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Executive Job Outlook

There is no better time to be a CIO than now. If there is one role in the executive suite that will have impact in the next five years it is that of the IT leader.

PWC put out a study which said that the top five concerns of CEO are: Security, Analytics, Mobility, Cloud and IoT (Internet of Things). They are ALL technology related. If this isn’t a huge opportunity for the CIO, then I don’t know what is! 

CIOs have the ability to drive both the top and bottom lines of an organization – we just have to take the opportunity that currently presents itself, get our ideas out, and be effective players in the leadership team. It’s all about adding value and the art of the possible.

This article addresses what CIOs can do about the top line.

BlueSteps chats with Matt Comyns, Global Cyber Security Practice Leader at Russell Reynolds Associates, about the latest trends for technology executives in the CIO, CTO and CISO roles. Download the full white paper, Executive Search & Career Forecast: Evolving Technology and Security Roles.

What trends are you witnessing in the technology function as it relates to executive search?

BlueSteps chats with Paul Chau, Senior Client Partner, Global Technology Market at Korn Ferry, about the latest trends for technology executives in the CIO, CTO and CISO roles. Download the full white paper, Executive Search & Career Forecast: Evolving Technology and Security Roles.

How would you describe the outlook for technology executives in Hong Kong and the greater China region?

The 2015 BlueSteps Job Outlook Report just released by Association of Executive Search and Leadership Consultants, shows that 72.4 percent of management-level professionals worldwide feel more optimistic about their career opportunities for 2015, an increase of 21.4 percentage points compared to the previous year. 88.2 percent of management-level professionals responded that they are open to new opportunities in 2015.

The last few years have seen increased Japanese investment in South-East Asia and India, spurred on in part by turbulent domestic economic conditions in Japan and ongoing geopolitical tension with China. The impact is being felt in boardrooms across the region.

Edward Lorenz coined the term the butterfly effect to refer to how small changes in weather patterns can lead to more significant changes over time. When Chinese/Japanese relations deteriorated in the wake of the Diaoyu/Senkaku Islands dispute, few could predict that it would lead to a surge in growth in South-East Asia, but the effect is clear. So strong is the connection, you could call it the Japan effect

Cybercrime has become a major issue for many consumer products and services organizations around the world. In the United States, security breaches are now a common occurrence for several top retailers, including Target, Home Depot, American Eagle Outfitters, Gap, Nike, Walgreens and others. How these organizations will successfully navigate these issues is yet to be seen, but one solution has been to hire new executive talent to lead their cybersecurity and press strategies.

While Spain has grabbed headlines for economic troubles and high unemployment rates, there are signs that there is now greater possibility for executive talent

Back in 2008 and 2009, Spain was hit particularly hard by the Global Financial Crisis. It had invested significant amounts in property redevelopment, and when the recession hit the consequences were great. The country, along with many other Southern European countries, struggled with high unemployment rates and public unrest, before being caught up in the Eurozone Crisis.

BlueSteps recently hosted an #ExecCareer Chat on the topic of Executive Search and the CMO Position, featuring Tom Fuller, Managing Partner, Epsen Fuller Group.
Some of the questions asked included:

Sector trends highlighted particular growth in the number of new searches started within the Industrial sector, up 15% between quarter one and quarter two, and 6% year-on-year. Industrial is currently the largest sector for retained search activity, commanding 26% of the global industry.

Kevin Logterman, Executive Vice President, Slayton Search Partners, says:
The Industrial sector has experienced a resurgence in the past few years, we believe due to increased financial performance coupled with pent-up demand for executive talent.  The increased demand for talent is particularly evident in two main functional areas: commercial (sales/marketing) and finance.

Social media is moving like a train with no brakes, providing a real time feedback mechanism for a multitude of companies. Consumers, both individual and corporate, now have multiple feedback forums. These forums can be used to tell others that, in an attempt to get to a live customer service representative, it takes seven automated screening prompts. After these prompts, you reach a live person who is likely from a developing country and is taught to respond to customer issues with only pre-prepared scripts.

The Legacy of Combined CIO/COO Roles