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Why the Gig Talent Economy is Reshaping Workforce Dynamics
It was about 25 years ago when I supported Management Angels GmbH - an EIM company as a Freelancer 🙌🏼!
And the latest “High End Independent Talent Report” from Heidrick & Struggles points out what we inherently knew to be true, especially after the pandemic. Namely, that in our ever more fast-paced business landscape, workforce agility is of crucial essence. With relentless change & intense performance demands, many CEOs & boards are lacking confidence in meeting strategic goals
Every executive now has a transformation mandate—leveraging tech & #AI, driving M&A, or building competitive advantage. This requires new ways of structuring teams & engaging talent
By integrating independent, on-demand experts, companies can quickly scale & harness specialized skills. This ensures high-stakes initiatives stay on track. It is how large & mid-market companies are leveraging on-demand talent to stay agile & competitive in an unpredictable world
Key insights
Interim Leadership - Demand for interim leaders at all levels has surged by 310% since 2020
Year-over-year, requests for interim CEOs & presidents have risen by 80%
Artificial Intelligence - 42% of executives identify the lack of leaders who can integrate AI with business strategy as the primary barrier to tech advancement. The need for AI & machine learning experts has increased by 46% year-over-year
Finance - Interim CFOs represent 51% of all interim leadership requests within the C-suite, by far the largest C-suite role to be filled by interims, followed by HR as a function making up 13% of interim placements
Strategy & Planning - Requests for planning projects & strategic planning experts have each increased by nearly a third year-over-year (30% and 33%, respectively)
Demand for interim executives among strategy leaders has surged by 71%, while requests for project support from GMs & P&L leaders have skyrocketed by 425% year-over-year
Separation and Integration - Requests for post-merger integration experts have risen by 21% year-over-year
Over a third (35%) of all transaction-related projects now require interim executives
👉🏼Are you an executive leader who’s been asked to step up to fill a role on a temporary basis?
📣 Here’s what a recent client of mine said about our coaching when she was asked to step up as CHRO ad interim. Not only was the SVP of HR able to overcome imposter syndrome tendencies, but she confidently stepped up to the interim CHRO role until the new CHRO had onboarded
💬 „Navid & I covered a lot of ground during our coaching engagement. As a result, I feel motivated and I‘ve got a much clearer picture in my mind around which areas to tackle and the right interventions to do that. When working together, I had a fair number of lightbulb moments and the coaching has helped me to debunk some unproductive thinking too."
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