This timely survey concludes that it is time to take control, due to a required change in the existing mindset within many organizations. The survey included 1,330 interviews with CEOs in 68 countries. The traditional approaches to engagement, performance, reward and people issues are becoming less relevant in today’s changing environment.
Observations from the survey include the following:
- CEOs in Africa are very confident about growth in 2013, although availability of skills is a problem.
- A coherent talent strategy, building on the employer brand, should be embedded in the organization’s DNA.
- Key growth areas for operations: Latin America, South East Asia, Middle East, South Asia and Africa.
- 77% of CEOs will alter their approach to talent management, and 23% were planning a significant change.
- Existing people strategy is not fit for purpose.
- Employees should feel involved in the business as a key pillar of engagement, although 66% of staff were not actively encouraged to be involved in decision-making.
- Today’s business leaders need to cope with crisis, understand risk and be comfortable with change.
- Rebuilding trust with employees by creating the right culture and behaviors is a fundamental pillar for shaping the business.
The survey provides valuable insight into today’s leadership challenge for developing, and retaining, superior talent.