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Some of Bardens’ Financial Service practice recently attended the first event of the AIBs Business Leaders Live series for 2022.
The event included a great discussion by some leading professionals in business across Ireland and delivered some excellent insights into the key business trends for the year ahead. Here the teams share their key takeaways from the event…
The Economy
First up Tom Standage, Deputy Editor & Head of Digital Strategy at The Economist and Editor of The World Ahead, spoke about the economy and highlighted how some common themes are affecting the economy, globally, internationally and in Ireland today, including:
- The future of how we work is emerging. The pre-pandemic world is gone and the next year will continue to look like it has over the past 2 years…unpredictable! Businesses may see that there is a disparity in what employers and employees want.
- The Pandemic has forced entire industries to learn to adapt and it has worked well. Many companies are seeing an increase in productivity as the way we work has changed throughout the pandemic. Hybrid working will become common place across industries however, it won’t work for all and it must be remembered that only 50% of work force can work at home.
- A change in the recruitment market is also a key business trend in 2022. Being able to hire people remotely is improving work life balance. Companies who don’t adapt to this new way of doing business with employees are going to lose out. ‘The great resignation’, a term coined in the US, will dominate as record numbers are leaving their roles with better offers elsewhere. It is a candidate market right now.
Brexit
Tom continued by discussing how Brexit & greater geopolitical uncertainty will play a key role in 2022. Brexit is impacting