Talent management not top priority for all

HRM 14 Feb 2013

Only half of large corporations regard talent management as a top priority, according to a survey by Right Management, the talent and career management arm within Manpower Group.

The survey found that 13% of organisations believed talent management was a secondary priority, with 38% not finding it a priority at all.

Respondents were asked to cite the core elements of their organisation’s talent management strategy, if applicable. The following ranking was the result:

•        Leadership development

•        Talent acquisition

•        Employee engagement

•        Individual and team development

•        Organisation effectiveness

•        Outplacement and workforce transition

“Leadership development seems to be central to everyone’s idea of a talent management strategy,” said Owen Sullivan, Right Management CEO and President of Manpower Group Specialty Brands. “Clearly this is the key pressure point for most organisations. Most seem to agree about the goals… to retain high-value talent, to insure future leadership, and to plan and manage succession.”

He added that leaders and HR professionals needed to rethink work models, people practices, and sources for the right talent due to the unprecedented political, social, economic, and workplace changes now underway.

“Investing in building a talent strategy is the most strategic way to create competitive advantage,” he concluded.

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Commented by: oliver mills at 14 Feb 2013 04:38 AM Report this comment
In my view, talent management should be a priority, despite statistics to the contrary. It should be based on the philosophy of the organization, the continuously transforming needs of the economy and society, and the organization's competitive strategy. Building and managing talent, ensures future competitiveness, the prevalence of new ideas, and and organizational longevity.
Commented by: Maniam Kaliannan at 18 Feb 2013 01:19 PM Report this comment
In my view, talent management should be part of the strategic role of HRM in an organization. It is about attracting, developing, motivating and retaining the best talent who will be the successor for leadership and other management positions in the future.

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