Hiring decisions pushed back amid uncertainty, people leaders say

Meanwhile, the report also revealed that workforce expectations are changing following the arrival of younger workers in the labour market.

CPOs said deeper social and psychological shifts are affecting the workplace, such as rising mental health concerns and growing value polarisation within the workplace.

“Technology is perceived as continuing to amplify these trends, changing how people work, communicate and connect with organisations,” the report read.

“In response, some people leaders are calling for a renewed emphasis on collective values, re-establishing shared purpose, and team cohesion.”

Top priorities for organisations

Amid these trends, the top priority for organisations for the year ahead is reviewing organisational structure and job design, which is cited by 53% of the respondents.