The impact Technology and a Highly Engaged Culture Have on Executive Search
The past decade has seen enormous shifts in the way in which organisations can communicate. This in turn affects how they are perceived in the public domain.
Social Media and the Internet have revolutionised the ability for organisations to become transparent. Every organisational change, corporate decision and internal issues, once privately discussed, are inevitably almost immediately posted somewhere online for the world to see. Existing and potential leaders are constantly able to tune-in to online debates highlighting strengths of, or indeed flaws in, organisational culture. This could prove a significant source of influence to the passive high-potential candidate sought through Executive Search, or an existing high-performing leader who could be approached by a competitor.
Technology has exploded. People are more connected than ever via mobile devices. Blogs, forums, social networks and websites, such as glass door, are placing increasing pressure on organisational transparency. This in turn brings increased expectations on business leaders to have a voice in the social space on a daily basis. It is straightforward for anyone, anytime, to rapidly gain intelligence about a job opportunities, core workplace principles and even the practices in place to harness and develop a highly engaged workforce within an organisation.
Workforce engagement is an issue that has become a top challenge across the globe. Highly engaged companies attract the best talent, retain the best talent and are more profitable long term. (Brown et al, 2015). Recent studies show that more than two thirds of young people would leave their jobs for reasons other than salary. (Payroll and Benefits Magazine, 2014).
New platforms give greater opportunity for business leaders to communicate to a global audience. To inspire, educate and instil trust through honesty. This is driving change and increasing transparency in the business world. This openness gives a sense of belonging – an understanding of the direction of business at it is now and in the future:
“Organisations that create a culture defined by meaningful work, deep employee engagement, job and organisational fit, and strong leadership are outperforming their peers and will likely beat their competition in attracting top talent.” (Brown et al, 2015)
The workplace will continue to be a dynamic environment as megatrends shift the workforce. But now, more than ever, there is increasing pressure to attract and retain the right talent to drive long-term organisational success and profitability. Competition is high and candidates have renewed options. The importance of a highly engaged culture and how it is communicated in a connected world cannot be underestimated when looking to find best-in-class leaders who know their value.