Recently Bob Nardelli, current CEO of XLR-8, LLC, Investment & Advisory Co., took to LinkedIn with an article about industry growth. He reminisced about a time when companies could develop a two- or three-year plan, based upon their strategy, structure and staff. Today, he says, plans are put in place for two or three days. He notes that those with long-term strategies are continually faced with short-term issues and uncertainty which can wreak havoc on their businesses. Finding the right talent can help a corporation move forward during those pivotal moments.
As Judith Rodin, president of The Rockefeller Foundation says, at the center of all this change is technology. As businesses harness all of the improvements technology brings, they must hire the right talent to utilize this technology, which means hiring for new skill sets.
The following is a list of positions for which competition is going to heat up going forward, so you must be more creative in how you find and keep them.
1) Data analytics experts. Now that market focus and customer trends are so critical, businesses should be addressing their customers more directly. Analytics experts can synthesize the data and are essential to industry growth. A data analytics expert can help analyze customer buying power and determine business trends. The median salary for professionals with big data expertise is $103,000 a year. The top three markets for these experts are San Jose/Sunnyvale/Santa Clara, San Francisco/Oakland/Fremont, and the DC/Arlington areas.
Just in the past year, demand for this position has increased by 96%, and Forbes says demand will keep growing.
2) CIO. While not a new position, the CIOs of the future must be more attuned to social media and its reach. The median salary for CIOs is currently $148,000 a year.
3) Chief risk officer. As experts predict more cyberattacks than ever this year, it is important that companies look to prevent them. A CRO will help keep a business protected, while knowing what plans to have in place in case there is a breach. The median salary for chief risk officers is $184,000 a year.
In any industry, it is important to stay relevant. To move forward, businesses need to add innovators. Businesses that don’t keep up will simply fade away.
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
