Tuesday, July 8th, 2014 - Honner Media

~~Sydney, Australia – 8 July 2014 – Leadership, personal drive and communication skills are the core attributes of emerging leaders within multinational organisations, according to a report released today by recruitment and talent management specialist Hudson that reveals key traits of high potential individuals.

The report, titled Identifying Tomorrow’s Leaders Today: Determining the Differences that Matter found that emerging leaders are typically extroverts with strong communication and persuasion skills who position themselves as leaders rather than colleagues. However, they also have an aversion to change and tend to employ traditional approaches to achieve results.

According to the report, which compared over 100 emerging leaders in Australia with over 160,000 professionals and more than 700 C-Suite Leaders from Hudson’s global database, emerging leaders are also personally driven with a conceptual view and vision for the future and a firm commitment to achieving results.

However, to bridge the gap to senior leadership roles, the report found emerging leaders need to better embrace change as an opportunity, have greater confidence in their ability to make the right decision, and use a participative style to bring people with them on the journey. 

Simon Moylan, Hudson’s Executive General Manager, Talent Management Asia Pacific said recognition of organisations’ most talented emerging leaders was critical to building a strong talent pool to drive future business growth and development.

“Identifying tomorrow’s leaders is vital for business leaders looking to prepare and evolve their organisation into the future,” he said.

Although the report found that emerging leaders typically possess strong communication skills, Mr Moylan said it was interesting to note that social interaction with colleagues was of less importance.

“What our research shows is that emerging leaders, while they tend to be extroverted, aren’t necessarily interested in socialising with their colleagues; they’re much more focused on driving results and are comfortable working independently,” Mr Moylan said.

“They’re not looking to make friendships, they’re looking to lead – and are confident in doing so.”

The gender divide

While the report found that neither male nor female gender has a monopoly on leadership, it did find distinctions between the typical leadership styles of males and females.

Male leaders for example, were more likely to enjoy thinking about the big picture, be comfortable with abstract concepts and be results driven. Female leaders were more likely to pay attention to social relationships, communicate openly and be more collaborative.

“Neither leadership style is superior however some of the qualities most closely associated with a more female style of leadership could add considerable value in the multicultural working environment typical of many multinational companies,” Mr Moylan said.

“Organisations looking to boost communication and collaboration could consider encouraging more talented women to pursue leadership roles and implement tools for identifying and developing their most talented women.”

The report also emphasises the importance of developing strategies for proactively identifying and fostering emerging leaders’ most important skills and competencies.

“Investing in emerging leaders’ most important skills and competencies now will not only help organisations prepare and grow their talent pools but will also drive engagement and act as a significant retention tool,” said Mr Moylan.

“To this end, all organisations, whether local or multinational, should have a high potential talent management strategy in place, which identifies and supports emerging leaders on their growth trajectory, ensuring they realise their full potential.”

Seven characteristics of Emerging Leaders:

1. Leadership: Emerging leaders position themselves as leaders, rather than peers or colleagues
2. Vision: They possess an ability to create a vision for the future
3. Conceptual: Emerging leaders are managers with impact who are confident thinking at an abstract level
4. Results focused: Emerging leaders are focused on achieving objectives and results
5. Communicative: They are extroverts with strong communication and persuasion skills
6. Driven: Emerging leaders show the necessary personal drive to achieve results
7. Independent: Emerging leaders are confident working independently and are less interested in building relationships / less socially confident


ENDS

For a copy of the full report, or an interview with Simon Moylan, please contact:
Kate Miller
Honner Media
+61 2 8248 3753
[email protected]

Notes to editor
About the methodology of Identifying Tomorrow’s Leaders Today
Capitalising on access to key senior professionals at the Emerging Leaders in Multinationals Forum, Hudson contrasted more than 100 emerging leaders with a norm group of over 160,000 professionals and over 700 C-Suite leaders from its global database. The comparison was based on the emerging leaders’ voluntary completion of Hudson’s Business Attitudes Questionnaire, developed by Hudson’s Global Research & Development Centre, which is based on the widely recognised ‘Big 5’ personality model. The results indicate an individual’s preferences across personality dimensions; Emotional Stability, Extraversion, Openness, Altruism and Conscientiousness. This questionnaire is used by Hudson consultants and client organisations in assessment and development centres worldwide. It measures 25 aspects of an individual’s business attributes that are known to be predictors of professional performance.

About Hudson
Hudson is a global talent solutions company with expertise in leadership and specialized recruitment, contracting solutions, recruitment process outsourcing, talent management and eDiscovery. We help our clients and candidates succeed by leveraging our expertise, deep industry and market knowledge, and proprietary assessment tools and techniques. Operating in 20 countries through relationships with millions of specialized professionals, we bring an unparalleled ability to match talent with opportunities by assessing, recruiting, developing and engaging the best and brightest people for our clients. We combine broad geographic presence, world-class talent solutions and a tailored, consultative approach to help businesses and professionals achieve higher performance and outstanding results. More information is available at Hudson.com

Forward-Looking Statements
This press release contains statements that the company believes to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this press release, including statements regarding the company's future financial condition, results of operations, business operations and business prospects, are forward-looking statements. Words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “predict,” “believe” and similar words, expressions and variations of these words and expressions are intended to identify forward-looking statements. All forward-looking statements are subject to important factors, risks, uncertainties and assumptions, including industry and economic conditions' that could cause actual results to differ materially from those described in the forward-looking statements. Such factors, risks, uncertainties and assumptions include, but are not limited to, global economic fluctuations; risks related to fluctuations in the company's operating results from quarter to quarter; the ability of clients to terminate their relationship with the company at any time; competition in the company's markets; risks associated with the company's investment strategy; risks related to international operations, including foreign currency fluctuations; the company's ability to implement cost reduction initiatives effectively, including the recently announced restructuring program; the company's dependence on key management personnel; the company's ability to attract and retain highly skilled professionals; risks in collecting the company's accounts receivable; the negative cash flows and operating losses that the company has experienced from time to time in the past may reoccur in the future; restrictions on the company's operating flexibility due to the terms of its credit facilities; the company's heavy reliance on information systems and the impact of potentially losing or failing to develop technology; risks related to our dependence on uninterrupted service to clients; the company's exposure to employment-related claims from both clients and employers and limits on related insurance coverage; volatility of the company's stock price; the impact of government regulations; and restrictions imposed by blocking arrangements. Additional information concerning these and other factors is contained in the company's filings with the Securities and Exchange Commission. These forward-looking statements speak only as of the date of this document. The company assumes no obligation, and expressly disclaims any obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.

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Honner Media is an Australian communications consultancy that specialises in the financial services sector.

We help our clients communicate their messages via the media, as well as direct to stakeholders such as customers, employees, members and prospects - people who directly impact a business.

Our specialist financial knowledge, longstanding industry relationships and proven processes enable us to build strategic plans that deliver results. We work closely with in-house marketing teams to proactively drive campaigns, ensuring communications goals are achieved efficiently for clients.


Kate Miller
W: honnermedia.com.au

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HR, recruitment, leaders, talent management, C-suite, Hudson, emerging leaders, leadership

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