Gig Executive: The Ultimate Hybrid Talent ModelĀ
Somewhere betweenĀ the Great Resignation or the Great Realignment, the hybrid workforceĀ is gatheringĀ momentum. The way people want to work is changing, and the wayĀ organisationsĀ need toĀ engageĀ talentĀ has reached an inflection point.Ā Ā
Itās time to think more flexibly about flexible work, because itās one of the few permanent fixtures of our working future. Ā
Gig Executive isĀ the livelyĀ youngerĀ sibling of renowned executive search firm Fisher Leadership,Ā and ourĀ uniqueĀ brand of hybrid talent strategyĀ has flourishedĀ due to the disruption of the global pandemic.Ā The talent landscape has fundamentally shifted, and we are here to help youĀ evolve your thinking fromĀ theĀ hybrid workplace, to theĀ hybrid workforce.Ā
Gig Executives were once thought of as a rare breed. These seasoned leaders preferred to pick and choose purpose-driven challenges with clear-cut success measures over the safety and certainty of long-term employment. Between high profile gigs, these executives could spend more time with kids or grandkids, tending to their side hustle, fulfilling items on lifeās bucket list, or traveling to faraway places. But today, this ārare breedā is becoming more commonplace. Talented people everywhere are re-evaluating priorities, home bases, and their entire lives. An increasing number of highly experienced executives are choosing new hybrid models of work-life integration. They bring a blend of change-appetite and change-management experience that translates into a competitive advantage for any organisation.Ā
Four reasons you should think aboutĀ engaging a Gig Executive:Ā
1) Right talentĀ
One of the exciting outcomes of the shift to remote work is that it widens the talent marketplace. Remote job postings on LinkedIn increased more than five times during the pandemic, and people are responding. Karin Kimbrough, Chief Economist at LinkedIn, says this trend isĀ democratisingĀ access to opportunity on one hand, andĀ democratisingĀ access to talent on the other.Ā The hybrid workforce dramatically reduces barriers to engaging the right talent, at the right time.Ā
TheĀ Work Trend IndexĀ survey was conducted by an independent research firm, Edelman Data x Intelligence, and referencedĀ 31,092 full-time employed or self-employed workers across 31 marketsĀ early inĀ 2021.Ā The survey showed that over 70 percent of workers want flexible remote work options to continue, while over 65 percent are craving more in-person time with their teams.Ā It’sĀ likely three main models willĀ emergeĀ āĀ centralisedĀ workplaces,Ā decentralisedĀ remoteĀ organisations, and the hybrid ābest of both worldsā approach.Ā With over 40 percent of the global workforce considering leaving their employer this year, a thoughtful approach to hybrid work will be critical for attracting andĀ retainingĀ diverse talent.Ā
2) Right timeĀ
AsĀ organisationsĀ prepareĀ forĀ 2022, the hybrid workforce holdsĀ the keys to scaling capacity and capability on demand.Ā Anticipating required skills and capabilities and inspiring a mindset of constant evolution and adaptation will be crucial.Ā What capabilitiesĀ doesĀ yourĀ organisationĀ need in two months, six months, twelve months? And where should you deploy these?Ā Adding Gig Executives into the talentĀ strategy mixĀ not only allows decision-makers to supercharge critical projects orĀ āturn onāĀ requiredĀ skillsĀ quickly,Ā but alsoĀ allowsĀ the rest of the workforce greater flexibility in how, when,Ā and where they work.Ā Employers are coming to understand the critical importance of building employee health and wellbeing (including mental health) strategies into their game plan.Ā Gig Executives can relieve the pressure ofĀ an exhaustedĀ teamĀ or inject fresh energy into an initiative that has become stuck.Ā Ultimately, Gig Executives support a more adaptable and resilient workforce to thrive in the future of work.Ā Ā
3) Right taskĀ
GivenĀ the rapid pace of change when it comes to skills and learning, leaders need to tool their teams toĀ leanĀ intoĀ the reality ofĀ constant disruption. Gig ExecutivesĀ can help develop,Ā organise, andĀ optimiseĀ existing talent. TheyĀ have been described as āconsultants thatĀ doā,Ā andĀ play a crucial role in empowering teams with best practice knowledge to applyĀ to a taskĀ at just the right time.Ā Ā Research from Gartner says, “To build the workforce you’ll need post-pandemic, focus less on roles ā which group unrelated skills ā than on the skills needed to drive theĀ organisation’sĀ competitive advantage and the workflows that fuel this advantage.”Ā TheĀ GartnerĀ survey showed that 80% of the workforce, 92% of managers and 77% of senior leaders already felt poorly prepared for the future. A significant 40% of employees said theyĀ frequentlyĀ completed responsibilities outside of their role.Ā
When we take a briefing call with our clients to engage a Gig Executive, we are always listening beyond the clientās immediate challenge to unlock a more powerful solution for the task at hand. Skills are critical because they address core business challenges. The result being that a Gig Executive is selected on the basis of current and relevant competencies to enable a clear mandate for success. When it comes to task completion, Gig Executives tend to be laser-focused on their mission.Ā
4) Right tableĀ
As global travel and skilled migration hasĀ been limitedĀ in Australia, our collaboration potential and ability to innovate areĀ beingĀ threatened.Ā We know cognitive diversity around decision-making tablesĀ is essential toĀ risk mitigation, robustĀ ideationĀ and ethical leadership.Ā Ā For instance, companies in the top quartile for ethnic and cultural diversity on executive teams outperformed those in the fourth quartile byĀ 36% in profitability,Ā according toĀ McKinseyĀ research.Ā Gig Executives often come with a wealth of diverse experience and the confidence to share their knowledge with the team. Curating the right mix of leaders at the table, at the right time, will be a critical enabler of better decision-making moving forward.Ā Ā
With right talent, right time, right task, and right table on our side, which side of hybrid history will youĀ be standingĀ on?Ā As you create the hybrid workplace of theĀ future,Ā isĀ itĀ time to rethink your talent strategy to include the hybrid workforce as well?Ā
Reach out to me or one of my whip-smart and hybrid savvy team for a conversation.
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