David Conradie, Director of Human Capital at Deloitte who is part of team that annually brings us the Best Company to Work For survey recently wrote and article about effective Talent Management during periods of growth and economic upturn.
David highlights 4 challenges to management in 2010 being:
- Top talent is on the move
- Employee satisfaction
- Multi-generational workforce
- Lack of structured leadership development
He concludes that Companies that achieve the best balance of offensive and defensive talent strategies will have the inside track on the recovery curve. Furthermore, a strong employer brand strategy that goes beyond recruitment campaigns and a desire to simply be seen as an employer of choice will be crucial if companies wish to engage and retain those employees who add the most value and organisational strength.
Developing high potential employees remains a priority, with more than 4 in ten executives expect to increase their programs aimed at training such employees and cultivating future corporate leaders. In light of these survey results, companies that have effective leadership programmes are more likely to establish developmental career paths, establish robust leadership pipelines and have higher workforce morale.
Clearly, the New Year brings a renewed imperative to grow and compete for both customers and talent while retaining and up-skilling critical talent. Now is the time to shift out of ‘survival mode’ and get proactive on your talent management strategy remembering that the upturn could be as rapid as the slide into recession, so organisations should not allow themselves to be caught off guard.
Visit Deloitte.com for more information – Best Company to Work For
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Tue, Jul 27, 2010
Business