The Search For Digital Talent
CEO India|October 2018

Transparency Can Be The Key In Finding And Retaining The Talent You Need

Saul Plener And Penny Partridge
The Search For Digital Talent

It’s an exciting time to be CEO of a private company, but by no means is it easy. According to PwC’s 21st CEO Survey almost three-quarters (74 per cent) of private company CEOs are concerned about the speed of technological change and its effects on their business.

Indeed, new technologies and digital systems are being introduced at a rate never seen before, reshaping the way we all do business. Private companies that currently lag their public counterparts in attracting digital talent need to take note of this deficit if they want to drive innovation, improve decision making, enhance customer experiences, and create better business models. More to the point, they need to take technology seriously.

On average, the CEOs who responded to our private company survey appear markedly less concerned than public company CEOs about the acceleration of technological change, and the cyber threats that inevitably come with it. Alarmingly, 22 per cent of private company CEOs are not concerned at all about cyber threats. As such, it’s worth asking whether private companies are taking these digital disruptions as seriously as they should be, and are they acting quickly and strategically to seize opportunities and reduce risks?

Over 60 per cent of private company CEO’s agreed that digital transformation can be disruptive to a business and leaders need to be prepared. Here are some important considerations for private company leaders considering how digital and technological advancements will shape the future of their businesses.

BE TRANSPARENT WITH PLANS FOR DIGITAL ADOPTION

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