Hourglass: Making the Most of Your People
Delivering Results Through Talent: The HR Challenge in a Volatile World
The 15th Annual Global CEO Survey.
The talent crisis is no longer a problem of the future. It is here and now and is threatening business growth and economic prosperity.
As the global business landscape continues to evolve, the challenges remain and intensify in many countries. We are witnessing a huge shift of economic power and opportunities to emerging economies, particularly in the East. Businesses are looking for sustainable growth and their targets are more demanding than ever. Organisations are having to rethink their talent pipeline and transform their HR function to deal with new priorities and risks.
The impact of technology and need for innovation continue to demand new skills in new places. A clear plan for global talent mobility alongside the development of strong local talent is vital. The new world has also brought new regulatory obligations, transformed our view of pay and incentives, and refocused our definition of employee engagement.
We are in the age of the millennials, a generation that wants more, wants it now and has many questions and challenges for its employers. The pace of change is not slackening and is set against a backdrop of changing demographics and new sophisticated emergent competitors.
To be successful, HR has to be a true partner to the CEO - helping to shape the priorities and plans of the business. How HR leaders take up this challenge may well determine whether their organisation will sink or swim in these turbulent times.