I am grateful to John Drysdale of Business Momentum for drawing my attention to an article in the FT recently which draws together a number of recent surveys on Talent Development. It makes interesting reading. More and more companies are rewarding executives for their appropriate behaviour as well as performance and talent gets a bigger and bigger slice of the senior team’s attention. It is no longer the exclusive domain of the HR Department: commitment – as everyone knows- starts at the top!
And in spite of all this increased love and attention there is miles still to go. The Chaterted Management Institute tells us that 40% of staff join a company because of the learning and development opportunities but as many as 23% are unhappy with what they have been offered. And most astonishing of all, although 61% of organisations surveyed by CIPD claimed that talent management was integral to their survival, only 25% considered that their current practices would deliver the leaders they needed to ensure success in the future.