Nearly 40 per cent of New Zealand CEOs say they have greatly increased their reliance on contractors, part-time workers, outsourced functions or service agreements recently, compared with 31 per cent in Australia.
As businesses are also looking for a wider mix of skills than in the past, searching for talent in different geographies, industries or demographic segments will be explored.
A whopping 90 per cent of CEOs in Australia say they are searching for a broader range of skill sets than in the past, compared with 73 per cent in New Zealand and 81 per cent globally.
Filling talent gaps is also a major driver of merger and acquisition activity, with over a quarter of CEOs saying access to top talent is the main reason for collaborating with other organisations.
This is creating a 'gig economy', where workers with the most in-demand skills can dictate where and when they work, and who they work for.
Leaders need to ensure their organisations are fit to react quickly to whatever the future holds – and that means filling it with adaptable, creative people and working in a culture where energy and ideas spark into life. If they can't be found, they must be created.
Real competitive advantage will not come from the best technology but in using and managing your talent well. It's people who will make the difference between eventual success and failure.
Bruce Hassall is New Zealand's Chief Executive Officer at PwC.