Monday, March 1st, 2010
Talent Management Magazine publishes an annual State of the Industry Report. If you have $495US you can read the whole thing, but they publish a free Executive Summary here.
It is always interesting because it brings me down to earth. I always imagine huge shifts in how TM is perceived and how it is managed in companies, but the actual moves are much more modest. However, let’s not get too depressed as the moves are all in the right direction.
Over 51% of programmes surveyed (721 companies mostly US-based) now see talent as an all employee issue. This is the first time this has ever gone over 50%. And 18% of respondents now claim to have a fully integrated TM operation (up 4% on last year). And -at last- the number of companies wehre TM goals, tactics and metrics are regularly reviewed by top execs to ensure alignment with organisational goals breaks 50% (52% actually). I still find it surprising that this figure isn’t close to 100%. 19% say that the TM strategy is not aligned at all. That is pretty staggering.
The biggest challenge is still ‘developing talent’ which overshadows the next two challenges: recruiting talent and retaining talent. The recession has apparently shifted the focus from building talent to buying talent. So there is still scope for the imaginative, aligned learning leader to storm the barricades!
Anyway read it yourself.