"I think the companies that offer flexibility are going to be able to out-recruit, out-retain, outperform ones that don't... We've been able to unlock pools of talent in ways that we never could have previously." —Drew Houston, Dropbox Co-Founder and CEO On Oct. 25-26, the CNBC Work Summit brought together top minds from business, academia and policy together to discuss the most important issues facing executives today – attracting and retaining top talent, the importance of diversity and inclusion, advancements in workplace technology, labor sentiment and, of course, hybrid work. Register now for Work On Demand where you can watch all the full panels and interviews. |
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| MARTY WALSH, U.S. Secretary of Labor, sees immigration reform and the worker shortage as the biggest threats to the economy. "I'll tell you right now, if we don't solve immigration… we're talking about worrying about recessions, we're talking about inflation. I think we're going to have a bigger catastrophe if we don't get more workers into our society, and we do that by immigration." Read the story |
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FROM ASSISTANT TO CEO: LEADERSHIP LESSONS |
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| RAMONA HOOD, FedEx Custom Critical CEO, took the helm in January 2020 and is incorporating lessons learned during the pandemic into her leadership. "So you think about people starting to work from home, and the interruptions that would happen because they weren't necessarily set up for that environment. Rather, it would be the child that was also at home or the dog that was barking. There was just a lot of grace that we all had for one another in that new environment… I think there's an opportunity to take those lessons learned and take the physical space that you need along with the digital tools that we have and really bring those together in both a remote hybrid type of environment." Read the story |
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LEADERSHIP ON MULTIPLE FRONTS |
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| THE HONORABLE CHRISTINE WORMUTH, U.S. Secretary of the Army, acknowledged recruitments were down 25% partly because of the tight labor market. "We're competing for talent… and the job market is hot right now. Wages have gone up a lot and that's great for Americans, but it's making it harder for us in the Army to compete." Read the story |
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HYBRID WORK IS HERE TO STAY |
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| NICK BLOOM, Stanford University Professor of Economics, emphasized the importance of flexible work to employees. "We've surveyed around 20,000 Americans, and we asked them, 'How much would you value being able to work from home two days a week?' which is typical hybrid. And they said, it's about the same as a seven or 8% pay increase on average." Read the story |
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"The McKinsey Women in the Workplace study came out last week. And this past year, there have been more executive women falling out of the workplace than ever before. And the proportion of women falling out relative to men is greater than it's ever been." —Carolyn Childers, Chief Co-Founder and CEO "Focus on outcomes and be firm on them but be really flexible on approach. I think that's where innovation really comes out… You know exactly what you're trying to achieve, but you foster every possible way to get there so that truly the best idea wins." —Stan Chia, Vivid Seats CEO "If you're ever going into a battle to fight a fair fight, turn around. That's not the way you win a battle, you have to tip the advantage to your side. And that principle applies very much in cybersecurity." —Tamer Hassan, HUMAN Security Co-Founder and CEO "We think about it in from a frame of the new era of work and allowing our employees to be and work where they are most productive, whether that is in the office, remote or a hybrid working relationship." —Iesha Berry, DocuSign Vice President and Chief Diversity and Engagement Officer (CNBC Workforce Executive Council Member) |
"Right now, we are at an incredible moment where actually 71% of the public supports unions. It's the highest in almost 60 years. And it's a moment unlike any other. So I believe we will grow, we will see a continued incline in unionization primarily because of the way the workforce is changing." —Liz Shuler, AFL-CIO President "Even in the lowest-cost restaurant today, having your cashier walk out, that costs the company $7,000 to $10,000. It can cost $2,000 to $3,000 to instead give that cashier career development and education opportunities. And that return on investment only skyrockets as you move out of restaurants into retail, manufacturing, hospitals, health care and financial services." —Rachel Romer, Guild Co-Founder and CEO (CNBC CEO Council Member) "There's a lot of research on the backlash against diversity, equity and inclusion initiatives. I think a lot of orgs are well intentioned, but don't always take a change management lens to driving some of these initiatives. And so with that, you can get folks disengaging from efforts and perhaps misconstruing the intent of efforts. It's really important to lay foundational work… how this is critical to the mission or to the goals of your organization, how this is a set of behaviors and outcomes that you'll be measuring, and holding folks accountable for." —Erin L. Thomas, Upwork Head of Diversity, Inclusion and Belonging |
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Thousands of teams use Airtable to connect data, workflows, and teams. See how a single source of truth can redefine how you work. Learn more at airtable.com/customer-stories. |
| Work is not where you go, it's what you do. People leaders are looking for ways to help workers optimize work from any location, delivering productivity gains, cost savings and a better employee experience. Learn more. |
| There is an urgent need for business leaders to re-define the talent experience to better meet employees' needs. To learn more, read Deloitte's Women @ Work and Gen Z and Millennial surveys. |
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At Prudential, we have a long history of exploring and chronicling the unique financial challenges of Americans. The Prudential Pulse research series explores and uncovers the diverse perspectives and needs of a changing workforce, workplace and economy to inform our mission in expanding access to investing, insurance, and retirement security. |
| We know how important the latest marketplace data is when it comes to powering your recruitment strategy. Click here to learn more about how ZipRecruiter can help with your recruitment strategy or for a free consultation on recent trends and insights in your industry. |
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All panels and interviews are available through Friday, November 11th. Register now to access Work On Demand. |
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