Executive Research has come a long way from simply being a support function for Executive Search. Nowadays, those skills and expertise are being adapted to provide a variety of solutions for business-facing challenges in today’s ever-evolving marketplace.
Will Kinkead may have only just joined the Emu team, but he is already bringing his passion and knowledge on executive research and Talent Intelligence, and opening doors for innovation and growth. He gives us his top three reasons every executive search will benefit from investing in a research and talent mapping.
1. Internal Talent vs The Broader Market - the use of talent mapping when hiring internally
Comparing an internal candidate to external candidates helps decision-makers better understand the relative strengths and weaknesses of each option. This data-driven approach ensures that the decision to promote internally is based on a well-rounded assessment of skills, experience, and potential. Benchmarking internal hires against the external market minimises risk, and ensures that companies make well-informed, competitive, and fair decisions when considering promotions or role changes. It's a strategic practice that supports both the organization's bottom line and its commitment to employee development and engagement.
2. How do you know what best practice looks like? Companies are reaping the benefits of better understanding their competitors
Understanding competitor structures and organisational design provides valuable insights that can guide decision-making processes, enhance competitive advantage, and contribute to the overall growth and success of your business. By studying what your competitors are doing and how their businesses are structured, you can find ways to offer something distinctive or improved to your customers and/or employees alike, giving you a competitive edge and inspiring differentiation. Increasingly, Competitor Intelligence is being used to also understand the inner workings of industry leaders and what makes them best-in-class, enabling you to fine-tune your organisational structure for optimal efficiency and innovation.
3. How Executive Research Insights propel companies forward
Executive research extends beyond mere market analysis. They offer a vantage point to observe and comprehend the challenges that employees navigate within specific sectors. The corporate landscape is constantly evolving, as are the needs and wants of employees across all industries. Whether it's understanding the changing needs of a remote or digital workforce, identifying skill gaps that hinder growth, unravelling the complexities of cross-cultural dynamics, or recognizing the nuanced factors affecting workplace satisfaction; these insights reveal the interplay between corporate dynamics and individual aspirations. They empower executives to craft tailored strategies that address these challenges, nurturing a workplace environment that resonates with employees while fostering growth and satisfaction.