Digital drive creating war for executive talent

Executive Talent 2025 reports digital is driving demand for both agile leaders and agile organisations

Attraction and retaining talent is the top issues facing businesses today, according to a new report, with 43 per cent of CEOs globally citing lack of talent and skills as a barrier to future innovation.

Executive Talent 2025 reports digital is driving demand for both agile leaders and agile organisations, increasing focus on developing next generation leaders, and fuelling a critical need for diversity in the C-Suite and at board level. 

The study, undertaken by the global Association of Executive Search and Leadership Consultants (AESC), said digital transformation tops the business agenda of organisations for 2019 and the digital drive is creating a new war for executive talent.

AESC President and CEO, Karen Greenbaum, said business leaders understand their organisations must be increasingly agile in order to seize the opportunities of digital and thrive in a rapid and often uncertain global business climate.

“They seek innovation and know that diverse talent is critical to bringing new perspectives and fresh thinking to their organisations. They are also looking to the next generation of leaders for the talent they need,” she said.

“Organisations risk losing institutional knowledge and years of management experience as the Baby Boom generation exits the workforce in many markets around the world. All of these key business issues are talent issues.”

Seventy-three per cent of business leaders plan to provide focused development to next gen leaders in the next five years, and 71 per cent plan to work with an executive search firm in the next five years.

Other findings include organisations are also revisiting their business models and racing to tap into disruptive technologies to better serve their customers, and in the process, expand their portfolios of products and services. These forces combined place a tremendous new demand on talent.

Organisations are finding their employee value propositions are the greatest challenge to attracting the right talent; and leaders report diversity within their organisations as fair, but those who publicly report their diversity data are doing better.

The study identifies opportunities for business leaders to assess how their talent strategy aligns with their digital transformation goals. It also provides new insight on what organisations can do to better attract diverse talent and develop tomorrow’s generation of leaders.

“C-suite leaders understand that their boards must have a robust board recruitment strategy to attract the diverse board talent they need and with the right skillset, which increasingly includes marketing, technology and even cybersecurity, in addition to the more traditional management and finance skillsets of directors,” the report said.

Follow CMO on Twitter: @CMOAustralia, take part in the CMO conversation on LinkedIn: CMO ANZ, join us on Facebook: https://www.facebook.com/CMOAustralia, or check us out on Google+:google.com/+CmoAu    

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Show Comments

Blog Posts

Building a human-curated brand

If the FANG (Facebook, Amazon, Netflix, Google) sector and their measured worth are the final argument for the successful 21st Century model, then they are beyond reproach. Fine-tuning masses of algorithms to reduce human touchpoints and deliver wild returns to investors—all with workforces infinitesimally small compared to the giants of the 20th Century—has been proven out.

Will Smith

Co-founder and head of new markets, The Plum Guide

Sustainability trends brands can expect in 2020

​Marketers have made strides this year in sustainability with the number of brands rallying behind the Not Business As Usual alliance for action against climate change being a sign of the times. While sustainability efforts have gained momentum this year, 2020 is shaping up to be the year brands are really held accountable for their work in this area.

Ben King

CSR manager & sustainability expert, Finder

The trouble with Scotty from Marketing

As a Marketer, the ‘Scotty from Marketing’ meme troubles me.

Natalie Robinson

Director of marketing and communications, Melbourne Polytechnic

If you think it can benefit both consumer and seller then it would be great

Simon Bird

Why Ford is counting on the Internet of Things to drive customer engagement

Read more

It's a good idea. Customers really should control their data. Now I understand why it's important.

Elvin Huntsberry

Salesforce CMO: Modern marketers have an obligation to give customers control of their data

Read more

Instagram changes algorithms every time you get used to them. It really pisses me off. What else pisses me off? The fact that Instagram d...

Nickwood

Instagram loses the like in Australia; industry reacts positively

Read more

I tried www.analisa.io to see my Instagram Insight

Dina Rahmawati

7 marketing technology predictions for 2016

Read more

The saying is pretty tongue in cheek. It's not saying that marketers are bad people, nor that they don't take themselves seriously. There...

LYF Solutions

The trouble with Scotty from Marketing - The CMO view - CMO Australia

Read more

Latest Podcast

More podcasts

Sign in