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

Taking performance cues from east Asian markets

As the ‘Asian century’ becomes ever more prevalent and the Fourth Industrial Revolution gathers speed, marketers are having to surf a tidal wave of creative destruction. The choice is stark: Embrace change, or resign yourself to a Darwinian fate.

Dr Chris Baumann

Associate professor, Macquarie University

Searching for social and marketing data

Many marketers, agencies - and everyone in between - get caught up on bubble references and data points. They’ll use Facebook best practice as the only best practice for Facebook executions and only consider metrics and responses of the one channel they’re expected to deliver on.

Isaac Lai

Connections strategy lead, VMLY&R Sydney

Why Australia needs more leaders

A few weeks ago, our Prime Minister, Scott Morrison took it upon himself to tell companies and their CEOs where to go when it came to societal issues. It wasn’t an organisation’s place to get involved. Instead, he said it should be left to governments to solve societies challenges.

Dan Banyard

Managing director, Edentify

Congratulations! So good to see a business turnaround with a good omni channel email lead strategy.Antanthonyidle.com

Anthony Idle

How Total Tools overhauled its omnichannel marketing

Read more

Well, you can always improve your service. Your customers will appreciate your efforts.

Mike Thompson

Report: Australian customer experience good but not great

Read more

Thanks for sharing! Terracotta Jewellery Online Shopping Ethnic Jewellery Online Shopping

Cotton Sarees Online

How data is driving the customers of a lifetime for BaubleBar

Read more

Informative blog. Xero is a well-known revolutionized accounting software, specifically developed to provide best User Experience and mak...

NavkarConsultancyServices

Xero evolves to fit a changing marketplace

Read more

>Writes article about how to show diversity in an authentic way>All featured opinions are from white women

Jennifer Metcalfe

Food for Thought: How can brands show diversity in an authentic way?

Read more

Latest Podcast

More podcasts

Sign in