The shocking statistics
“Amid a challenging economic environment we have seen a renewed interest in talent management as companies seek to secure competitive advantage. Companies and HR departments need to work much harder on implementation” – Hewitt UK Talent Survey 2008
Did you know?…
- Poor succession planning wipes £2 billion from the stock market value of FTSE 350 companies every year.
- Management retention is a huge issue; the cost of recruiting a middle manager is between 33% and 65% of their annual salary.
- 77% of organisations experience talent retention problems.
- 88% of senior managers now think talent management has become a top strategic priority (versus 53% in 2006) – Hewitt UK Talent Survey 2008
- Despite the challenging economy, UK employees are among the most likely to consider leaving their job during the next 12 months, with 53% of employees leaving to fulfill their career development needs elsewhere.
- Changing workforce demographics means that leadership and management skills are in short supply.
66% of organisations find it difficult to identify, develop, engage and retain their talented people and many have no talent management strategy. This is often due to insufficient time, money and expertise to internally and pro-actively manage this emerging priority.
11% of organisations are actively identifying talent but doing nothing to develop it.
The Talent Pool has been created to address all of these issues whilst allowing you to focus on running your business.
Would your business benefit from working with The Talent Pool?
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