Forward-Looking C-Suites Are Driving a Revolution in Workforce Strategy.
dynamic workforce™
There’s a Quiet but Powerful Revolution Underway
A quiet revolution with the potential to dramatically transform the composition of the workforce. Spurred by the rapid pace of transformation—and driven by the C-suite —the most successful companies at transformation are creating a very intentional ecosystem that includes an almost 50-50 split between full-time employees and outside talent.
scope of research
Research Overview
To understand the challenges large companies face in executing mission-critical projects, we surveyed 404 senior executives, with $1 billion or more in revenue, in September 2022 across North America, Europe and Asia Pacific, and in four global industries.
executives
404
Senior executives surveyed
industries
4
Key industry sectors
revenue
$1B+
Annual revenue per company
our research
42
Companies that did not have enough internal talent to fully staff their transformation initiatives
42%
the challenge
42% of companies did not have enough internal talent to fully staff their transformation initiatives in 2022.
dynamic workforce™
An Enormous Competitive Advantage
When successfully orchestrated, a Dynamic Workforce™ delivers significant financial returns. Companies that were best at executing transformation saw their market capitalization increase by an average of 54% over the last five years.
Companies that are better at using the Dynamic Workforce™ model for transformation are beating those that cling to the static model in various areas. The best companies are nearly twice as likely to gain competitive advantages.
Key Insight
The Dynamic Workforce™ model helped companies we studied to become more efficient, agile and innovative. But this requires a new level of openness and transparency, a culture of intense innovation, and a workplace that is highly automated and digitized.
our model
How the Best Companies Fill Critical Skill Gaps To Execute Transformation
Among the global companies we surveyed, the average organization was managing 20 ongoing transformation initiatives at any given time—a number they predict will increase over the next few years. This has only increased pressure to find the highly skilled talent to execute these important business transformations.
The most successful companies utilize a mix that includes almost 50% outside talent. They rigorously scope out the right skills, bringing individuals together to form an extraordinarily collaborative unit with a strong sense of both culture and purpose.
0% Outside team members
2020
2021
2022
“The Dynamic Workforce™ model is here for the foreseeable future. I don’t see us going back.”
Guru Ramamurthy
Bayer U.S. Chief Financial Officer and Chief Financial Officer of Asklepios Biopharmaceuticals Inc. (AskBio)
our method
Creating a Successful Dynamic Workforce™
Based on our research, we see six major elements to making the Dynamic Workforce™ model work for corporate transformation initiatives.
1
Bring the right people to the table to devise the workforce model.
2
Shift workforce model design from “jobs” to “skills”.
3
Right-size initiatives with the optimal number of people on the team.
4
Select the optimal mix of employees and external talent and which skills to “own” versus “rent”.
5
Find strong candidates and evaluate for expertise and culture fit.
6
Create a positive team culture and keep it strong.
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