Now that we’ve crossed into November, the end of the year is starting to come into view. It’s crazy to think about, but by early 2022 (March 11, to be exact), we’ll be at two years since COVID-19 was officially declared a pandemic by the World Health Organization.
How are businesses feeling as we near that 24-month mark? Leaders seem to be fairly optimistic, with two-thirds of CEOs saying they expect “very strong” or “strong” growth in the coming 12 months, according to a recent survey from Deloitte and Fortune.
These same corporate leaders identified “labor/skills shortage” as the top external issue that will influence or disrupt their business strategy over the next 12 months. We’ve touched on the “Great Resignation” trend a number of times on our Trending Topics page, and it definitely seems to be on the mind of CEOs right now.
All of this seems to put mobility in a strong spot heading into 2022. Organizations are expecting to grow, and they’re very aware of the challenges presented by the current talent environment. With international travel potentially set to rebound next year as well, might we see more companies get creative in addressing talent needs across the globe? Things like rotational assignments (or “virtual assignments”) could be key strategic tools.
How are you feeling about the year ahead? We’ve been asking mobility leaders about what they see as key priorities and trends for 2022. If you haven’t yet taken our survey, please feel free to tell us what’s on your mind.
Even so, a strong majority of CEOs continue to have a bullish outlook, with only a minor downsizing in expectations for growth. Down from 77% in June 2021, two-thirds of CEOs expect their organization’s growth to be “very strong” or “strong” over the next 12 months. Just less than a third expect “modest” growth, and a fractional 3% expect “weak” growth. Approaching two years into the pandemic, depending on geography, perhaps CEOs are confident that their organizations have already adjusted and adapted to a “new normal” marked by the enduring uncertainty of COVID-19.