One third of global enterprises have hired an employee they've never met in person due to skills shortage
New research of global CIOs from Expereo reveals that large global enterprises’ ambitions for global growth are being constrained, as one third admit they struggle to hire high-value knowledge workers that will drive forward their global expansion plans. As a result, almost a third (32%) of global CIOs have had no choice but to hire someone they have never met in person.
The competition for talent is real
The research of over 650 CIOs in global enterprises across Europe, US and APAC reveals that skills and resource retention (35%) is currently amongst the top three barriers to their business delivering global growth, alongside challenging security environments (35%) and complicated physical and geo-political infrastructure (33%). More specifically, finding the right mix of business and technology skills was revealed to be the most challenging thing for 40% of CIOs to recruit for.
Almost a third (31%) of CIOs say that finding the right competencies for their team in governance and regulatory compliance is a challenge, while expertise in growth technologies such as cyber security (49%) AI/ML (41%), and data analytics (38%) tops the list as the most challenging skills to recruit for.
Fortunately, 43% of global CIOs say having a hybrid/remote policy has enabled them to hire from a wider geographical pool of talent; 38% say their team is now based in different countries/markets.
Hybrid working needs to stay, but it isn’t without challenges
The nature of work has changed, and almost half (48%) of CIOs believe flexible working is the key driver for retaining and recruiting the most skilled employees. Today’s IT leaders are empowered to tap into a global pool of workers and partners to find the best talent, explaining why a third of CIOs (32%) have admitted to hiring someone into their team that they have never met in person.
According to the research, working three days in the office or less is now the new normal for almost three-quarters (72%) of businesses, with almost half (44%) of global CIOs believing the increased demand for hybrid/remote working is being driven by cost of living pressures. Having said that, a third of global CIOs expect to see an increase in the number of days they expect people to work from the office. According to 32% of respondents, this is due to productivity concerns with employees working from home; 31% said home connectivity issues for their employees has a consistent impact on productivity.
The connectivity trade-off
However, the trade-off of access to more and better skilled employees is that, for many CIOs, ensuring application performance across multiple locations (41%), and providing 24/7 support across multiple time zones (37%), are putting pressure on their teams.
Ben Elms, Chief Revenue Officer at Expereo comments;
“As organisations focus on driving growth through global expansion, there are clearly complexities and challenges to overcome in supporting the evolving needs of a global workforce. With more people working from different locations, the ability to change the dynamics of the network to meet diverse connectivity needs at a moment’s notice is vital.
“The key is having the technology in place that enables connectivity and collaboration in a remote world. In the end, hybrid working is all about staying connected, and enabling interaction with colleagues and customers - wherever you are in the world.”
For the full report please visit: Enterprise Horizons - Expereo
Expereo is a leading global provider of managed network solutions including, Global Internet, SD-WAN/SASE, and Enhanced Internet. With an unmatched global reach, Expereo is the trusted partner of 60% of Fortune 500 companies. It powers enterprise and government sites in 600,000 locations over more than 190 countries, helping customers improve productivity and empowering their networks and cloud services with the agility, flexibility and value of the Internet, with optimal network performance.
Expereo was acquired in Feb 2021, by Vitruvian Partners. The international growth capital and buyout firm, acquired a majority shareholding from leading European private equity firm, Seven2.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
About Business Wire
(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Forrester: European Retail Sales To Reach €2.7 Trillion By 20286.12.2023 11:00:00 CET | Press release
Forrester (Nasdaq: FORR) forecasts that total retail sales of Europe-5 countries (France, Germany, Italy, Spain, and the UK) will increase from €2.3 trillion in 2023 to reach €2.7 trillion in 2028 at a 2.9% compound annual growth rate (CAGR). Forrester’s recently released report, Europe-5 Online Retail Forecast, 2023 To 2028, estimates total retail sales, online retail sales, and online retail penetration across 22 product categories, including fashion, homeware, food and drink, consumer electronics, and media, for each of the Europe-5 economies. Germany holds the largest share of the retail market among these five countries, followed (in order) by the UK and France. In 2022, offline retail growth outpaced online retail growth for the first time as more consumers shopped in stores, and this momentum continued into 2023, but the fundamental growth drivers of online retail such as greater product selection, round-the-clock availability, and competitive pricing remain strong. As a result,
Kaneka Acquires Japan Medical Device Technology6.12.2023 10:40:00 CET | Press release
Kaneka Corporation (Headquarters: Minato-ku, Tokyo; President: Minoru Tanaka)(TOKYO:4118) has acquired all shares of Japan Medical Device Technology Co., Ltd. (Headquarters: Kamimashiki-gun, Kumamoto; President: Shuzo Yamashita) (hereinafter JMDT), a developer and manufacturer of medical devices, on November 30, 2023, and made it a wholly owned subsidiary. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231206372197/en/ Stent before expansion (Photo: Business Wire) Kaneka manufactures and sells endovascular catheters, which are devices used in the treatment of cardiac, peripheral vascular, and cerebrovascular diseases. In particular, stenting*1 for the treatment of coronary artery diseases such as atherosclerosis has a market worth 30 billion yen in Japan, and Kaneka is aiming to expand its business in this area. JMDT has high technological capabilities in the research and development of coronary stents and is one of the lead
CommBox launches Era AI to enable customer service to be intelligently automated and CX costs to be cut by 40%6.12.2023 10:00:00 CET | Press release
Today CommBox, the pioneer in AI-powered customer communications, is launching its new generative AI solution. Designed for medium to large businesses across a range of industries including healthcare, banking, retail, telecommunications and insurance, Era AI is based on a winning combination of both proprietary technology developed by CommBox and commercial large language models. Era AI’s functionality scans enterprise knowledge sources and, in just seconds, provides customers with accurate, highly personalised information through the digital messaging channel of their choice. Era AI delivers customer service automation, reduces costs for organisations, and dramatically increases the speed and accuracy of enquiry handling. It does this all while increasing customer satisfaction, with CommBox customers seeing a 92% customer satisfaction rate on average. Central to this is Era AI’s ability to analyse a brand’s entire resource base, such as support articles, help and knowledge centres, a
New Post Hoc Phase 3 Data Analysis Shows AJOVY ® (fremanezumab) Reduced Migraine Attacks in Adults with Migraine and Co-morbid Obesity6.12.2023 08:00:00 CET | Press release
Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) announces that a post hoc analysis4 of two phase 3 clinical studies presented today at the European Headache Congress has shown the effectiveness of the migraine prevention treatment AJOVY®(fremanezumab) in reducing migraine attacks in patients with migraine and co-morbid obesity. Migraine and obesity are both associated with high levels of disability3 and both conditions are more prevalent amongst females5,6. It is estimated that 59% of people in Europe are either overweight or obese, with almost a quarter (23%) of adults living with obesity5. A higher body mass index (BMI) is frequently associated with increased migraine prevalence and severity, and an increased number of adverse effects3. As such, assessing the efficacy and safety of migraine preventative treatment in patients with obesity can help guide migraine management and treatment decisions. The post hoc analysis of the HALO-LTS1 and FOCUS2 phase 3 studies compared the
Splashtop Wins the SDC "Security Vendor of The Year” Award6.12.2023 07:30:00 CET | Press release
Splashtop, a pioneer in transforming the work-anywhere landscape, proudly emerges as the "Security Vendor of the Year" at the 14th edition of the SDC Awards, hosted in London. This prestigious award highlights Splashtop's commitment to protecting organizations of any size with enterprise-grade encryption and permission-based access. Since its inception in 2006, Splashtop has consistently delivered cutting-edge remote access and support technology, empowering users to access devices, apps, and documents from anywhere, without compromising performance. In 2023, the company has taken a significant leap forward, addressing the modern challenges of remote workforces, multi-cloud migration, complex network access, and credential management—even for those with limited IT resources. This year Splashtop has expanded its security portfolio with groundbreaking solutions for Endpoint Security, Wi-Fi and Server Access control, and the innovative Splashtop Secure Workspace. These solutions address t