The majority of South African CEOs see their employees returning to the office full-time over the next three years, according to new data from KPMG’s most recent CEO outlook study, and none of them view entirely remote work as a permanent fixture.
In order to give insight into their three-year vision on the business and economic landscapes, including South Africa, the annual study, which is produced internationally, draws on the opinions of 1,325 CEOs across 11 markets.
In the next three years, 76% of South African CEOs, compared to 65% internationally, still see workers working in the office full-time. Only 24% of the local CEOs said that hybrid working arrangements may persist within the same time period.
However, the report discovered that not a single CEO in South Africa believes that full-time remote working arrangements are a practical choice for their individual businesses, indicating that South African CEOs would prefer to have their workforce return to working full-time in the office within the next three years.
On the other hand, 38% of worldwide CEOs agree that hybrid working would be a component of their firms’ employment structure, while 7% of CEOs globally envision entirely remote working arrangements as the model of the future.
Given the difficulties businesses in South Africa will encounter over the next three years, KPMG CEO Ignatius Sehoole observed that these results are not surprising.
“I can understand why South African CEOs don’t see fully-remote employee arrangements working in the country, as South Africa is expecting, and is experiencing at this moment, rampant load shedding throughout the rest of 2022 and well into 2023. While employees may want to see an adoption of hybrid and fully remote working in the workplace, power instability and ailing infrastructure in South Africa are steering businesses away from it.”Ignatius Sehoole, CEO, KPMG
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