An essential element of talent management is the ability to proactively detect talent risks within an organization and, then, mitigate those risks through proactive tactics. And while risk-mitigation in itself provides an ROI, the ability to identify and address talent risks faster and more effectively than competitors can give an advantage when it comes to …
In this one-hour-long webinar, David Harcourt of Yum! Brands Inc. shares his research and experimentation with HR analytics and shows how to align strategic talent management goals with HR analytics projects and activities. He covers 1) examples of successes at Yum!, and how to learn from experimentation 2) how to engage company leadership in HR …
In a few of my posts the past six weeks, I covered the topic of scenario planning (SP) and how it is a vital component of strategic workforce planning. And while not limited to strategic workforce planning (SWP), SP enables organizations to envision various-plausible (but uncertain) futures and to determine possible responses. These scenarios are …
The rapidly changing nature of work coupled with unexpected external circumstances, such as the novel coronavirus pandemic, requires organizations to continuously relook and adjust talent strategies as needed. One component of this evaluation is trying to understand the supply and demand of skills within the workforce. In many respects, circumstances will result in a shortfall …
While most organizations have a business strategy and a financial plan to support it, The State of Talent Optimization report finds only 36 percent have a talent strategy —and a mere 12 percent align their talent and business strategies. However, those that align talent with business strategy outperform others by 16%, retain 30% percent more …
The 2020 Talent Trends Report released by Randstad outlines the top 10 talent trends for 2020. What I like about this report is that for each trend it: 1) provides a summary of the trend, 2) raises three questions talent leaders should ask regarding the trend, and 3) offers five ways to prepare for and …
In this article, Josh Bersin addresses the challenge of talent shortages and how it will continue to be a key issue for organizations in the years to come. As organizations continue to compete for external talent, the article raises the need for a talent strategy that creates an internal “talent marketplace.” Stated differently in the …
If you ask an organizational leader to articulate his/her company’s talent strategy, the answers probably will sound more like a list of talent processes, programs, and practices versus a talent strategy. While these elements enable a talent strategy, by themselves, they are not a talent strategy. A talent strategy is a road map for how …
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