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    Half of Workers Around the World Are Struggling with Burnout

    New Study from BCG Reveals That When Employees Feel Included at Work, the Likelihood of Burnout Is HalvedReport Highlights Four Key Employee Sentiments That Have the Biggest Impact on InclusionBOSTON—At some point in their careers, most, if not all, employees around the world have likely experienced symptoms of burnout at work—a state of exhaustion characterized by disenchantment with one’s job and a sense of inefficiency. A new report released today by Boston Consulting Group (BCG) reveals that, on average, 48% of workers from eight countries indicate that they are currently grappling with burnout.

    BCG Appoints Dr. Nikolaus Lang Global Leader of BCG Henderson Institute

    Dr. Lang Has Led Firm’s Global Advantage Practice and Is Honorary Professor at University of St. Gallen, Bridging Business and Academic WorldsNew Leader Plans to Broaden Institute’s Global Presence with a Focus on Mega-Themes Such as Geopolitics, Macroeconomics, AI/Gen AI, Energy Transition, and TalentBOSTON—Boston Consulting Group (BCG) today announced that Dr. Nikolaus Lang has been appointed as the new global leader of the firm’s think tank, the BCG Henderson Institute (BHI). The Institute carries forward the legacy of BCG’s founder, Bruce D. Henderson, who pioneered the field of corporate strategy and developed concepts such as the Experience Curve and the Growth-Share Matrix.
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    Process Industries Must Act Now to Close the Talent Gap

    To grow, process industries must expand their workforcesCountries worldwide are seeing the tightest labor markets in 20 yearsProcess companies are facing a wave of retirementsFew in younger generation are looking for careers in industryBOSTON—Process companies, in sectors including metals, mining, chemicals, building materials, paper and packaging, and agriculture, need to expand their workforce significantly to sustain growth. However, in 2022 and 2023 many economies worldwide experienced the tightest labor market conditions in two decades. Singapore had 1.9 more job openings than job seekers in 2023. the ratio in the US was 1.5 times, and in Japan it was 1.3. These are among the findings of a new report published today by Boston Consulting Group (BCG), titled Four Ways Process Industries Can Break Out of the Talent Trap.
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    83% of Companies Rank Innovation as a Top-Three Priority, Yet Just 3% Are Ready to Deliver on Those Innovation Goals

    BCG’s 18th Annual Innovation Study Reveals That “Innovation Readiness” Across Companies Has Declined 17 Percentage Points Since 2022More Than Half of Executives Cite an Unclear Strategy as a Top-Three Challenge for Their OrganizationAlthough 86% of Organizations Are Experimenting with GenAI for Innovation, Only 8% Are Applying GenAI at ScaleBOSTON—Companies are prioritizing innovation more than ever before—yet they’ve never been less prepared to deliver on those aspirations. This year, a record 83% of senior executives rank innovation among their organizations’ top three priorities. However, according to a new report released today from Boston Consulting Group (BCG), just 3% of companies in 2024 qualify as “innovation ready”—a steep drop from 20% as recently as 2022.