Talent management - your business strategy

Retaining, developing, and engaging good quality people has never been more crucial than it is today as the recession has led to much restructuring and uncertainty.

There is a need to balance immediate critical business needs (e.g. reduce costs) with longer term strategic goals.

Employee engagement, motivation and morale is now even more critical as workloads, stress and uncertainty increase.

• Every CEO tells us that the demand for leaders exceeds supply. We know that for every two leaders who leave an organisation, only one replaces them.
• 40% of managers are due to retire in the next 5-10 years and, in some sectors, this is worse.
• Only half (49%) of employees feel fully engaged at work and that less than two thirds feel no loyalty to their employer — YouGov survey, Financial Times
• Over 60% of people agreed that current programmes of staff development would not aid the future survival of their business — Internet Time Group Research

Although most business leaders would agree that talent management is vital to delivering business results, two thirds of organisations have no talent strategies in place or any way to identify, develop, engage and retain their future management pool. This is often as a result of insufficient time, money, or expertise to manage this emerging priority.