Category: Business News
Emerging C-Suite Trends for 2025 – AI, Human-Centric Leadership and Beyond!
The Executive Leadership landscape will undergo significant transformation in 2025, in both Northern Ireland and further afield. This fast-moving and evolving business environment will present challenges and opportunities for C-Suite Executives. This article delves into some of the emerging trends that will shape the future of executive leadership and will offer some insights to help leaders navigate these challenges effectively.
The AI Revolution (the artist formerly known as Digital Transformation)
Businesses must embrace new technologies to stay competitive. Leaders will be in the driving seat when it comes to adopting and implementing these changes. This means understanding how data analysis, machine learning, and even (buzzword warning!) Artificial Intelligence (AI) can be leveraged in your business to make more informed decisions and improve operational efficiency. For example, Agentic AI, an advanced form of AI that autonomously performs tasks and solves problems is expected to bring a digital workforce that is more powerful, efficient, and accurate than ever before. Companies that fail to adapt to technological advancements risk falling behind their competitors. McKinsey & Company have some excellent reports on Digital Strategy and AI Integration if you are interested in reading more on this topic.
Human-Centric Leadership
Leaders must prioritise the human aspect of leadership to motivate and engage their teams. Human-centric leadership focuses on the value of empathy, trust, and building an inclusive workplace culture. Building trust and demonstrating empathy are crucial for motivating and engaging employees, especially in remote work settings. However, too much empathy and not enough honesty can also be detrimental. This is the theme of Kim Scott’s book, “Radical Candor”, in which she explores a methodology for clear, honest, and empathetic communication. The success of leaders at Twitter, Apple, and Google, in Kim’s opinion, is all down to following a form of radical candour. Embracing empathy, honesty, and building trust will be essential when navigating the changes that lie ahead in 2025.
Agility and Adaptability
In business change happens fast. As such leaders must be able to adapt just as fast. Agile leadership is one way to cultivate your ability to adapt quickly. It involves being open to new ideas, embracing change (as opposed to resisting), and swift decision-making. Leaders must be nimble and ready to adjust strategies quickly in response to global disruptions and technological advancements. Embracing agile leadership will help foster a culture of agility throughout your organisation. This means you will be able to respond more effectively to market shifts and disruptions.
2025 will see the introduction of agile leadership development programmes on a wider scale. As organisations continue to embrace agile ways for working, they need to enhance their leaders ability to adapt swiftly to changing circumstances.
Employee Well-being and Mental Health
Employee well-being has been a top priority for leaders for several years, and this will continue. The COVID pandemic highlighted the importance of mental health and work-life balance. This lead to leaders implementing more policies that support employee well-being, such as flexible working arrangements, mental health resources, and wellness programmes. Addressing employee burnout and promoting work-life balance requires ongoing effort and resources as highlight in the World Health Organisation’s report on workplace mental health. These programmes will be key when it comes to retaining talent, but also for talent attraction.
Diversity, Equity, and Inclusion (DEI)
Leaders must embrace and champion DEI initiatives to create inclusive work environments where diverse perspectives are valued. This requires commitment and accountability. Recent years have seen an uptick in blind interviews and talent assessments to make hiring as unbiased as possible. This will continue, and we will see additional investment in systems and processes to make workplaces more diverse, inclusive, and equitable. Implementing these changes requires commitment and accountability, and it will be up to leadership to drive the message home. Many organisations have gone as far as setting up diversity councils or committees to guide their DE&I efforts and promote a culture where all employees feel they can bring their full selves to work.
Continuous Learning and Development
Learning and development are essential in any business for both leaders and employees. It ensures everyone stays up to date and adaptable. A culture of ongoing learning must be promoted from the top. This means leaders need to encourage continuous learning, which requires investment in training and development programmes. Programmes need to be accessible to everyone to foster a culture of innovation and adaptability. Career progression, and development is often the main reason why people decide to move jobs, so if you want to retain the best people or hire them you need to offer learning and development opportunities and career progression. Leaders should focus on this as an area to create a strong competitive advantage in the market for talent.
Conclusion
The future of executive leadership in Northern Ireland and further afield will be shaped by these emerging trends. C-suite executives must navigate these challenges and embrace the opportunities that they create. This is not an exhaustive list, and other trends like an increase in fractional leadership and a renewed focus on understanding this new generation of customers will be hallmarks of 2025. It will be an exciting year, with its ups and downs like them all, but the leaders who prepare themselves to handle the challenges outlined above, will be very well positioned to exploit the opportunities when they arise.
You May Also Like...
How to Retain Top Talent: Strategies for Building a Loyal, Motivated Workforce
Jan 14, 2025 | Business Advice, Career Advice, HR Consulting, Recruitment, Retention
In today’s highly competitive job market, retaining top talent is just as vital as attracting it—a point we frequently hear from our clients across Northern Ireland and the UK. This article explores practical strategies for fostering a loyal and motivated workforce, from creating a culture of engagement to promoting long-term career development.
read moreEmerging C-Suite Trends for 2025 – AI, Human-Centric Leadership and Beyond!
Jan 13, 2025 | Business Advice, Business News
The Executive Leadership landscape will undergo significant transformation in 2025, in both Northern Ireland and further afield. This fast-moving and evolving business environment will present challenges and opportunities for C-Suite Executives. This article delves into some of the emerging trends that will shape the future of executive leadership and will offer some insights to help leaders navigate these challenges effectively.
read moreAddressing the Talent shortage and other challenges to growth in 2025
Dec 04, 2024 | Business Advice, Retention
In recent years the N.I. tech industry has proven to be a backbone to the country’s’ economic standing with consecutive growth in the sector year on year. However, despite more growth in 2024 in terms of new tech businesses overall industry growth has been stunted by global economic challenges and a climate of uncertainty in the powers at be.
read moreDiversity in the Workplace: A Woman’s Perspective
Dec 04, 2024 | Business Advice, Diversity & Inclusion
In today’s fast-paced global workplace, the importance of diversity and inclusion can’t be overstated. Workplace diversity isn’t just a trend – it’s a business imperative that fuels innovation, fosters creativity, and drives growth.
read moreThe Vital Role of Organisational Values: A Blueprint for SME Success
Oct 23, 2024 | Business Advice, Employers, HR Consulting
Organisational values are vital for SMEs, shaping culture, guiding decisions, and distinguishing businesses. This blog explores the importance of aligning espoused and real values, the challenges of maintaining that alignment, and how HR professionals and leadership can reinforce these values through communication and performance metrics. For SMEs in Northern Ireland, embedding values in daily operations enhances employee engagement, motivation, and long-term success.
read moreHow Talented Leaders Drive Business Success
Sep 27, 2024 | Business Advice, Employers
In today’s competitive business landscape, having a talented leader can make all the difference between success and stagnation. This blog explores how strong leadership drives a company’s growth, shapes its culture, and fosters innovation. We will cover how effective leaders inspire teams, manage challenges, and steer organisations toward long-term success.
read moreUnlocking Business Transformation: The Power of Fractional HR Directors
How Fractional HR Directors Could Transform Your Business.
Forward-thinking companies understand the value of having HR at the top table, acknowledging the pivotal benefits they bring. However, some may struggle to justify a permanent appointment to exploit these advantages.
Benefits of having HR in the board room
Strategic Alignment – aligning HR strategies with overall business objectives ensures that practices like recruitment, training, and performance management support the company’s strategic goals.
Talent Management – advising on attracting, developing, and retaining top talent helps them identify skill gaps, design training frameworks, and implement strategies for team growth.
Employee Engagement and Productivity – cultivating a positive work culture and enhancing employee engagement helps boost morale, productivity, and overall job satisfaction.
Risk Management and Compliance – with expertise in employment laws and regulations, HR professionals ensure compliance and minimise legal risks.
Change Management – Efficient introduction of organisational change, whether due to restructuring or operational advancements, is facilitated by HR expertise.
Employee Well-being and Diversity & Inclusion – advocacy for employee well-being initiatives and promotion of D&I fosters a more inclusive and attractive workplace.
While these benefits are significant, what can businesses without an HR Director or Head of HR do to harness these advantages?
Increasingly, companies are turning to fractional HR Directors to leverage strategic HR leadership without the commitment to a full-time resource.
Benefits of Fractional HR Directors
Cost-Effectiveness and Flexibility – scalable involvement based on fluctuating HR needs, meaning you only pay for the required time based on your tailored specifications.
HR Team Development – providing learning opportunities for existing HR teams and aiding their professional development.
Expertise and Experience – bringing fresh perspectives and innovative solutions from working with diverse clients across different industries.
Focus on Strategic Priorities – freeing internal resources to focus on core business activities and strategic priorities.
Compliance and Risk Management – keeping abreast of evolving HR regulations and compliance requirements to avoid legal and financial consequences.
Access to Specialised Skills – expertise in specific areas of HR, such as talent acquisition or employee relations, providing added value.
Objectivity and Impartiality – offering an unbiased perspective on HR issues and conflicts within your organisation.
Bringing HR to the forefront of your business strategy will ensure you build people practices aligned with your growth plans in the long term. While a full-time HRD is not always an option, hiring a fractional HR Director presents a cost-effective, flexible, and scalable solution for businesses seeking to leverage HR expertise without a full-time commitment.
To learn more about how Corvus People can support your business with its HR requirements;
Visit: HR Consultancy services
Email: [email protected]
Contact Us: Click Here
You May Also Like...
How to Retain Top Talent: Strategies for Building a Loyal, Motivated Workforce
Jan 14, 2025 | Business Advice, Career Advice, HR Consulting, Recruitment, Retention
In today’s highly competitive job market, retaining top talent is just as vital as attracting it—a point we frequently hear from our clients across Northern Ireland and the UK. This article explores practical strategies for fostering a loyal and motivated workforce, from creating a culture of engagement to promoting long-term career development.
read moreEmerging C-Suite Trends for 2025 – AI, Human-Centric Leadership and Beyond!
Jan 13, 2025 | Business Advice, Business News
The Executive Leadership landscape will undergo significant transformation in 2025, in both Northern Ireland and further afield. This fast-moving and evolving business environment will present challenges and opportunities for C-Suite Executives. This article delves into some of the emerging trends that will shape the future of executive leadership and will offer some insights to help leaders navigate these challenges effectively.
read moreAddressing the Talent shortage and other challenges to growth in 2025
Dec 04, 2024 | Business Advice, Retention
In recent years the N.I. tech industry has proven to be a backbone to the country’s’ economic standing with consecutive growth in the sector year on year. However, despite more growth in 2024 in terms of new tech businesses overall industry growth has been stunted by global economic challenges and a climate of uncertainty in the powers at be.
read moreDiversity in the Workplace: A Woman’s Perspective
Dec 04, 2024 | Business Advice, Diversity & Inclusion
In today’s fast-paced global workplace, the importance of diversity and inclusion can’t be overstated. Workplace diversity isn’t just a trend – it’s a business imperative that fuels innovation, fosters creativity, and drives growth.
read moreThe Vital Role of Organisational Values: A Blueprint for SME Success
Oct 23, 2024 | Business Advice, Employers, HR Consulting
Organisational values are vital for SMEs, shaping culture, guiding decisions, and distinguishing businesses. This blog explores the importance of aligning espoused and real values, the challenges of maintaining that alignment, and how HR professionals and leadership can reinforce these values through communication and performance metrics. For SMEs in Northern Ireland, embedding values in daily operations enhances employee engagement, motivation, and long-term success.
read moreHow Talented Leaders Drive Business Success
Sep 27, 2024 | Business Advice, Employers
In today’s competitive business landscape, having a talented leader can make all the difference between success and stagnation. This blog explores how strong leadership drives a company’s growth, shapes its culture, and fosters innovation. We will cover how effective leaders inspire teams, manage challenges, and steer organisations toward long-term success.
read moreCracking the Code: The Winning Formula for Sales Teams
The Key Traits of Successful Salespeople
When it comes to sales, success isn’t just about hitting targets; it’s about having the traits that drive results and foster growth. But what exactly distinguishes a successful salesperson from the rest? We have recently conducted a LinkedIn survey to find out, and the results are in.
Survey Results:
Effective Communication (44%):
Undoubtedly, the crown jewel of successful salespeople is effective communication. The ability to articulate ideas, actively listen, and tailor messages to resonate with clients is a game-changer. In a profession where building relationships is paramount, my poll found that 44% of respondents believe that mastering the art of communication is the top trait for success.
In the territory of sales, communication is more than their ability to talk – it’s the art of persuasion, negotiation, and the ability to build genuine connections with their clients. Successful salespeople can convey their ideas with clarity, expression, and persuasiveness.
It is also important to remember that effective communication extends beyond verbal interactions; it includes active listening, empathy, and understanding. By truly tuning in to the needs and concerns of clients, sales professionals can tailor their approach, address objections, and ultimately, close deals more effectively. In essence, communication isn’t just a tool, it’s the cornerstone of building trust, growing new and existing relationships, and driving sustainable sales success.
Resilience (39%):
Sales is not for the faint-hearted, so it is no surprise that resilience emerged as the most crucial trait for 39% of the participants. Resilient individuals have the fortitude to persevere in the face of adversity, bouncing back stronger from setbacks and maintaining a positive attitude amidst obstacles.
In sales, where rejection is commonplace, resilience is the bedrock upon which success is built. By building resilience, sales professionals can navigate challenges with confidence, resilience, and determination, ultimately propelling themselves towards greater heights of success.
Adaptability (11%):
While adaptability ranked third, it remains a significant factor in a salesperson’s success, as highlighted by 11% of respondents. In today’s landscape, everything evolves quickly, meaning that adaptability is no longer a luxury. Successful salespeople possess the agility to pivot strategies, embrace new technologies, and tailor their approach to meet the changing needs of clients and market dynamics.
Adaptability isn’t just about reacting to change; it’s about proactively anticipating shifts in the market, embracing innovation, and staying one step ahead of the competition.
So, what do these insights mean for sales professionals and organisations alike?
Firstly, investing in communication skills development should be a top priority. Whether through training programs, workshops, or mentorship initiatives, honing communication expertise can unlock untapped potential and drive bottom-line results.
Secondly, cultivating resilience should be ingrained in the sales culture. Encouraging a growth mindset, providing support systems, and celebrating resilience in action can empower sales teams to navigate challenges with confidence and determination.
Lastly, fostering adaptability is essential for staying ahead of the curve. Embracing innovation, encouraging experimentation, and promoting a culture of continuous learning can position sales teams for success in an ever-evolving marketplace.
The findings of this survey paint a compelling picture of the traits that define success in sales. While effective communication reigns supreme, resilience and adaptability play equally crucial roles in driving sales performance. By prioritising these key traits and investing in their development, sales professionals can unlock their full potential, drive sustainable success, and propel themselves towards unparalleled heights of achievement in the dynamic world of sales.
If you would like to learn about how Corvus People can help your team employ the right people please contact us via:
P: +44 (0) 28 9091 8529
Contact Form: Here
You May Also Like...
How to Retain Top Talent: Strategies for Building a Loyal, Motivated Workforce
Jan 14, 2025 | Business Advice, Career Advice, HR Consulting, Recruitment, Retention
In today’s highly competitive job market, retaining top talent is just as vital as attracting it—a point we frequently hear from our clients across Northern Ireland and the UK. This article explores practical strategies for fostering a loyal and motivated workforce, from creating a culture of engagement to promoting long-term career development.
read moreEmerging C-Suite Trends for 2025 – AI, Human-Centric Leadership and Beyond!
Jan 13, 2025 | Business Advice, Business News
The Executive Leadership landscape will undergo significant transformation in 2025, in both Northern Ireland and further afield. This fast-moving and evolving business environment will present challenges and opportunities for C-Suite Executives. This article delves into some of the emerging trends that will shape the future of executive leadership and will offer some insights to help leaders navigate these challenges effectively.
read moreAddressing the Talent shortage and other challenges to growth in 2025
Dec 04, 2024 | Business Advice, Retention
In recent years the N.I. tech industry has proven to be a backbone to the country’s’ economic standing with consecutive growth in the sector year on year. However, despite more growth in 2024 in terms of new tech businesses overall industry growth has been stunted by global economic challenges and a climate of uncertainty in the powers at be.
read moreDiversity in the Workplace: A Woman’s Perspective
Dec 04, 2024 | Business Advice, Diversity & Inclusion
In today’s fast-paced global workplace, the importance of diversity and inclusion can’t be overstated. Workplace diversity isn’t just a trend – it’s a business imperative that fuels innovation, fosters creativity, and drives growth.
read moreThe Vital Role of Organisational Values: A Blueprint for SME Success
Oct 23, 2024 | Business Advice, Employers, HR Consulting
Organisational values are vital for SMEs, shaping culture, guiding decisions, and distinguishing businesses. This blog explores the importance of aligning espoused and real values, the challenges of maintaining that alignment, and how HR professionals and leadership can reinforce these values through communication and performance metrics. For SMEs in Northern Ireland, embedding values in daily operations enhances employee engagement, motivation, and long-term success.
read moreHow Talented Leaders Drive Business Success
Sep 27, 2024 | Business Advice, Employers
In today’s competitive business landscape, having a talented leader can make all the difference between success and stagnation. This blog explores how strong leadership drives a company’s growth, shapes its culture, and fosters innovation. We will cover how effective leaders inspire teams, manage challenges, and steer organisations toward long-term success.
read moreAttracting Top Marketing Talent in Northern Ireland
In the ever-changing world of marketing, it’s not just about spotting skilled people, but about nurturing a culture of innovation and growth. In Northern Ireland, where cities like Belfast blend history with ambition, finding exceptional marketing professionals is a journey worth taking. So, how can Northern Ireland businesses shine brightly enough to draw in the sharpest marketing talents?
Embrace Local Diversity:
Northern Ireland’s unique cultural tapestry provides a vibrant canvas for marketing ventures. Whether it’s celebrating local festivals or tapping into the arts scene, incorporating local culture in campaigns can deeply resonate with consumers and potential marketing hires. Highlighting the region’s uniqueness creates a sense of belonging and purpose, making your organization an appealing destination.
Cultivate Collaboration:
Marketing thrives on teamwork and creativity. Creating an environment where ideas flow freely and innovation is encouraged can attract top talent. Northern Ireland’s close-knit communities and collaborative spirit offer an ideal setting for cultivating such an atmosphere. Encourage cross-departmental collaboration and provide platforms for sharing ideas. By nurturing a team-oriented culture, you not only attract top marketing candidates but also keep them for the long run.
Invest in Growth:
Top marketing professionals are always motivated for growth opportunities. Invest in continuous learning programs to attract ambitious candidates looking to expand their skill sets. Partner with local universities and industry groups to offer workshops and certification programs. By showing a commitment to their professional development, you not only attract top talent but also promote a culture of excellence.
Highlight Career Growth:
Candidates seek more than just a job—they want a career path that aligns with their goals. Showcase career progression opportunities within your organisation, whether through promotions, lateral moves, or specialised roles. Develop clear pathways for advancement and offer mentorship programs. By demonstrating a clear growth trajectory, you position your organization as an attractive destination.
Promote Work-Life Balance:
Balancing work and life is crucial for employee satisfaction and productivity. Northern Ireland’s scenic beauty offers opportunities for relaxation. Embrace flexible work arrangements, wellness initiatives, and encourage time off. Prioritizing work-life balance not only attracts top talent but also supports a culture of well-being.
Attracting top marketing talent in Northern Ireland is about creating a compelling story that resonates personally and professionally. By embracing local culture, encouraging collaboration, investing in growth, highlighting career opportunities, and promoting work-life balance, businesses can illuminate the path to success and attract top marketing minds. With the Northern Star as our guide, the journey to building a stellar marketing team begins.
You May Also Like...
How to Retain Top Talent: Strategies for Building a Loyal, Motivated Workforce
Jan 14, 2025 | Business Advice, Career Advice, HR Consulting, Recruitment, Retention
In today’s highly competitive job market, retaining top talent is just as vital as attracting it—a point we frequently hear from our clients across Northern Ireland and the UK. This article explores practical strategies for fostering a loyal and motivated workforce, from creating a culture of engagement to promoting long-term career development.
read moreEmerging C-Suite Trends for 2025 – AI, Human-Centric Leadership and Beyond!
Jan 13, 2025 | Business Advice, Business News
The Executive Leadership landscape will undergo significant transformation in 2025, in both Northern Ireland and further afield. This fast-moving and evolving business environment will present challenges and opportunities for C-Suite Executives. This article delves into some of the emerging trends that will shape the future of executive leadership and will offer some insights to help leaders navigate these challenges effectively.
read moreAddressing the Talent shortage and other challenges to growth in 2025
Dec 04, 2024 | Business Advice, Retention
In recent years the N.I. tech industry has proven to be a backbone to the country’s’ economic standing with consecutive growth in the sector year on year. However, despite more growth in 2024 in terms of new tech businesses overall industry growth has been stunted by global economic challenges and a climate of uncertainty in the powers at be.
read moreDiversity in the Workplace: A Woman’s Perspective
Dec 04, 2024 | Business Advice, Diversity & Inclusion
In today’s fast-paced global workplace, the importance of diversity and inclusion can’t be overstated. Workplace diversity isn’t just a trend – it’s a business imperative that fuels innovation, fosters creativity, and drives growth.
read moreThe Vital Role of Organisational Values: A Blueprint for SME Success
Oct 23, 2024 | Business Advice, Employers, HR Consulting
Organisational values are vital for SMEs, shaping culture, guiding decisions, and distinguishing businesses. This blog explores the importance of aligning espoused and real values, the challenges of maintaining that alignment, and how HR professionals and leadership can reinforce these values through communication and performance metrics. For SMEs in Northern Ireland, embedding values in daily operations enhances employee engagement, motivation, and long-term success.
read moreHow Talented Leaders Drive Business Success
Sep 27, 2024 | Business Advice, Employers
In today’s competitive business landscape, having a talented leader can make all the difference between success and stagnation. This blog explores how strong leadership drives a company’s growth, shapes its culture, and fosters innovation. We will cover how effective leaders inspire teams, manage challenges, and steer organisations toward long-term success.
read moreThe Role of Data in Modern Recruiting: Using Behavioural Testing for Improved Hiring
In today’s digital age, data isn’t just a buzzword—it’s the backbone of smart decision-making across industries. In the world of recruiting, it’s a game-changer. It helps us streamline processes, find the best talent, and ensure they’re a great fit for our team. One tool we’re particularly proud of at Corvus People is behavioural testing. It gives us incredible insights into candidates and helps us make better hiring decisions.
Why is it so important?
Understanding the Data Advantage
Recruiting used to be all about gut feelings, but now we have access to a treasure trove of information. From resumes to online assessments, there’s data everywhere. And it’s not just for show—it helps us:
Make Objective Decisions
Instead of relying on feelings, we can base our choices on solid data, making the process fairer and less biased.
Find Top Talent
With data analysis, we can pinpoint candidates who have the skills, experience, and culture fit we’re looking for, leading to better hires.
Get Predictive Insights
By looking at past data and using analytics, we can predict future performance and turnover rates, helping us plan strategically.
The Power of Behavioural Testing
Behavioural testing is a standout tool in data-driven recruiting, here’s why:
It Gives Us a Full Picture:
Traditional interviews often miss crucial aspects of a candidate’s personality. Behavioural testing fills in the gaps, giving us a comprehensive view.
We Can Assess Cultural Fit:
Soft skills matter just as much as hard skills, as 92% of talent professionals agree. Behavioural tests help us see if a candidate’s values and communication style match ours, reducing the chance of a bad fit.
We Can Predict Performance:
Certain behaviours, like resilience and leadership potential, are strong indicators of future success. Behavioural testing helps us spot these traits early on.
It Reduces Bias:
By focusing on data, we can avoid unconscious bias and promote fairness and diversity.
In today’s competitive world, data-driven recruiting isn’t just a trend—it’s a must. Using tools like behavioural testing, we can make better decisions, build stronger teams, and drive success. Research shows that companies with diverse and inclusive cultures, such as Google and Microsoft, are 1.7 times more likely to lead in innovation and data-driven strategies have led to a 15% increase in productivity and a 70% reduction in turnover rates for companies like IBM. Behavioural testing, as part of this approach, helps us find candidates who aren’t just qualified, but who also fit our culture and values perfectly.
You May Also Like...
How to Retain Top Talent: Strategies for Building a Loyal, Motivated Workforce
Jan 14, 2025 | Business Advice, Career Advice, HR Consulting, Recruitment, Retention
In today’s highly competitive job market, retaining top talent is just as vital as attracting it—a point we frequently hear from our clients across Northern Ireland and the UK. This article explores practical strategies for fostering a loyal and motivated workforce, from creating a culture of engagement to promoting long-term career development.
read moreEmerging C-Suite Trends for 2025 – AI, Human-Centric Leadership and Beyond!
Jan 13, 2025 | Business Advice, Business News
The Executive Leadership landscape will undergo significant transformation in 2025, in both Northern Ireland and further afield. This fast-moving and evolving business environment will present challenges and opportunities for C-Suite Executives. This article delves into some of the emerging trends that will shape the future of executive leadership and will offer some insights to help leaders navigate these challenges effectively.
read moreAddressing the Talent shortage and other challenges to growth in 2025
Dec 04, 2024 | Business Advice, Retention
In recent years the N.I. tech industry has proven to be a backbone to the country’s’ economic standing with consecutive growth in the sector year on year. However, despite more growth in 2024 in terms of new tech businesses overall industry growth has been stunted by global economic challenges and a climate of uncertainty in the powers at be.
read moreDiversity in the Workplace: A Woman’s Perspective
Dec 04, 2024 | Business Advice, Diversity & Inclusion
In today’s fast-paced global workplace, the importance of diversity and inclusion can’t be overstated. Workplace diversity isn’t just a trend – it’s a business imperative that fuels innovation, fosters creativity, and drives growth.
read moreThe Vital Role of Organisational Values: A Blueprint for SME Success
Oct 23, 2024 | Business Advice, Employers, HR Consulting
Organisational values are vital for SMEs, shaping culture, guiding decisions, and distinguishing businesses. This blog explores the importance of aligning espoused and real values, the challenges of maintaining that alignment, and how HR professionals and leadership can reinforce these values through communication and performance metrics. For SMEs in Northern Ireland, embedding values in daily operations enhances employee engagement, motivation, and long-term success.
read moreHow Talented Leaders Drive Business Success
Sep 27, 2024 | Business Advice, Employers
In today’s competitive business landscape, having a talented leader can make all the difference between success and stagnation. This blog explores how strong leadership drives a company’s growth, shapes its culture, and fosters innovation. We will cover how effective leaders inspire teams, manage challenges, and steer organisations toward long-term success.
read moreWorld Bank Report Reveals Global Gender Disparity in Workforce Opportunities
A headline that never ceases to disappoint.
It’s natural to feel outraged at the injustice of being denied equal rights and opportunities simply because of one’s gender. The slow pace of reforms, despite the clear economic benefits of gender equality, exacerbate these feelings of disappointment. It highlights a failure of leadership and a lack of urgency in addressing a fundamental issue that impacts the lives of half the global population.
Recent findings from the World Bank highlight a stark reality – no country in the world currently provides women with equal opportunities in the workforce compared to men. This revelation, far exceeding previous estimations, underscores the urgent need for action to bridge the global gender gap.
According to the report, closing this gap could potentially elevate the global gross domestic product by over 20%, presenting a significant economic opportunity for nations worldwide.
For the first time, the report delves into the impact of childcare and safety policies on women’s labour force participation across 190 countries. Shockingly, it reveals that women only enjoy 64% of the legal protections granted to men, a decrease from the previously assumed 77%. Issues such as childcare costs and safety concerns emerge as major barriers hindering women’s full engagement in the workforce.
The report’s 10th edition also sheds light on the disparity between enacted laws and their implementation in bridging gender gaps. Despite laws on equal pay being enacted in 95 countries, only 35 have measures in place to address the pay gap, with women globally earning just 77 cents for every dollar earned by men.
While some sub-Saharan African nations have shown commendable legislative progress, a significant gap persists between legal reforms and their effective implementation.
Countries like Togo exhibit high numbers of enacted laws but lack sufficient frameworks for execution.
Addressing childcare gaps emerges as a pivotal solution, with the report suggesting that improving childcare accessibility could immediately increase women’s labour force participation by 1%. Yet less than half of the countries offer financial support or tax relief for parents, and even fewer have quality standards for childcare services, leaving parents concerned about their children’s safety.
Moreover, disparities extend to pension benefits, with 81 countries failing to account for childcare-related work absences in women’s pension calculations. Additionally, while 151 countries have laws against workplace sexual harassment, only 40 cover abuse in public spaces or during commutes, leaving women unprotected on their way to work.
Indermit Gill, the World Bank Group’s Chief Economist, emphasises that discriminatory laws and practices globally hinder women’s equal participation in the workforce, potentially doubling global growth if the gender gap were bridged. However, reforms have been slow to materialise, underscoring the urgent need for action.
In the face of such staggering revelations from the World Bank’s latest report, it’s evident that the fight for gender equality in the workforce is far from over. The disparity between enacted laws and their implementation, coupled with persistent barriers such as childcare accessibility and safety concerns, underscores the urgent need for decisive action. It’s imperative that leaders and policymakers across the globe prioritise meaningful reforms to bridge the gender gap. The economic benefits are clear, the moral imperative undeniable. Let’s go beyond merely acknowledge these findings, and heed them as a call to action, ensuring that every individual, regardless of gender, has the opportunity to thrive in the workforce and contribute fully to our collective prosperity. The time for change is now.
Written by Lesley Armstrong.
You May Also Like...
How to Retain Top Talent: Strategies for Building a Loyal, Motivated Workforce
Jan 14, 2025 | Business Advice, Career Advice, HR Consulting, Recruitment, Retention
In today’s highly competitive job market, retaining top talent is just as vital as attracting it—a point we frequently hear from our clients across Northern Ireland and the UK. This article explores practical strategies for fostering a loyal and motivated workforce, from creating a culture of engagement to promoting long-term career development.
read moreEmerging C-Suite Trends for 2025 – AI, Human-Centric Leadership and Beyond!
Jan 13, 2025 | Business Advice, Business News
The Executive Leadership landscape will undergo significant transformation in 2025, in both Northern Ireland and further afield. This fast-moving and evolving business environment will present challenges and opportunities for C-Suite Executives. This article delves into some of the emerging trends that will shape the future of executive leadership and will offer some insights to help leaders navigate these challenges effectively.
read moreAddressing the Talent shortage and other challenges to growth in 2025
Dec 04, 2024 | Business Advice, Retention
In recent years the N.I. tech industry has proven to be a backbone to the country’s’ economic standing with consecutive growth in the sector year on year. However, despite more growth in 2024 in terms of new tech businesses overall industry growth has been stunted by global economic challenges and a climate of uncertainty in the powers at be.
read moreDiversity in the Workplace: A Woman’s Perspective
Dec 04, 2024 | Business Advice, Diversity & Inclusion
In today’s fast-paced global workplace, the importance of diversity and inclusion can’t be overstated. Workplace diversity isn’t just a trend – it’s a business imperative that fuels innovation, fosters creativity, and drives growth.
read moreThe Vital Role of Organisational Values: A Blueprint for SME Success
Oct 23, 2024 | Business Advice, Employers, HR Consulting
Organisational values are vital for SMEs, shaping culture, guiding decisions, and distinguishing businesses. This blog explores the importance of aligning espoused and real values, the challenges of maintaining that alignment, and how HR professionals and leadership can reinforce these values through communication and performance metrics. For SMEs in Northern Ireland, embedding values in daily operations enhances employee engagement, motivation, and long-term success.
read moreHow Talented Leaders Drive Business Success
Sep 27, 2024 | Business Advice, Employers
In today’s competitive business landscape, having a talented leader can make all the difference between success and stagnation. This blog explores how strong leadership drives a company’s growth, shapes its culture, and fosters innovation. We will cover how effective leaders inspire teams, manage challenges, and steer organisations toward long-term success.
read more