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While one-in-two organizations rank talent management as a top priority, only 12% of major organizations have a fully implemented talent management strategy, as found by our survey of 628 North American organizations. We explore this quandary of the desire yet lack of execution in creating a clear and actionable talent strategy and offer steps to avoid the formidable challenges implementing such a strategy presents.
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Top 5 Shortcomings
33%of firms report strategy not clearly defined.
12% Fails to be communicated throughout organization
12% Hard to measure impact on the organization
11% Not readily actionable
17%of firms report no alignment with business objectives
46%
37%YES
strategy is somewhat aligned
strategy is aligned
Talent Strategy
“
Firms Struggle to Align
TALENT STRATEGYBUSINESS OBJECTIVES
WITH
8% Lack of alignment between corporate and business units
Organizations ought to begin increasing their alignment with business priorities, but this can only be driven by a well-formed and clearly articulated business case for the strategy. – Owen Sullivan
CEO, Right Management President, Specialty Brands ManpowerGroup
Retain high-value
talent
Plan and manage
succession
Insure future leadership
BUSINESSGOALS
ABOUT RIGHT MANAGEMENTRight Management is a global leader in talent and career management workforce solutions within ManpowerGroup. The firm designs and delivers solutions to align talent strategy with business strategy. www.right.com
©2012 Right Management. All Rights Reserved.
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ABOUT THIS RESEARCHDOWNLOAD THE FULL RESEARCH
Right Management conducted a study of 628 senior manager and human resource professionals in North America representing 22 industries in the first quarter of 2012.
• Benchmark your organization
• Identify key impediments to implementation
• Uncover the five key components of integrating your talent management strategy with your business strategy
http://research.right.com/talentstrategy
Integrated Talent Management Strategy
Respondents identified the following as the core elements of their organization’s talent management strategy: leadership development, employee engagement, talent acquisition, individual and team development, organizational effectiveness, and workforce transition.