A recent report has found that a whopping 84% of executive teams in Asia aren't working effectively together
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In Southeast Asia (SEA), 84% of C-suite teams aren't collaborating effectively, according to a recent Deloitte report.
The 2018 Global Human Capital Trends report by Deloitte found that leaders in Asia are rarely working together collaboratively on strategic initiatives.
Survey results show that globally, companies where C-suite executives regularly collaborate are one-third more likely to be growing an additional 10% as compared to companies whose leadership operates in siloes.
Responses from over 11,000 global HR and business leaders overwhelmingly point to the need for a 'symphonic C-suite' – a team-based, cross-disciplinary approach to tackling complex issues. About 85% globally and 89% in SEA are calling this trend important or very important.
“In order for integration to take place, diversity among C-suite members is essential,” said Mark Maclean, human capital consulting leader at Deloitte Southeast Asia.
“They also need to be hyper-focused on collaboration, to understand one another and work as a team, and to be able to contribute beyond their line function.
“These qualities will help create a symphonic C-suite which can bring about truly innovative solutions and integrated organisational strategies to effectively tackle complex challenges from the necessary multiple angles.”
Maclean went on to explain that CHROs play a mandatory element in providing the talent infrastructure so that the tools, availability, skills and desire can drive organisation performance in the future workplace.
This is as CIOs and CFOs collaborate with their business leaders to implement automation solutions and more flexible people platforms to attract and retain talent, as well as create workplaces that enable the workforce to flourish.
“As the future of work impacts the landscape in Southeast Asia, an integrated c-suite is critical in developing the future worker, future workforce and future workplace,” Maclean said.
