The War For Executive Talent

New Titles on the Rise

 

CDOExecutive Talent

Chief Data Officer

Chief Digital Officer

 

CINO

Chief Innovation Officer

CPO

Chief Privacy Officer

Chief Procurement Officer

CSO

Chief Strategy Officer

Chief Sustainability Officer

Its not about being creative or quirky:

New Executive Titles are quickly emerging

The volatility of the economic climate these last few years has resulted in many changes to the business and economic landscape.

 

Disruptions to the organizational structure includes changes in the C-Suite as businesses adapt to emerging technologies and the resulting leadership requirements.

 

Ninjas, Evangelists, Muses, Gurus?

They are out there – the Chief Evangelist Officers, Software Development Ninjas, Human Factors Gurus, Innovation Muses, but the trend is moving more toward the fundamental style titles which show deliberate inclusion in the C-Suite, with little or no ambiguity about corporate responsibility.

 

Traditionally, C-level positions were focused on operations (COO – Chief Operations Officer), finance (CFO – Chief Financial Officer) and information systems (CIO – Chief Information Officer).

 

Scott Spreier, Sr. Consultant with the Hay Group, a leading global management consulting firm says: “Look beyond the titles. What is critical in creating such roles is first understanding the size and scope of the role. Is it a strategic role or a more tactical, operational role? Is it directly linked to business results, or is it more advisory? These factors all shape the accountabilities of the role and the skills and competencies necessary to execute those roles.”

 

Who else will be found in the C-Suite?

Critical talent needs are now emanating from areas including:

  • Innovation:  Chief Innovation Officer
  • New Management Theory:  Chief Learning Officer, Chief Knowledge Officer
  • Increased Business Regulations:  Chief Compliance Officer, Chief Ethics Officer, Chief Sustainability Officer, Chief Risk Officer
  • Increased Focus on Markets & Customers:  Chief Customer Officer, Chief Experience Officer, Chief Growth Officer, Chief Commercial Officer, and Chief Marketing Officer

Is there space at your conference room table for these new C-level leaders?

Where will they come from?

 

TD Madison is known as the go-to firm for executive sustainability in information and technology talent solutions.  We welcome your thoughts and discussion.

The War For Big Data

Big Data

 

90% of Total World DataBIG DATA

Has been created just within the past two years

75% of Companies

Will increase investments in Big Data within next year

59% of Organizations

Lack the tools required to manage their data

38% of Organizations

Don’t understand what Big Data really means

No longer obscure:

Data Talent is in critical short supply

140,000 to 190,000 people with deep analytic skills as well as 1.5M Managers will be needed by 2018 to fill jobs in Big Data (source:  McKinsey).  Data is now a Strategic Corporate Asset.

Many organizations are separating the data function’s reporting lines out of IT and into the business side, the goal being to manage and use data strategically.

 

What to do?

Data is fast becoming its own vertical.  Recruitment (and retention) of critical data talent is now a key part of a company’s efforts to define and implement ways to connect the data strategy to the business strategy.

 

Where is the best data talent right now?

Research shows that finance, followed by telecommunications, is leading from the front. Candidates with advanced degrees in data or analytics are preferred by over 60% of companies now vs. just five years ago.  New positions are being added to organizational charts at all levels.

The competition for this talent is fierce and as more industries gain big data momentum, the client demand will continue to outpace the supply.

TD Madison is known as the go-to firm for sustainability in information and technology talent solutions.  We welcome your thoughts and discussion.