Business Leaders Expect Protracted Recovery and a Changing Business Landscape

Toronto – Business leaders across North America are expecting a protracted recovery and foresee a changing landscape for the future, according to surveys of several hundred North American executives conducted by retained executive search firm Caldwell.

Caldwell has been hosting weekly virtual roundtables with several hundred executives across Canada and the United States since the beginning of the COVID-19 pandemic.

“These calls started 15 weeks ago as a weekly opportunity for Canadian chief human resources officers to share experiences and discern best practices in the face of unprecedented and rapidly changing circumstances,” said Les Gombik, a managing partner at Caldwell and the leader of the calls. “They have evolved into a weekly leadership forum attended by board directors, chief executive officers and C-suite executives across North America, addressing topics that range from how to plan for the future with uncertain timelines, how boards can support management teams in challenging times such as this, the ways in which work as we know it is evolving, the economics of the recovery, preserving wealth in a downturn, and more recently the events unfolding around the globe with regard to the racial divide and the growing push for equality and inclusion.”

Gombik continued: “Additionally, we’ve started asking polling questions in the last few calls about expectations for a return to pre-COVID levels, remote working arrangements, diversity and inclusion, the future of business travel, organizational strategy and board compensation. It’s been fascinating to get this real-time insight from hundreds of executives representing more than 2 million employees across North America.”