Olympic & Paralympic inspiration in the c-suite, Beating Chicago’s tech talent crunch, Market moves & transactions, FREE masterclass
In this week's Hanover Talent Insights:
🎖️ Olympic & Paralympic inspiration in the c-suite
⚙️ Beating Chicago’s tech talent crunch
💼 Market moves & transactions digest
📺 FREE masterclass: The Perfect Non-executive Director CV
Olympic & Paralympic inspiration in the c-suite: Strategies for leading a winning team
Paris, Friday 26th July - a brilliant and not-soon-to-be-forgotten opening to the 2024 Olympic Games. The whole world has kept its eyes glued to the screen, witnessing some already fantastic wins.
The Olympics are a treasure trove of inspiration for leaders. Olympian values offer profound lessons on what it means to be a great leader. By taking a leaf out of these athletes’ books, leaders, executives and managers at all levels can improve their performance, foster a winning culture within their teams and be the best version of themselves.
“Winning doesn't always mean being first. Winning means you're doing better than you've ever done before.”
- Bonnie Blair, American speed skater, five-time Olympic gold medallist
Excellence isn’t about outpacing others; it’s about constantly evolving your skills and abilities so that the ‘you’ of tomorrow is always better than the ‘you’ of today.
Olympians are paragons of how continuous improvement pays off. By being dedicated to not just your own growth, but the ongoing development of your team, you ensure sustained success.
As a leader, you should urge your team to celebrate small victories and personal bests. This creates a culture where progress and effort are valued as much as the end result, building motivated teams that demonstrate excellence in everything they do.
Beating Chicago’s tech talent crunch: How to attract the best people
Just as New York has Wall Street and Los Angeles has Hollywood, Chicago has its world-class tech hub, which has grown 18% in the last 10 years. But not even the Windy City is safe from the ongoing tech talent shortage. With less than 4% of its tech professionals unemployed, there’s simply not enough supply to fill open positions.
Today, the demand for tech talent in Chicago is snowballing. If your business is part of this tech scene, you may already be feeling the crunch. Perhaps you’re one of the 78% of employers facing hiring challenges in IT this year, or maybe you empathize with the 73% of CIOs who are worried about retaining existing tech talent.
Whichever boat you’re in, know that there’s hope on the horizon. Despite challenges, there’s a real opportunity to attract exceptional tech talent in 2024 - here’s how.
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Capitalize on the exodus of tech talent
In May 2024, researchers at the University of Chicago and Michigan published a study that showed high-ranking tech talent are leaving their companies in droves following the issue of return to office (RTO) mandates.
Apple, Microsoft and SpaceX all took a hit following the forced RTO, with their share of senior employees declining 4%, 5% and 15%, respectively. The study reveals that high-value tech talent won’t stay if their needs aren’t met - even if their company is the biggest in the world.
We see a similar exodus in Chicago, where several tech companies are making big layoffs. These, coupled with the stream of exiting tech leaders, create opportunities for tech companies to tap into new waves of exceptional tech talent.
This is your chance to get competitive by offering flexible work policies, better compensation, an innovative organizational culture or a sweeter work-life balance, just to name a few things. By adopting an ‘always on’ hiring initiative and tapping into the motivations of candidates, you’ll be able to capitalize on newly displaced tech professionals and beat the talent crunch.
Market Moves & Transactions Digest
If you are interested in receiving our latest copy of the digest to update you on the various market moves & transactions in the INSURANCE, PENSIONS and INVESTMENTS sectors please do get in contact with our Managing Partner, Rob Bulpitt.
City CV & Hanover present - The Perfect Non-executive Director CV
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- Avoid Common Pitfalls: Identify and avoid the common mistakes that can undermine your credibility and chances of securing a board role
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