Subj : Many tech CEOs "would rather quit" than help lead workforce trans
To   : All
From : TechnologyDaily
Date : Mon Nov 25 2024 12:15:05

Many tech CEOs "would rather quit" than help lead workforce transformation

Date:
Mon, 25 Nov 2024 12:01:10 +0000

Description:
Many CEOs are so resistant to change and company transformation that theyd 
rather just quit their jobs, survey finds.

FULL STORY
======================================================================Two in 
five leaders are conservative leaders unwilling to lead a transformation For 
many, company transformation is just a tool to implement layoffs The wrong 
approach is causing anxiety, report finds 

Many tech CEOs are so put off by workplace transformation that theyd rather 
quit, new research has found. 

A survey of 700 senior decision-makers from large organizations by Orgvue 
found that nearly two-fifths (38%) of CEOs would rather resign than lead a 
large-scale workforce restructuring. 

Alarmingly, less than a third (29%) of CEOs would be willing to lead 
significant restructuring efforts, and fewer still (25%) would be prepared to 
challenge and break down traditional hierarchies and management tiers in the 
name of efficiency. CEOs are not prepared to lead transformation efforts 

Often seen as a cost-cutting tool associated with company layoffs, three in 
five see human emotion as a key driver behind workforce transformation as 
opposed to rational analysis. 

A similar number (63%) agreed cost-cutting was the primary motive behind 
their transformation, with three-quarters (74%) prepared to go through the 
transformation process to facilitate this. 

Concerningly, two-thirds (64%) of CEOs also stated they would rather make 
workers redundant than miss earnings targets. 

Organisations are taking the wrong approach to transformation, creating 
anxiety around these large, arduous, risky projects that invariably dont 
return the cost savings they promise," noted Orgvue CEO Oliver Shaw. 

The research splits CEOs into one of two categories  conservative leaders who 
would rather quit than go through transformation represent two in five CEOs. 
An overwhelming majority (97%) of agile CEOs  those with an opposing view  
are willing to lead major restructuring projects. 

Shaw added: Encouragingly, the research shows theres a cohort of CEOs that 
see transformation in a different way and theyre more willing to lead major 
restructuring programs as a result. They see transformation as a continuous, 
iterative process that takes the pain out of organisational change and makes 
it more sustainable. 

Looking ahead, the company identified three key barriers that leaders must 
overcome in order to move their company into the next era  resistance to do 
the hard thing, resistance to change and a lack of shared vision. You might 
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======================================================================
Link to news story:
https://www.techradar.com/pro/many-tech-ceos-would-rather-quit-than-help-lead-
workforce-transformation


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