Well, we all know what happens to long-term thinking when the economy turns sour. As for Talent Management, it tends to get limited attention from the top executives as costs are slashed and employees shed.
But, just as the economy seems to be shifting, so is the focus on Talent Management. In an int eresting study published just before the summer, Mercer collected some hard data (see this link for the study) that showed that more than 50% rate Talent Management as a top priority in their organization today. And 75% rate it as a top priority within 3–5 years.
So, the big companies are now switching their Talent Management to more of a growth scenario. This should entail more focus on attracting talent, including employer branding. It should also entail taking inventory of the talent pools to ensure that they can execute on the future growth strategies. Those who make the shift to a growth scenario in time will flourish. Those who do not will be playing catch-up in the hunt for the right talents.
Have you switched your Talent Management to a growth scenario yet?