Tuesday, 14 May 2019 10:06

Top talent key to global digital transformation: study

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Top talent key to global digital transformation: study Image jannoon028 at FreeDigitalPhotos.net

Digital transformation tops the business agenda globally, with chief executives of organisations revealing that attracting and retaining top talent is the key to transformation, according to a newly released global study.

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.

“As a result, organisations seek diverse leadership at Board and C-Suite level who can encourage organisational agility and foster a culture of innovation.

“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.

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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