KPMG's 2024 CEO Outlook Survey saw AI, the election, and interest rate cuts as key issues the world's biggest business leaders are watching. KPMG CEO Paul...
saw AI, the election, and interest rate cuts as key issues the world's biggest business leaders are watching. KPMG CEO Paul Knopp joins Catalysts to discuss the results of the survey and how chief executives across industries are feeling about the overall state of the economy.
On the hiring front, Knopp notes that the labor market is"very dynamic." He notes that CEOs are concerned about the aging workforce and less students going to college, explaining that these factors will impact the labor force and keep it"somewhat imbalanced and somewhat tight." Knopp adds that talent is a key issue for CEOs as they look to reskill and upskill their employees around generative AI.
As AI becomes widely adopted, CEOs are also concerned about the risk of cyberattacks. Knopp explains"we have to have amazing awareness of what's happening to make sure that our employees and all of us do not get caught up in cybercrime. And so it's really important to make sure that you have preventative measures in place, as well as the detective measures we've historically had. But the technology that's out there, right now, is really great.
So there's definitely all that at play right now, and we're trying just to make sure that we have the right talent to sustain great business operations for years in the future, we've increasingly heard from CEO S, uh, in in in an election year that is expected to be extremely vitriolic.
We have to have amazing awareness of what's happening to make sure that our employees and all of us do not get caught up in, uh, cyber crime.
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