According to studies, the most important features of future executive management will be the skills in communication and interpersonal interaction, negotiation and presentation as well as problem-solving. Integrity plays a key role in modern leadership practices as stakeholders require more and more functional transparency.
Investing in the recruitment of executive management is one of the most important strategic decisions of a company. Talentor has, during its 15-year old history, successfully supported the executive management recruitment of its clients.
The need for company flexibility, innovation and new leadership practices is emphasized in business management in a changing operational environment. The role of leaders and supervisors is changing towards the role of an enabler rather than a leader. In the future, leadership should focus more on adjusting functions into the dynamic operational environment in accordance with the needs of the clients, employees and organization.
Megatrends set new expectations for leadership as they affect different industries and companies. The rapid development of technology will radically alter working life. Skills in change leadership are highlighted especially when the future leaders are faced with expectations of being able to swiftly react to the changes in environment, such as the elimination and alteration of certain work duties due to automation. Technological changes are followed by the digitalization of communications, leading to a pressure for the executives to effectively communicate operational goals to other members of the organization with the help of various virtual softwares.
Future working life is also influenced by the generation Y entering it. By 2025, even 75 % of total work force is expected to represent the generation Y. Based on this prediction they will so far be the largest generation entering working life. What matters for the generation Y representatives is the meaningfulness of work instead of working for the necessity. This, in turn, encourages companies to develop their current strategies, organizational cultures, leadership practices as well as reward systems.
The modern leaders are required to possess comprehensive industry and leadership experience, as well as business oriented approach of thinking. Besides what is currently expected, skills in change leadership, communications and interaction as well as performance and problem-solving will be emphasized in the continuously changing work environment in the future. Additionally, the high executives have to be able to face the megatrends controlling the markets and the future challenges and opportunities of working life. Talentor’s comprehensive recruiting and personal assessment services guarantee the successful recruiting process of finding the best individuals for the key executive management positions.