The report by the Chartered Institute of Internal (CIIA), which was designed to monitor the risks that have been most impacted by the covid-19 pandemic, also found that retaining talented employees had become a problem, along with detecting fraud.

The ‘culture crisis’ has the potential to ‘trigger a chain of negative impacts across wider business structures’, the CIIA warned. This ‘crisis’ is said to have been caused by the hybrid working model which limits face-to-face interaction, curtailing previous efforts to build strong organisational cultures and team cohesion.

Remote and working from home options have become a necessity in the new world of the pandemic, which has led to almost a year-long lockdown period across the globe.