Opportunity Knocks, but No One’s Home: Additional research is out that
reinforces a widespread view: Anything related to recruiting, retention and
developing employees dominates the agenda of most corporations. Retaining top
talent is the chief priority for nearly three-quarters of companies in 2008,
according to a study of HR executives by the Institute for Corporate
Productivity in Seattle. A close second is retaining high-performing
contributors, cited by seven in 10 companies. Nearly as many firms (64 percent)
say recruiting talented employees is growing increasingly important.
A similar refrain is sounded in a global study of nearly 5,000 executives
across 83 countries. That research, a collaborative effort of the Boston
Consulting Group, the World Federation of Personnel Management Associations and
the Society for Human Resource Management, concludes that despite people
challenges being prevalent, companies largely are unprepared to effectively
respond. Urgency also is needed if companies want to improve leadership
development and adapt to demographic changes to their workforces, the report
states.
Workforce Management contributing editor Garry Kranz is based in Richmond, Virginia. E-mail editors@workforce.com to comment.
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