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Quick Takes — December 26, 2006

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1. Competition for Top Talent Heats Up in 2007

2. Half of Corporate Boards Admit Poor Planning for CEO Succession
About half of all corporate boards concede to doing a poor job of planning for CEO succession, with an even greater proportion failing to develop talent and future leaders.

3. Heart Attacks Rise as Unemployment Falls
We’re happier when the economy is better, but it doesn’t mean we’re healthier.

4. Work/Life Balance an Elusive Goal
Although 90 percent of employees surveyed say achieving work/life balance is a high priority, only 15 percent claim to be anywhere close to attaining it.

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Candidate Sourcing

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Competition for Top Talent Heats Up in 2007

Competition for top talent is fierce and expected to heighten in 2007, according to a new survey.
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2007 Talent Wars: Competition for top talent is fierce and expected to heighten in 2007, according to a new survey. Applicant tracking system maker Cytiva Inc. of Vancouver, British Columbia, found that HR directors are viewing three potential solutions: 27 percent say they’ll improve retention programs, 20 percent will concentrate on improving their applicant tracking systems, and 15 percent plan to rely more on employee referrals. Less than 2 percent plan to outsource their recruiting function. The survey should be read with some caution, however: Cytiva is a vendor of applicant tracking software.

—Garry Kranz

Next Article: 2. Half of Corporate Boards Admit Poor Planning for CEO Succession
About half of all corporate boards concede to doing a poor job of planning for CEO succession, with an even greater proportion failing to develop talent and future leaders.

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