The new study — Executive Talent 2025 — by the global Association of Executive Search and Leadership Consultants, found that organisations were increasingly realising that digital transformation is largely a talent issue.
The study revealed that:
- Global CEOs ranked "actualising digital transformation" as their number one business issue for 2019.
- The same business leaders ranked ‘developing next generation leaders’ and ‘creating/maintaining a culture of innovation’ as their top expected business issues in five years.
AESC said actualising digital transformation across an enterprise required the right culture to foster the transformation.
“Companies are increasingly looking to the next generation of talent for the leadership they need to flourish in an Industry 4.0 business environment.”
The study also found that:
- Business leaders ranked having a strong enough "employee value proposition" as the greatest challenge to attracting top talent, and
- The same leaders ranked being able to provide enough ‘growth and development’ as the greatest challenge to retaining top talent.
According to AESCA, actualising digital transformation across an enterprise requires the right culture to foster the transformation, and as a result, organisations seek diverse leadership at board and C-Suite level who can encourage organisational agility and foster a culture of innovation.
And, AESCA says companies are increasingly looking to the next generation of talent for the leadership they need to flourish in an Industry 4.0 business environment.