Quick Summary As part of the 9th Edition of the Armstrong Craven Review, this article explores the need for leaders to adapt to increased scrutiny and changing expectations relating to ESG and the importance of investing in developing strategic leadership talent. The paper also examines why organisations must integrate their internal and external management teams to deal with new challenges and trends effectively. Download this article to discover valuable insights and solutions that can help organisations stay ahead in a highly competitive talent market.
Recent years' unprecedented political, economic, and social events have made future business planning extremely difficult. We have yet to clearly see what the corporate world will look like in 5 years. This uncertainty creates tension. It is, therefore, vital for businesses to adopt a flexible approach to their talent strategies and planning.
Through our extensive research, the article explores the tensions currently impacting talent planning, and some fascinating common themes have emerged.
A robust method of dealing with these tensions is ensuring businesses have the right people to ride the waves of uncertainty and unprecedented global events
Key topics we discuss in the article that will help support an effective talent strategy include:
- Rise of Environment, Social, and Governance (ESG) - Businesses now have to consider different social factors when planning talent, including mental well-being, work/life balance, and creating a diverse and inclusive workforce.
- Increased Scrutiny on Leadership - The definition of what we see as a 'good leader' is shifting along with global events. What makes an effective leader in these turbulent times? How are leaders and organisations adapting to this scrutiny?
- Talent Market Assumptions - It has been common for organisations to develop a 'one size fits' all approach to attracting and retaining talent in the market. We discuss how major global shifts in recent years have forced organisations to check their assumptions and re-evaluate their approach to the talent market.
- Strategic Leadership Talent - We discuss the importance of not just recruiting or developing influential leaders who bring in new behaviours and fresh approaches but ensuring businesses understand they need to invest support, time and resources to build the leadership team.
- Integrating Internal and External Management - We explore why many organisations have chosen to bring their management team closer together and how this supports them in dealing with new challenges, tensions, and trends.
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