Talent
shortages push companies to leverage their existing
workforce
Nine out of
ten North American business and HR executives recently
surveyed say their companies are experiencing increased
competition for talent, increasing the amount it takes to
hire new workers, forcing them to offer higher
compensation packages, and reducing their overall business
flexibility. As a result, these executives say, they will
increasingly look to their existing workforces.
These findings
were part of a study titled the 2007 Performance and
Talent Management Trend Survey, which presents responses
from 726 business executives and HR professionals.
88% percent of
respondents say the critical competencies needed in their
organization are changing, and nearly half say they are
changing to a “high” or “very high” degree.
The survey
underscores the growing need for improved processes and
systems for talent management and development, as well as
the significant positive effects that the implementation
of talent management solutions can make. But it
demonstrates that a large percentage of companies don’t
have adequate talent management practices in place.
Nearly three
quarters of all respondents either strongly or very
strongly agreed that talent management was a strategic
priority within their company. However, only 57% said
their companies have formal plans to identify, grow and
retain talent.
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The
demands on your leaders continue to increase. The bar is
going up … what are your plans to deal with these
challenges?
Cognition
Network's service is directed at proactively equipping leadership
teams for the challenges they face by challenging each other to keep
raising the bar, increasing the level of trust and transparency,
encouraging fresh perspectives, breakthrough ideas and innovative
solutions, demonstrating a bias for strategic change, reawakening
creativity, developing a shared sense of urgency, enhancing the
team’s level of cohesion and collaboration along with creating a
forum for validating decisions.
Your leadership
team will show demonstrable progress in their leadership and
professional development.
Members create
and execute development plans that support organizational objectives
and address their needs for soft, technical & business skills
utilizing a library of development planning and execution resources.
Cognition
Network’s delivery model overcomes the weaknesses of traditional
approaches creating accountability to the executive sponsor, other
workgroup members and to the members themselves. Accelerated
leadership development takes place through use of advanced problem
solving and issue management methods. |
