As municipalities struggle to rein in the virus, CEOs are stressing over their employees and customers. Strong-willed and goal-oriented Venturers will stop at nothing to achieve their innovative objectives. Researchers also wanted to better understand how remote work has impacted the effectiveness of executive teams. I mediate interpersonal conflict among team members at least once a month. Remote work came out of left-field for most CEOs. 266 Elmwood Ave Suite 931 The stakes are high, theres work to do, and teams must accomplish more with less. These versatile workers can transform their working styles to meet the needs of the team. To what extent has the strategic direction of your company shifted since March 2020? CEOs dont just recognize the need to optimize their talent; they also need help doing so. Align business strategy and people strategy, Explore our resource and learning library, Explore our resources and learning library. Access tools to help you manage income and expenses. While a portion of CEOs tied conflict to competing goals or contrasting views of how work gets done, the largest proportion36%said conflict ties back to interpersonal struggles. The study continued by asking CEOs whats keeping them up at night. They are extraverted, supportive, encouraging and thrive working in a team setting. As of September, 78% of CEOs believed their executive team had strong cohesion. Management Workshops & Consulting Services, Get Your PI Talent Optimization Certification. Thirty-six percent stated it was of high concern. Following such a drastic shift under short notice, senior teams are still acclimating to the current world of perpetual Slack messaging and Zoom meetings. by Robert T. Kiyosaki and Sharon L. Lechter C.P.A., on July 20, 2022. Questions had response formats designed to balance the richness of data to be collected with the ease of responding. Forty-nine percent of CEOs said Purchasing a new software or systemup 19% from 2019. They are extraverted, supportive, encouraging and thrive working in a team setting. These teams strive for consensus, prioritize group decision-making, and put a premium on interpersonal relationships. "Using the Predictive Index Job Assessment we can decide internally what the profile of an ideal candidate is before we actually start the interview process. Consider something in healthcare such as nursing, occupational or speech therapy. In doing so, youll demonstrate not just expertise, but value. View our Privacy Policy. Design and execute a winning talent strategy with PI. A director or manager of an innovative team would be a great position. The answer is: not necessarily. To answer these questions, The Predictive Index surveyed 160 CEOs in September 2020 about their top priorities and concerns. The topics were selected based on a set of research questions identified by subject matter experts as being relevant to emerging trends in executive leadership and strategic planning since the onset of the COVID-19 crisis. While achieving them requires a strong business strategy, executives cant afford to neglect talent strategy. Promoters are the kinds of workers that you want on the front lines. Sixty-nine percent of those surveyed said their company suffered layoffs or furloughs since March 2020. Scheduled Infrastructure Maintenance. They are unlikely to incite conflict and take steps to ensure everyone agrees before moving forward. Head Office Thankfully, a modern breakthrough of technological innovation has attempted to solve that problem: the emoji. The company culture will essentially have to be rebuilt around the new CEOs behavioral drives in order to thrive. Companies may be committed to remote work, but that doesnt mean the shift has been easy. By creating a Learn account, youre agreeing to accept The Predictive Index Terms of Service. For more information, check out our privacy policy. Administration, logistics, computer technology or clerical work could be great industries to look at. The Predictive Index, 2023. If youre thinking of hiring a general management consultant, would you value their ability to develop a talent strategy in addition to business strategy recommendations? Align business strategy and people strategy, Explore our resource and learning library, Explore our resources and learning library. Executing strategy can often feel like a game of telephone: If middle managers arent clear on the direction up top, that confusion will only amplify further down the org. These team cohesion issues arent just prevalent; for many CEOs, theyre exhausting. These workers are like the gears of a well-oiled machine. Select all that apply. To answer the question in a scientific manner, however, lets start by first determining if there is a universal set of behavioral drives for a CEO. Altruists are detail-oriented and unafraid to delegate tasks. PI identified 17 reference profiles in total. Strategist: An analytical, innovative individual who is willing to take calculated risks. Oh my. Most of us CEOs have probably considered this before and have some thoughts one way or another about ourselves. If so, you are more than likely an individualist. Only 79% of CEOs agreed with the statement, down 4% from March. Typical CEOs embrace change, and they can often be found starting arguments just to stir the pot and see what comes out. Real-time trigger alerts. Historically, in what areas have you used consultants for help with business strategy and execution? Another option could be inside sales or a role in the marketing and advertising world. Look for a detailed-paper when identifying the Strategist PI emoji. Join our global network of 400+ PI Certified Partners, and add the leading talent optimization platform to your consulting toolbox. While COVID-19 has radically altered life at home, its also forced companies to make tough decisions about their workforce and teams. Would you consider yourself to strive in social settings? Aug 15, 2019. The findings stood out immediately: As shown in the table below, CEOs whose operations are almost entirely remote tend to experience greater team struggles than CEOs with less-distributed teams. Before making a decision, they need to ensure they can gather all the relevant data. For example, are you on fire with out-of-the-box solutions but have trouble maintaining regular production of last weeks idea? The Controller is your go-to person when you need to a project to be in order. They want something thats tailored to the needs of their business. Red Wolf Group founder and CEO, Alicia Lykos, tells you all you need to know about each Predictive Index reference profile to help you understand each indivi. At The Predictive Index, we develop the systems and methodologies for talent optimization, and we bring that discipline to you through a platform Managing Director, Co-Founder Phoenix Strategy. With this free 6-minute sample assessment, you can experience what our flagship Behavioral Assessment can uncover about you, your team, and how you can work better . From supply chain disruptions to evolved buyer cycles, COVID-19 didnt just alter the landscape; it redefined it. The Predictive Index Behavioral Assessment categorizes each adjective on the list of 86 options. The CAPTAIN Profile | 17 Reference Profiles | Predictive Index - YouTube Red Wolf Group founder and CEO, Alicia Lykos, tells you all you need to know about each Predictive Index. But their people issues arent going awayand the need for cohesion cant be overstated. A Venturers PI emoji consists of a sail-boat, making its way through the water. Last year, finding the right talent was the No. And CEOs adapted. The study began by asking CEOs to what degree the pandemic has forced their business to restructure. Are you deliberate, cooperative, reliable, and easily adaptable to situations? By creating a Learn account, youre agreeing to accept The Predictive Index Terms of Service. Only two profile types fall into this category: an. Virtual is the name of the gameand yet, consulting over Zoom calls and email feels hardly as personable. And CEOs recognize that power, too. Researchers asked them the following: As of September 2020, in which areas could you benefit from a consultant to help with talent strategy? Send us your details and book a 15-min call to discuss your goals. Because we wanted to explore the practices of people who directly set and influence business and talent strategies, we partnered with Qualtrics, an organization that specializes in surveying executive audiences. As shown below, CEOs that lead almost entirely remote teams are more likely to doubt their teams ability than CEOs with less-distributed teams. If you answered Yes to these questions, you more than likely may fall into this category. As of September, 83% of CEOs said their employees are clear on the strategy. A person who is great at working with others, extraverted, charismatic, open-minded, supportive, well-spoken, and ready for a challenge? Its no surprise employee productivity is a major concern for CEOs. When working with clients, focus on making the most of the people they have. Predictive Index Profiles refer to categories of similar driver scores. Another 20% of CEOs said Operational execution was their top prioritya sign that teams are prioritizing the quality and efficiency of existing teams and offerings. Good surveys begin with identifying the population of interest. Their answers provide a window into the minds of executive leaders during one of the most trying times in recent history. We enable leaders with the power and the knowledge, to better motivate, lead and utilize people to the best of their ability. The Altruist PI emoji is symbolized by a shining candle. Get full access to view . These teams strive for consensus, prioritize group decision-making, and put a premium on interpersonal relationships. Thats a 10% decrease from March 2020. Not only does remote work change how teams communicate and collaborate; it can decrease employees confidence in the strategy. Senior leadership should feel confident it has the right teams to execute strategy. Would you consider yourself to strive in social settings? If you fall into this category you are typically a detail-oriented individual who focuses on collecting thorough data. Only two profile types fall into this category: an individualist and a scholar. To succeed, leaders will need to rely on their people more than ever and build dream teams that get the work doneno matter what the future holds. Annual CEO Benchmarking Report 2021 Consultants - The Predictive Index ANNUAL CEO Benchmarking Report 2021 160 CEOs reveal their top concerns and priorities in a post-COVID remote world. First, researchers asked CEOs whether at least 90% of their employees were currently working remotely full-time. Researchers asked CEOs that have experienced team conflict to describe what it most often relates to. Their answers provide a window into the minds of executive leaders during one of the most trying times in recent history. Understanding how you are wired will enable you with the confidence that you are the right candidate for the position and/or industry by allowing you to take a deeper look into how you function internally. Can you relate? In closing, your DNA combined with your life experiences play a large role in why youre a CEO, but if youre a successful leader, you no doubt have many people around you to thank. By submitting my information, I agree to be subject to PI's Terms of Use and Privacy Policy. For 2021, CEOs must build on those learningsand ensure their teams are equipped for the work ahead.. To identify an Analyzer using PI emojis, look out for the magnifying glass. While achieving them requires a strong business strategy, your clients cant afford to neglect talent strategy. Although they require time, Specialists are the most reliable workers when detail is of the utmost importance. Critical team issues require critical attentionbut CEOs are busy, especially amid a pandemic. As remote work disrupts the way teams work, its also eroding the confidence CEOs have in their teams to get that work done. Which of the following are of high concern to you? By leveraging these data points, leaders can build dream teams that are cohesive, trusting, and intentionally designed to tackle the work at hand. And that means helping clients build a talent strategy that prepares their employees for the work ahead. To help your clients build momentum, first ensure their teams are engaged and motivated to hit their goals. By adopting a discipline like talent optimization, you can build off a proven framework, customizing your recommendations based on the needs of your clients. When cohesion is an issue, conflict typically isnt far behind. Researchers asked CEOs how confident they are in their executive teams ability to deliver on short- and long-term strategic goals. Confident and fast-paced, Mavericks come into projects expecting to impact the status quo. Jobs that fit this profile type include; different sales or account management positions that have quotas to be met or possibly staffing and recruiting positions. Most executive teams recognize the need for talent optimization, even if they dont know it by name. We wouldn't be achieving the recognition and seeing the growth we've had without it.". While others shout and steal the spotlight, you can trust Specialists to diligently be reading the fine print in the background. Although they are solitary by nature, when you enter their space of expertise they are informative and authoritative. What percentage of your companys employees have been laid off or furloughed since March 2020? Partner with someone who excels at maintaining. View latest updates. Teams that overcome the stress and grow closer in spite of it will be all the stronger., Allison Siminovsky, Ph.D. Director of People Science at The Predictive Index. And CEOs recognize that power, too. Please check your email for your account information. Talent optimization is a comprehensive discipline. And if you lack more CEO drives than you have, there is still hope if you surround yourself with people who fill your gaps. For example, one executive team may discover its a Cultivating Team. Possibly consider being a teacher or social worker if you are an altruist. Any group in need of an unwavering leader should look for a Captain. Consider how remote work impacts the way teams communicate and collaborate, then tailor your recommendations to fit these needs. They often see the result, and create it. . See how we work and the ZenBusiness difference. Executive strategy and the work to be done, Building dream teams with talent optimization, The coronavirus has put an unprecedented strain on executives and their people. This profile type would excel at data entry, clerical, executive assistant, or customer service. 2021 is a whole new ballgame for CEOs and their teams. To improve team collaboration, communication, and cohesion in a meaningful way, CEOs must take a new approach to talent strategy: one that requires understanding themselves, their teams, and their strategytogether. Characteristically, the Persuader PI emoji boasts a shining microphone as its symbol. Controller: You are considered the go-to person, someone who will get the job done in a disciplined, fast-paced manner. Specialist: An extremely reliable person who will get the job done, someone who will read the fine print in any situation. As a certified partner of PI, Wipfli can help you use this behavior assessment tool to design great teams and lead them through anything . Doing so will free up clients time and pay dividends for their business. When asked whether theyre more likely to hire a consultant who implements an off-the-shelf process or system, versus one who offers customized engagements, 85% of CEOs selected the latter. COVID-19 has radically altered the consulting landscape. They are visionaries and are able to see the big picture. The typical profile of a CEO is someone who has the need to be in control, to dominate, to be autonomous, to take risks, to compete, and to find out-of-the-box solutions. I would investigate the HR world if this is you! There are seventeen different and unique profile types that are then broken down into four categories: Analytical This category consists of six different profile types: Analyzer, Controller, Venturer, Specialist and Strategist. Layoffs bring feelings of anxiety and guilt for employees who remain. With Predictive Index a talent optimization platform used by thousands of organizations around the globe for more than 65 years we can help you tie your people strategy to your business strategy. For more information, check out our privacy policy. They are reliable and relaxed individuals who are informal in their work, but rarely drop the ball. With 2020 nearly in the rearview mirror, CEOs are focusing on whats ahead. Below are roles that could be a great match if you fall into this category. Theyll also learn how these strengths and weaknesses map back to the business strategy. Director or VP of. Proven framework for aligning business strategy and people strategy for business results. In the 2019 CEO Benchmarking Report, the top answer among respondents was Employee performance and productivity. Possibly consider being a teacher or social worker if you are an altruist. Researchers asked CEOs to answer twice: once for how theyre feeling now (September 2020) and again for how they felt back in March 2020. Respondents were presented with the following statement and asked to respond via a 5-point Likert scale (1=strongly disagree, 2=disagree, 3=neither agree nor disagree, 4=agree, 5= strongly agree): Employees across the company clearly understand the companys mission and strategy. Shelley Smith is a Senior Consultant withPIMidlantica management consulting agency located in Annapolis specializing in the Predictive Index. Client on-sites arent happening, because clients arent on site at all. Take the Cultivating Team from before: The team may value consensus, but if the strategy requires quick decision-making, consensus wont always be possible. By creating a unique emoji for each of the Predictive Index's 17 unique reference profiles, users of the PI are able to better understand what each profile entails with a simple glance. Mavericks: A person who has high aspirations and takes risks! As of September 2020, in which areas could you benefit from a consultant to help with talent strategy? Scholar: Someone who is a natural go-getter! Copyright 2022 Predictive Success Corporation. Another option would be to investigate the consulting world. Essential workers are servicing their community while wearing masks and worrying about getting sick. As a leader, this is invaluable. This person is a precise, dependable, and steady worker. It was the most popular response by a wide margin. We have staff and local coverage in all provinces across Canada. 160 CEOs reveal their top concerns and priorities in a post-COVID remote world. Do I need to give up on that dream? Of the organizations that restructured, 28% let go at least one-fourth of the company. Although naturally introspective and reserved, Strategists are always prepared with a plan and know how to direct an organization long-term. Captain: A person who is always willing to accept a challenge. Are you deliberate, cooperative, reliable, and easily adaptable to situations? It was the most popular response by a wide margin. Many others were forced into remote work. Its no surprise employee productivity is a major concern for CEOs. They are fluent conversationalists that ask questions and listen intensely to everything you have to say. Promoters: Individuals who you want working on the front lines. But with COVID-19 and the economic downturn, CEOs have had to cut costs and reduce spendingand that means many companies have had to slow or freeze hiring. And this starts with helping clients build dream teams that get the work doneno matter what the future holds. But with COVID-19 and the economic downturn, CEOs have had to cut costs, reduce spending, and slow or freeze hiring. When asked what is their No. Which of the following options would you be most likely to select when you need help with business strategy or talent strategy in the future? For example, one executive team may discover its a Cultivating Team. They are someone who brings reliability to the workforce. Despite the interpersonal conflict executive teams face, the majority of CEOs are committed to the long-term mentorship and development of their people. Just as the name suggests, Venturers are characterized by people who explore. Just as a house needs a strong foundation, every team needs a strong backbone. Collaborators: These individuals are great team players! Theyre also worried about Customer satisfaction, which saw an 8% increase from 2019. Venturer: This person likes to take charge! Within the stabilizing category, there are four different profile types: . Marketing, Strategic planning & growth could also be areas to consider &/or digital marketing roles. After all, profitability depends on productivityand that hinges on people. In September 2020, The Predictive Index surveyed 160 CEOs about their top priorities and concerns. Youll discover whats fracturing senior leadership and why team cohesion is critical to success. A whopping 79% of CEOs indicated theyve used consulting software for help with business strategy, talent strategy, or both. The research sample was restricted to 160 chief executive officers, presidents, and chairpeople at U.S. companies with 25-1,000 employees. View a side-by-side comparison and learn the difference in what we offer. Talent optimization hinges on aligning both sides of the equationso the fact CEOs are struggling with both shows how valuable a consultants perspective can be. This is usually the person who is considered the backbone of the organization. All of the best leaders, so-called CEO DNA or not, are in tune with their strengths and weaknesses and know when to let others lead. Thats talent optimization: a powerful discipline that helps leaders put people in the right places, at the right times, for the right business needs. Theyll also learn how these strengths and weaknesses map back to the business strategy. These traits are measured against the result of the assessment to determine how the candidate falls into each category. Other potential roles may include a sales manager position, or a role in the nonprofit sector. Other executives include Mike Zani, Chief Executive Officer; Jackie Dube, Chief People Officer and 14 others. Hows senior leadership holding up? I would like to receive marketing emails from The Predictive Index. All Rights Reserved. They approach tasks with an open mind and are friendly, supportive, and patient. As of September, 78% of CEOs believed their executive team had strong cohesion. Between navigating the pandemic, the economy, and a remote future, CEOs have critical business problems to solve. So when trying to solve these problems, its critical to take a people-first approach. Employees across the company are able to effectively communicate the companys mission and strategy to others. Considering if your personality type matches your job is an extremely valuable exercise and is often overlooked. Toll Free:1.855.430.9788, Vancouver | Edmonton | Winnipeg | Toronto | Ottawa | Montreal | Halifax. Youll also learn how to build dream teams that work like magicusing talent optimization. Find out how you can help them build dream teams that get along and get the job done in the year to come. First, researchers asked CEOs whether at least 90% of their employees were currently working remotely full-time.