As the nature of work changes, so too does the skill set required to drive value. The ability to anticipate changes, process high volumes of information, and align day-to-day activities to the leading drivers of the business has substantial long-term impacts on success. With automation taking over transactional work, organizations today need skilled talent and new roles and functions dedicated to strategic partnering.
Simply appointing a team member to a role requiring strategic business partner skills may not result in the benefits expected. Instead, organizations need to reexamine the structural and talent elements they have put into place to attract, develop, enable, and retain employees for these roles. The organization itself may even need to change.
Learn below about structural changes and talent elements needed to support strategic business partnering, including examples for the finance function.
Today's shifts in technology, workforce demographics, and mind-sets create opportunity for organizations to rethink the competencies needed for tomorrow. Specifically, talent acquisition, talent development, and talent assessment need to incorporate new or updated competencies to drive the organization’s future success.
To create competitive advantage, you need talent that drives value and productive change. KPMG can help your business leverage technology and develop your organizational structure and talent so that your people's focus can move away from the transactional work product. Contact us today to get started.