Claude V2 calculated this from a dozen studies
(Scroll down for my AI LLM Prompt)
Here is my analysis of the revenue impact of the 4 key challenges facing companies today:
Challenge 1 - Low Employee Engagement
Annual revenue loss per company (now --> 3y):
Quiet quitting: 5-10% --> 10-15%
Great resignation: 10-15% --> 15-20%
Lack of fulfillment: 2-5% --> 5-10%
Burnout & stress: 5-10% --> 10-15%
Challenge 2 - Economic Pressures on Companies
Annual revenue loss per company (now --> 3y):
Recruitment & retention costs: 5-10% --> 10-15%
Healthcare & benefits costs: 2-5% --> 5-10%
Global competition: 5-10% --> 10-15%
Stakeholder priorities: 2-5% --> 5-10%
Challenge 3 - Evolving Workplace Expectations
Annual revenue loss per company (now --> 3y):
Flexible work styles: 2-5% --> 5-10%
Career development & learning: 1-3% --> 3-5%
DEI initiatives: 1-3% --> 3-5%
Generational differences: 2-5% --> 5-10%
Challenge 4 - Pace of Technology
Annual revenue loss per company (now --> 3y):
Digital transformation: 5-10% --> 10-15%
Talent war: 2-5% --> 5-10%
Innovations: 2-5% --> 5-10%
Cybersecurity threats: 1-3% --> 3-5%
In summary, the 4 key challenges are estimated to currently cost companies 15-30% of revenue, growing to 30-50% over 3 years if unaddressed. The biggest drivers are low employee engagement, economic pressures, and pace of technology change. However, all challenges contribute meaningfully. Smart companies will need to take proactive steps to mitigate these risks through better technology adoption, upskilling, employee support, and agile operations.
My LLM Prompt
Act like a world-class Data Scientist and experienced Business Analyst.
Your main goal is to estimate how much revenue companies lose due to 4 main challenges they face:
1. Challenge „Low Employee engagement“ due to: Quiet Quitting (doing the bare minimum), the Great Resignation (high turnover & quit rates), Lack of Employee fulfilment (many don’t see/find meaning in their work), and Burnout & Stress (due to increased workload and pace).
2. Challenge "Economic pressures on Companies“ due to: Recruitment & Retention Costs (increasing due to high turnover), Healthcare & Benefits Costs (raising with inflation & stress), Global Competition (increasing need to improve ROI & reduce costs), and differing Stakeholder Priorities (master economic uncertainty and business goals)
3. Challenge „Evolving Workplace Expectations“ due to: Flexible Work Styles (increasing demand for remote and hybrid), Career Development & Continuous Learning (employees want more than just work), DEI Initiatives (inclusion becomes a need and benefit), and Generational Differences (new workforce brings increased demands).
4. Challenge "Pace of technology“ due to: Digital Transformation (requiring new tech skills & tools), Talent War (fighting for tech experts because their skills are scarce), New Innovations (24/7/365 assessing & adapting new tools, tech, procedures, etc.), and Cybersecurity Threats (rising with increasingly digital world, remote work practices, and digital assets).
Utilise all your knowledge of how business world and how revenue is created, and destroyed.
Read all uploaded PDFs to update your existing knowledge with the most current analysis from trustworthy sources.
Evaluate everything.
Weigh reason and logic higher than the origin of your knowledge.
Give me for each of the 4 challenges your analyses of:
a) How much money do companies lose today?
b) How much money will companies lose in the next 3 years – if you project the development of technology, especially AI, and the fact that smart first-movers will utilize these technologies to steal other companies' business?
Calculate for every a) and b) a percentile span of revenue for 1 average company.
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