Business Talent Group's 6th annual
Skills Index shows significant skill needs in the finance function,
for operational excellence initiatives across the board and for the
adoption of AI
LOS ANGELES, Aug. 9, 2023 /PRNewswire/ -- Business Talent
Group (BTG), a Heidrick & Struggles (Nasdaq: HSII) company
and the leading talent marketplace for independent management
consultants, interim executives, subject matter experts, and
project managers, today released its sixth annual Skills Index,
revealing the most in-demand and fastest growing skills leveraged
by global companies to seize growth opportunities amid ongoing
economic uncertainty and rapidly emerging technologies.
With more than three-quarters of (77%) employers having
difficulty finding skilled talent, the struggle to fill
organizational gaps has significant financial implications—50% of
CEOs and CFOs anticipate their organizations will struggle to meet
customer demand with their current talent models. This has
paved the way for innovative solutions, such as high-end
independent talent marketplaces, which can help equip organizations
with the skills and talent they need to succeed now and in the
future.
"The skills landscape is evolving at a breakneck pace and can
have a pronounced impact on an organization's ability to remain
competitive and profitable," said Sandra
Pinnavaia, EVP, Chief Knowledge & Innovation Officer,
Business Talent Group. "Organizations are currently working to
keep up with the pace of technological and innovative change, all
while navigating a shifting labor market and economic uncertainty.
These equally important yet competing priorities call for a wide
range of skillsets—and today's business leaders will need to
embrace creativity and agility in sourcing them."
Key insights from the 2023 Skills Index include:
- Sustained demand for finance expertise
There is
sustained demand for on-demand finance professionals—with financial
controls, accounting, and audit serving as the #1 most in-demand
skill, followed closely by financial planning, analysis, and
modeling (#3) amid a 71% increase in the number of requests for
interim finance executives.
- Embracing AI and ever-more data and technology
The
impacts of emerging technologies are top of mind for organizations,
with businesses seeking on-demand talent skilled in technology and
systems implementation (#6), as well as AI and machine learning and
data science—each with a 100% increase in demand.
- A quest for operational excellence
Organizations are
looking to streamline their processes and boost efficiency with
help from on-demand talent skilled in organizational design and
workforce planning (#5), operational excellence (#9), supply chain
(#10), and organizational transformation (#13).
Top 10 most
in-demand skills for 2023 include:
|
|
1.
|
Financial Controls,
Accounting, and Audit
|
2.
|
Project
Management
|
3.
|
Financial Planning,
Analysis, and Modeling
|
4.
|
Growth
Strategy
|
5.
|
Organizational Design
and Workforce Planning
|
6.
|
Technology and Systems
Implementation
|
7.
|
Market Access and
Value
|
8.
|
Strategic
Planning
|
9.
|
Operational
Excellence
|
10.
|
Supply
Chain
|
Top 10 fastest
growing skills for 2023 include:
|
|
1.
|
Lean/Six Sigma/Total
Quality Management
|
+300 %
|
2.
|
Divestitures
and Spinouts
|
+200 %
|
3.
|
Program Management
Office (PMO)
|
+156 %
|
4.
|
Manufacturing
Strategy
|
+150 %
|
5.
|
Risk
Management
|
+150 %
|
6.
|
Artificial Intelligence
and Machine Learning
|
+100 %
|
7.
|
Data
Science
|
+100 %
|
8.
|
Turnaround and
Restructuring
|
+100 %
|
9.
|
Treasury
|
+100 %
|
10.
|
Channel
Management
|
+100 %
|
About the research
The Skills Index is an
annual examination of proprietary data on thousands of on-demand
projects—from enterprise and mid-market companies to private equity
firms and global nonprofits. BTG's report informs business leaders
of key areas of demand in 2023, including talent skilled in helping
clients meet pressing finance needs, transform operations to
enhance efficiency, seamlessly adopt new technologies, and place
intelligent bets for growth.
About Heidrick & Struggles
Heidrick & Struggles (Nasdaq: HSII) is a premier provider of
global leadership advisory and on-demand talent solutions, serving
the senior-level talent and consulting needs of the world's top
organizations. In our role as trusted leadership advisors, we
partner with our clients to develop future-ready leaders and
organizations, bringing together our services and offerings in
executive search, diversity and inclusion, leadership assessment
and development, organization and team acceleration, culture
shaping and on-demand, independent talent solutions. Heidrick &
Struggles pioneered the profession of executive search more than 65
years ago. Today, the firm provides integrated talent and human
capital solutions to help our clients change the world, one
leadership team at a time.® www.heidrick.com
About BTG
Business Talent Group (BTG) is the leading
talent marketplace that connects independent management
consultants, subject matter experts, project managers, and interim
executives with the world's best companies. BTG provides just the
right on-demand talent needed: remote or on-site, part-time or
full-time, individuals or teams, all around the world. That's why
more than 50% of the F100 and hundreds of other leading companies
trust BTG to curate, vet, and compliantly deliver talent who fuel
growth, innovation, and performance improvement. BTG is a Heidrick
& Struggles company (Nasdaq: HSII). businesstalentgroup.com
Media Contact
Molly Coughlin
Manager, Public Relations, Americas
Heidrick & Struggles
mcoughlin@heidrick.com
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