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This newly published CIPD (Chartered Institute of Personnel and Development) 42-page report, based on a UK sample, examines employer practices, offering insights and recommendations to guide talent management and investment decisions. The report covers recruitment activity, attraction strategies, flexible working, selection processes, recruitment challenges, talent management, and workforce planning. Notable data points on workforce planning include: 1) workforce planning time horizons (p. 34), where organizations vary in how far ahead they plan for current and future workforce needs. While 31% of organizations take a short-term approach (up to six months), 18% plan more than two years ahead, with larger organizations tending to plan further into the future. 2) Data collection. Only 38% of organizations collect data to identify skills gaps, and less than a third attempt to identify future skill requirements or retention issues. About 1 in 5 assess talent availability in the market, the cost of replacing talent internally versus externally, or the cost of investing in technology for automation. HR and talent practitioners can use this report to identify opportunities for differentiated talent strategies and practices.
