Implications of the Global Executive Talent Shortage
The notion of a talent shortage is nothing new. We’ve seen the headlines pop up across our news apps over the last few years. Research from AESC and The Conference Board even revealed one of the top five external issues impacting business is the labor shortage. In addition, our research has consistently identified attracting and retaining talent as the leading internal business issue globally. The factors driving a need for executive hiring include: The need for new skills and capabilities and even new leadership roles Leaders that can adapt to changing business models Leaders with expertise in expanding into new lines of business Leaders to replace an aging leadership team Recognition of diversity and inclusion The challenge is not just a typical labor shortage, but a shortage of top leadership talent with specialized skills and competencies, such as adaptability, agility, resilience and an overarching, demonstrated ability to lead change. There is also demand for new and emerging roles, such as those focused on sustainability, climate risk, cyber risk, and competencies such as a track record of digital transformation success, the ability to identify new business opportunities through artificial intelligence while managing risks, leadership in diversity, equity and inclusion, a focus on [...]





