C-Suite Leaders Need Skilled Talent For Survival

C-suite leaders recognise that to survive in the future of work, their organizations will need a higher proportion of highly skilled workers.

- Shahrizal Mohd Suffian

Scenario planning is critical to business advancement, but it is also now crucial for leaders to have a resilient ‘people plan’. As skilled workers become the lever of growth in the new economy, organizations must shift their mindset to become more agile and adopt the long view when devising their talent strategy, said Shahrizal Mohd Suffian, Senior Client Partner, Advisory, Korn Ferry Malaysia.

According to The Talent Shift Study by Korn Ferry (NYSE: KFY), Malaysia’s C-suite are cautious about skilled talent supply with 96 percent stating they would need a higher proportion of skilled workers in the future. While an encouraging 88 percent have a formal forecast for their future skilled talent needs, the study revealed that many leaders see talent challenges as cyclical instead of a permanent structural change, with only 16 percent of those with a formal forecast planning through to 2030.