GlobeNewswire

Global Research Finds Lack of Alignment in Leadership and Talent Jeopardises Post-Pandemic Growth

Share

Boyden reveals strong confidence in growth potential among business leaders is not matched by confidence in having the right talent to align to strategy, with different skills needed on the board

NEW YORK, July 07, 2021 (GLOBE NEWSWIRE) -- Boyden, a premier leadership and talent advisory firm with more than 75 offices in over 45 countries, reports on its latest talent research, revealing a lack of alignment in talent to strategy, the need for a different skills matrix on the board, and lack of alignment across the leadership team.

The global study, Talent-led transformation in a post-pandemic world: how can global business leaders deliver on ambitions of growth and reinvention? explores the business outlook among CEOs, boards and other senior leaders, and talent trends, priorities and investment in the wake of the pandemic through 2022.

“Boyden has a long-term commitment to anticipating the trends and issues that will affect our global clients,” commented Trina D. Gordon, President & CEO of Boyden. “While business leaders are seeing strong indicators of recovery, alignment between talent requirements and the suite of leadership skills that will drive growth will be imperative to sustainable success. Leadership needs have changed in this new global environment, from C-suite to the boardroom. It is important that organizations synchronize their leadership requirements to strategies that reflect the evolved global landscape.”

Study findings show that while 77 percent of respondents are extremely confident or confident in their organisation’s growth potential, just 47 percent are extremely confident or confident in having the right talent to align to strategy. For industrial and consumer companies, this drops to 42 percent and 41 percent respectively. Half of all respondents describe their business approach in 2022 as one of growth or expansion mode and just over a quarter, 26 percent, as a learning or transformation opportunity; this bullish approach versus lack of talent alignment jeopardises post-pandemic growth and reinvention.

This lack of alignment goes up to board level, with 52 percent of respondents saying that a different mix of skills is needed on the board. Despite this, only 38 percent of respondents are likely to conduct a board assessment review over the next two years, although the figure is higher, at 45 percent, in North and South America.

Findings show that respondents are reinventing talent: 74 percent are extremely likely or likely to invest in leadership development for high potentials; 66 percent to hire new leadership talent; and 65 percent to redeploy or retrain existing people. In our disrupted work environment, 51 percent are considering new approaches to measuring performance; the top driver is to tie culture and behaviours to business objectives.

Priorities in hiring new leadership talent reveals lack of alignment across the leadership team, particularly around:

  • Diversity: 57 percent of marketing and 47 percent of HR leaders think it is extremely likely or likely that their organisation will hire talent into diversity roles, compared with only 35 percent of CEOs;
  • Sustainability: 42 percent of marketing leaders think it is extremely likely or likely that their organisation will hire talent into sustainability roles, compared with 31 percent of CEOs;
  • Supply chain: 37 percent of finance leaders think it is extremely likely or likely that their organisation will hire talent into supply chain roles compared with 29 percent of CEOs.

Over the next 12 months, 69 percent of respondents expect ‘more emphasis on leadership assessment/development,’ 50 percent expect ‘executive talent retention challenges’ and 49 percent ‘executive recruitment challenges’.

In attracting leadership talent, respondents consider the top two drivers to be ‘a strong overall company reputation’ (57 percent) and ‘a purpose-driven organisation’ (52 percent), followed by ‘workplace of the future’ with hybrid work arrangements (38 percent).

About the research

This research was conducted in Q2 2021 among senior executives worldwide. A total of 528 complete responses comprise 43 percent from Europe, 35 percent from the Americas, and 18 percent from Asia/Pacific. Respondents include 37 percent board/president/CEOs, 23 percent division or country heads, 22 percent HR leaders, with a remainder across finance, operations, marketing and technology.

Industrial sector and consumer & retail each account for 23 percent of responses, followed by 14 percent within professional services, 12 percent from technology/media/telecoms, 11 percent from financial services, and 10 percent from healthcare & life sciences. The remainder are from private equity, social impact (non-profit/government), and academic sectors. By organisation, 27 percent are from publicly quoted, 35 percent from private/independent, 20 percent from private/family-owned, with the remainder from social enterprise, start-up and private equity backed businesses.

About Boyden

Boyden is a premier leadership and talent advisory firm with more than 75 offices in over 45 countries. Our global reach enables us to serve client needs anywhere they conduct business. We connect great companies with great leaders through executive search, interim management and leadership consulting solutions. Boyden is ranked amongst the top companies on Forbes’ Americas Best Executive Recruiting Firms for 2021. For further information, visit www.boyden.com.

Contacts:

Chris Swee
Global Head of Marketing
T: +1 914 747 0172
E: cswee@boyden.com
Joanna Goncalves
Global Senior Director of Marketing
T: +1 416 214 4208
E: jgoncalves@boyden.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c74c2d7d-a1e2-4b51-808d-d91591f6c781

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire

GlobeNewswire
GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://globenewswire.com

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire

Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire

Mohawk Industries Reports Q2 Results29.7.2021 22:10:00 CEST | Press release

CALHOUN, Ga., July 29, 2021 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE: MHK) today announced 2021 second quarter net earnings of $336 million and diluted earnings per share (EPS) of $4.82. Adjusted net earnings were $310 million, and EPS was $4.45, excluding restructuring, acquisition and other charges. Net sales for the second quarter of 2021 were $3.0 billion, up 44% as reported and 38% on a constant currency and days basis. For the second quarter of 2020, net sales were $2.0 billion, net loss was $48 million and diluted loss per share was $0.68, adjusted net earnings were $26 million, and EPS was $0.37, excluding restructuring, acquisition and other charges. For the six months ending July 3, 2021, net earnings and EPS were $573 million and $8.18, respectively. Net earnings excluding restructuring, acquisition and other charges were $556 million and EPS was $7.94. For the 2021 six-month period, net sales were $5.6 billion, an increase of 30% versus prior year as reported or 23

Sinch AB (publ): Sale of warrants from long term incentive program in Sinch AB (publ)29.7.2021 18:15:00 CEST | Press release

Stockholm, Sweden – Sinch AB (publ) – XSTO: SINCH Sinch AB (publ), a global leader in cloud communications for mobile customer engagement, today announces that the company’s CEO, and other persons discharging managerial responsibilities, have divested warrants related to the long term incentive program LTI 2018. The LTI 2018 incentive program was adopted by the AGM on 18 May 2018 and consists of six different series. Series 1-3 consists of warrants for which Sinch AB received an upfront, cash payment from each program participant. Series 4-6 consists of employee stock options which employees are awarded over time, and where no monetary consideration is paid to Sinch. Each warrant and stock option allows the holder to acquire 10 shares in Sinch. The warrants and stock options have a duration of three to five years, with exercise periods in 2021, 2022 and 2023. In accordance with the European Market Abuse Regulation (MAR), transactions by CEO Oscar Werner and other persons discharging ma

Sinch AB (publ): Försäljning av teckningsoptioner från incitamentsprogram i Sinch AB (publ)29.7.2021 18:15:00 CEST | Pressemelding

Pressmeddelande Stockholm, Sverige – Sinch AB (publ) – XSTO: SINCH Sinch AB (publ), en ledande global leverantör av molntjänster för kundinteraktion via mobilen, meddelar idag att vd och andra ledande befattningshavare har sålt teckningsoptioner i Sinch kopplat till incitamentsprogrammet LTI 2018. Incitamentsprogrammet LTI 2018 beslutades av bolagsstämman i Sinch den 18 maj 2018 och består av sex olika serier. Serie 1-3 består av teckningsoptioner som Sinch AB överlåtit till anställda mot kontant ersättning. Serie 4-6 består av personaloptioner som anställda erhåller över tid som löneförmån. Varje option ger rätt att teckna tio aktier. Optionerna löper över tre till fem år med förfall 2021, 2022 och 2023. I enlighet med den europeiska marknadsmissbruksförordningen (MAR) har transaktioner för vd Oscar Werner och övriga ledande befattningshavare registrerats i Finansinspektionens insynsregister. Dessa transaktioner gäller försäljning av teckningsoptioner i serie 1. För vd Oscar Werner ra

FLSmidth to acquire thyssenkrupp’s Mining business – creating a global industry leader in mining technology29.7.2021 12:39:04 CEST | Press release

Company Announcement No. 7 2021 FLSmidth and thyssenkrupp Industrial Solutions AG (a fully owned subsidiary of thyssenkrupp AG, "thyssenkrupp") have reached an agreement that FLSmidth will acquire thyssenkrupp’s Mining business1 (TK Mining) for a total consideration (enterprise value) of EUR 325 million, corresponding to approximately DKK 2.4 billion. Closing of the transaction is expected in H2 2022 and is subject to customary approvals from relevant authorities. TK Mining is a leading full-line supplier of solutions for mining systems, material handling, mineral processing and services, which is highly complementary to FLSmidth’s offering. TK Mining has an asset light business model and is present in 24 countries with engineering and global service centres, and has close to 3,400 employees. In 20202, revenue was EUR 780 million (approximately DKK 5.8 billion) with around one-third deriving from services. The business delivered a high single-digit negative EBIT margin and is expected

Millicom to repurchase own shares29.7.2021 12:02:00 CEST | Press release

Millicom to repurchase own shares Luxembourg, July 29, 2021 – On May 4, 2021, the Annual General Meeting of Shareholders (“AGM”) of Millicom resolved to authorize (the “Authorization”) the Board of Directors of Millicom (the “Board”) to adopt a share repurchase plan. Based on the Authorization, the Board has decided to initiate a repurchase program comprising not more than 5,000,000 Swedish Depository Receipts representing the Company’s ordinary shares (“SDRs”). The purposes of the share repurchase plan may include: reduction of Millicom's share capital; meeting obligations for Board remuneration; and/or meeting obligations under Millicom’s share-based incentive plans or other compensation programs. The repurchase program will be implemented in accordance with the Authorization, the Nasdaq Nordic Main Market Rulebook for Issuers of Shares (“Nasdaq Rulebook”), and applicable law including the Luxembourg law of 10 August 1915 on commercial companies, as amended, and the EU Market Abuse R

Fobi Wallet Pass For Ticketing And Global Fan Engagement Powers bdG Sports “Baha Mar Hoops” Tournament Featuring 19 NCAA Men’s And Women’s Basketball Teams, Including US Thanksgiving Nationally Televised Events29.7.2021 12:00:00 CEST | Press release

After multiple event successes with bdG Sports, Fobi is now adding ticketing and admissions capabilities to live and digital fan engagement to deliver a comprehensive solution for the “largest early season event in all of college basketball” at Baha Mar Hoops in The Bahamas VANCOUVER, British Columbia., July 29, 2021 (GLOBE NEWSWIRE) -- Fobi AI Inc. (formerly Loop Insights Inc.) (TSXV: FOBI) (OTCQB: FOBIF) (the "Company" or "Fobi"), is pleased to announce it will once again be supporting bdG Sports for college basketball’s largest early season event. The invite-only global event at Baha Mar Convention Center in Nassau, The Bahamas will take place from November 22-27, 2021 and will use Fobi’s Wallet Pass platform for ticketing, admission, and fan engagement both live and at home. Fobi will earn significant revenue from this event through the event license, ticket fees and fan activations both live and at home, including nationally televised and digital audiences across the United States

Building momentum and delivering results29.7.2021 12:00:00 CEST | Press release

Building momentum and delivering results Luxembourg, July29, 2021– Millicom is pleased to announce its second quarter 2021 results. Please find below links to the Q2 2021 Earnings Release and H1 2021 Interim Condensed Consolidated Financial Statements. Millicom Chief Executive Officer Mauricio Ramos commented: "We had an outstanding Q2. We built on our robust Q1 performance and delivered double-digit growth in both service revenue and EBITDA. In Colombia, we now have the best mobile network, and we capitalized on this in Q2 by leading the market in portability and by adding a record number of new postpaid customers. Our rapid customer and revenue growth is a direct result of our unwavering commitment to delivering the best customer experience, including network quality and reliability. With that in mind, and considering our healthy cash flow generation, we have accelerated investments that we expect will help us drive faster growth in all our businesses going forward. In light of our s