Talent management - accelerating business performance

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Global Trends, Challenges and Priorities in TALENT According to 2,200 business leaders and HR professionals from 13 countries and 24 industries Management

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In a ManpowerGroup global survey of 38,000 employers, more than half (54%) reported that talent shortages are impacting their ability to serve clients to a high or medium degree. In the Human Age, talent is getting unprecedented recognition as a key determinant of business success, and talent management has become so crucial to business growth that it is forcing organizations to re-examine how they attract, develop, retain and engage employees. Right Management examined this issue in our latest study, which provides a global overview of trends, challenges and priorities drawing on feedback from 2,200 business and HR leaders in 13 countries and 24 industries. Download the research to: • Access benchmarking data on the top talent management challenges • Understand how organizations are prioritizing talent development investments • Learn how companies develop the talent they need with the skillsets they currently lack

Transcript of Talent management - accelerating business performance

Page 1: Talent management - accelerating business performance

Global Trends, Challenges and Priorities in

TALENT

According to 2,200 business leaders and HRprofessionals from 13 countries and 24 industries

Management

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1. Lack of skilled talent for key positions

2. Shortage of talent at all levels

3. Less than optimal employee engagement

4. Too few high-potential leaders in the organization

5. Loss of top talent to other organizations

TALENT MANAGEMENTCHALLENGES5

TOP

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46%

55%

37%

48%

TOP PRIORITY: Leadership Development

All Respondents

Americas

Europe

Asia Pacific

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SENIOR MANAGEMENT:Gets it or doesn’t get it?

40%of all respondents report senior management team makes the connectionBetween investing in talent managementand its business impact.

“In a continued era of cost containment, HR professionals must demonstrate to business leaders that investing in talent development initiatives will be money well spent...and utilize convincingmetrics to demonstrate ROI.” Mara Swan

Executive Vice PresidentGlobal Strategy and TalentManpowerGroup

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CONFIDENCE LACKING:Will leadership pipelines meet needs?

13% “We have an ample leadership pipeline thatwill cover most of our needs.”

of all respondents

Norway 23%Brazil 23%Japan 23%India 18%

China/Hong Kong 15%United Kingdom 14%Netherlands 14%Australia 13%

United States 12%Germany 12%Singapore 12%Canada 7%

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“Simply understanding current employee engagement levels is no longer a sufficient strategy to stem the tide of attrition. Organizations must not only be able to identify what drives engagement but do so by actively and regularly soliciting,understanding and taking actionon employee suggestions.”

Bridget BeattieGroup Executive Vice President, Asia Pacific,Middle East & Global Strategic PartnershipsRight Management

INCREASING FOCUS: Employee Engagement

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TALENT DEVELOPMENT: All or just a few?

37%1% seek to developthe skills of everyemployee

limited or noinvestment indevelopment

37%24% seek at least tooffer developmentopportunities to all interested employees

seek to identifykey contributors

and target them fordevelopment efforts

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FUTURE GROWTH:Optimistic or not for 2014?

46%of allrespondents

It will be a year of growthmarked by increasedspending on talentmanagement initiatives.

Americas 51%Europe 34%Asia Pacific 61%

39%of allrespondents

It will be similar to 2013 with some talentmanagement programsdelayed or postponed.

Americas 37%Europe 46%Asia Pacific 28%

13%of allrespondents

It will be a year withoutgrowth and probably less spending on talentmanagement initiatives.

Americas 7%Europe 20%Asia Pacific 11%

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THE PATH FORWARD:Grow or Stagnate?

The time is NOW to address talent shortages, skill mismatches, and weak leadership pipelines by investing in talent development to gear up for growth and drive faster time-to-value.

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ABOUT RIGHT MANAGEMENT

Right Management is a global leader in talent and career management workforce solutions within ManpowerGroup. We design and deliver solutions to align talent strategy with business strategy. Read the latest insights from our global thought leaders at www.right.com/blog and follow @RightUpdates on Twitter for talent management news.

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DOWNLOAD THE COMPLIMENTARY WHITE PAPERwww.insight.right.com/talentsurvey2014

• Gain benchmarking data on the top talent management challenges around the world.• Understand how organizations are prioritizing talent development investments.• Learn what companies are doing to develop the talent they need with the skillsets

they currently lack. • Uncover key actions needed to improve leader pipeline and talent management

strategy.