Saturday 25 June 2016

The Latest Trends In The Executive Search Consultant Industry

To create a strong organization with good leaders, HR consultants need to address the development of talent rather than "training" or "domain-specific" recruitment only. With the global economic shift, companies are wrestling for a revamp, more than ever. They are considering factors like cultural change, economical evaluations and technological advancement that get ahead in the competition. Among all emerging players, India is the largest outsourcing provider in Asia, with a backup of over 50 million homes in GY category. What is governing this trend is connected directly to executive search consultants who are selecting candidates who can thrive in the ever-demanding markets. Some of the Top Jobs of the millennium are:

Data Science and Talent Analytics:

Certain professionals are opening up new paths of career advancement and this inspires not only large companies but best executive search consultant as well. The increasing relevance of digital technology in developing a world-class organization is demanding talent analytics to manage the whole unit's portfolio and upgrade themselves to C-suite roles. New job sectors will be seen in 2016 with Talent Analytics and Data Scientist related credentials.

Millennial's World By 2025

Organizations have come to terms with the fact that Millennials are going to drive their legacy in the next four decades. Because of this, they need to motivate, train and retain them. In the USA alone, 75% Millennials are said to consist of the total workforce by the year 2025, according to the Bureau of Labor statistics. Harnessing and retaining the best talent is an effective strategy in mitigating future risks. Top executive search firms are adhering to this monumental shift and ensures a proper management strategy to be implemented in all sized businesses, irrespective of geographical locations, religion, caste or creed.

Unity in Diversity:

Demand in the roles of Human Equity Director, VP of Inclusion. HDS (Head of Diversity Sourcing) will increase in the 3rd millennium as Millennials have revolutionized the practice of diversity, from view or approach diversity to cognitive and collaborative diversity. For them, respecting another individual's perspective is more important than visible diversity.

Engagement is the Key:

The reason Silicon Valley is more successful than others is the simple practice of "happiness work leads to productivity" approach. They have carefully researched on what retain or engages employees to the extent that they would love to work for extended hours or be more proactive. The research resulted in creating flexible work environments that also meet the lifestyle demands of employees and build long-lasting loyalty for the company. Although third world countries are struggling to link the dots of culture and engagement together with a multi-generational workforce and individual needs, companies will have to focus on hiring Director of Culture and VP Employee Engagement etc.

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