Boyden Executive Monitor finds tech and multimedia hiring to remain robust
“We expect a sharp increase in talent acquisition by high tech companies, as technology and multimedia further penetrate all industries,” said Trina Gordon, President & CEO of Boyden Global Executive Search. “Top Chief Information Officers will also be in even greater demand across all sectors as their roles emphasize more leadership and holistic functions.”
The report’s analysis includes key trends in technology and multimedia affecting hiring in the first quarter, as well as trends that are expected through 2014, including heightened competition for top talent, a meteoric rise in big data, and innovation talent continuing to be a primary differentiating factor at juggernauts such as Apple, Facebook and Google.
The Boyden report also adds the following to the human capital equation:
• Budget growth and increased spending in tech departments
• Industry transitions in cloud and mobile computing
• Increasing demand for world-class CIOs
• Innovation and creativity as the drivers of media and entertainment companies
• A growth arc of emerging markets as an industry driver
“The emergence of advanced enterprise solutions is driving the need for executives in the sector who understand the challenges of this new frontier,” said Neil Sims, Leader of Boyden’s Americas Technology Practice and a Partner at Boyden San Francisco. “Business buyers are transforming their companies and taking advantage of the value created by the capture of large amounts of data. & lsquo;Big data’ and related analytical tools that produce powerful market insights are focusing on competition and targeted executive hiring.
“Global companies are also facing new challenges as they embrace hosted solutions known as Saas [software as a service] that offer access on the cloud and no longer control a company’s information behind corporate firewalls,” Mr. Sims added. “Issues such as data security and remote access to a company’s records via mobile devices are inspiring new innovation to solve these weaknesses.”
“Developing markets will play an integral role in the long-term growth of technology and multimedia sectors,” said Pierre Fouques Duparc, Leader of Boyden’s Global Technology Practice and a Managing Partner at Boyden France. “In technology, we expect the BRIC and the key emerging markets to continue to outpace expansion in the US, UK and Western Europe. The battle for top senior management is often even bigger in developing markets, pushing up compensation to ever greater levels in many cases.”
The Boyden Executive Monitor is a quarterly report on the key issues that provide opportunity and challenges in senior management acquisition and retention in major sectors including industry trends, global economics, public policy and regulation, and demographics. The series includes focus on Consumer/Retail, Financial Services, Healthcare & Life Sciences, Industrial/Energy/Mining and Technology/Multimedia sectors. The full Boyden Executive Monitor report is available at www.boyden.com.