execution on many fronts. Learn more about the key considerations for HR as the organization embarks on the IPO journey.
In this episode, we speak about the current economic situation and the potential impacts on the business and people agendas in 2023.
Amelia Hadfield the Head of the Department of Politics, Dean International at the University of Surrey
When a leading global food and beverage manufacturer realized it needed to streamline its global mobility program and ensure visibility for all stakeholders involved, it turned to Mercer, its trusted provider of global mobility data solutions. Download the full case study
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