Struggle to Hire High-Value Workers Impedes Global Growth, With CIOs Hiring Unseen Talent

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Global enterprises face obstacles in their quest for growth due to the struggle to hire high-value workers, according to a study conducted by Expereo. The research indicates that 33% of global Chief Information Officers (CIOs) find it challenging to recruit knowledge workers who can drive their international expansion plans. Consequently, 32% of CIOs have resorted to hiring individuals they have never met face-to-face.

The competition for talent emerges as a significant concern. Among the top barriers preventing business growth identified by CIOs are skills and resource retention (35%), complex security environments (35%), and intricate physical and geopolitical infrastructure (33%). Furthermore, finding the right mix of business and technology skills presents a challenge for 40% of CIOs.

The study reveals that recruitment difficulties extend to specific areas, including governance and regulatory compliance, with 31% of CIOs struggling to find the appropriate competencies. Additionally, CIOs encounter the greatest challenges when seeking expertise in growth technologies such as cybersecurity (49%), artificial intelligence and machine learning (41%), and data analytics (38%).

Fortunately, 43% of global CIOs believe that adopting a hybrid or remote working policy has expanded their access to talented individuals from a broader geographical pool. As a result, 38% of CIOs currently have teams located in different countries or markets.

The paradigm shift toward flexible working is driven by the desire to attract and retain the most skilled employees. Nearly half (48%) of CIOs consider flexible working arrangements as a key factor for talent recruitment and retention. Consequently, 32% of CIOs confess to hiring individuals they have never met in person to tap into a global pool of workers and partners.

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Moreover, the study indicates that the new normal for businesses entails employees spending three or fewer days in the office. The rising demand for hybrid or remote working is partly attributed to cost-of-living pressures, as identified by 44% of global CIOs. However, a third of CIOs anticipate an increase in the number of office working days, citing concerns about productivity and home connectivity issues.

Nevertheless, while access to a more diverse talent pool is advantageous, CIOs also face challenges in terms of application performance across multiple locations (41%) and delivering round-the-clock support across different time zones (37%).

Ben Elms, Chief Revenue Officer at Expereo, emphasizes the importance of technology that facilitates connectivity and collaboration in a remote working environment. In a world where organizations prioritize growth through global expansion, adaptability in meeting various connectivity needs swiftly is crucial.

In conclusion, global enterprises grapple with the struggle to hire high-value workers, hindering their growth plans. However, the adoption of hybrid or remote working policies enables businesses to tap into a wider talent pool. Nonetheless, organizations must bridge the connectivity gap and provide seamless application performance to ensure sustained success in a digitally transformed world.

Frequently Asked Questions (FAQs) Related to the Above News

What is the main obstacle faced by global enterprises in their quest for growth?

The main obstacle faced by global enterprises in their quest for growth is the struggle to hire high-value workers.

What percentage of global Chief Information Officers (CIOs) find it challenging to recruit knowledge workers for international expansion plans?

According to the study, 33% of global CIOs find it challenging to recruit knowledge workers for international expansion plans.

How many CIOs have resorted to hiring individuals they have never met face-to-face?

The study indicates that 32% of CIOs have resorted to hiring individuals they have never met face-to-face.

What are the top barriers preventing business growth identified by CIOs?

The top barriers preventing business growth identified by CIOs are skills and resource retention, complex security environments, and intricate physical and geopolitical infrastructure.

What is the biggest challenge for CIOs in terms of hiring?

The study reveals that finding the right mix of business and technology skills presents a challenge for 40% of CIOs.

What specific areas do CIOs struggle to find the appropriate competencies in?

CIOs struggle to find the appropriate competencies in areas such as governance and regulatory compliance.

Which growth technologies pose the greatest challenges for CIOs in terms of hiring?

CIOs face the greatest challenges when seeking expertise in growth technologies such as cybersecurity, artificial intelligence and machine learning, and data analytics.

How has adopting a hybrid or remote working policy benefited global CIOs?

Adopting a hybrid or remote working policy has expanded access to talented individuals from a broader geographical pool, according to 43% of global CIOs.

Why do CIOs consider flexible working arrangements important for talent recruitment and retention?

Nearly half (48%) of CIOs consider flexible working arrangements as a key factor for talent recruitment and retention.

What percentage of CIOs confess to hiring individuals they have never met in person?

The study reveals that 32% of CIOs confess to hiring individuals they have never met in person to tap into a global pool of workers and partners.

What is the new normal for businesses in terms of office presence?

The study indicates that the new normal for businesses involves employees spending three or fewer days in the office.

What is driving the rising demand for hybrid or remote working?

The rising demand for hybrid or remote working is driven by cost-of-living pressures, according to 44% of global CIOs.

What are some challenges faced by CIOs in implementing hybrid or remote working?

Some challenges faced by CIOs in implementing hybrid or remote working include application performance across multiple locations and delivering round-the-clock support across different time zones.

What does Ben Elms, Chief Revenue Officer at Expereo, emphasize in relation to remote working?

Ben Elms emphasizes the importance of technology that facilitates connectivity and collaboration in a remote working environment.

What is the key takeaway regarding global enterprises and their struggle to hire high-value workers?

The key takeaway is that global enterprises face obstacles in hiring high-value workers, but adopting hybrid or remote working policies enables them to access a wider talent pool.

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

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