Most organizations believe that managing critical talent is essential to their success, but it takes solid strategy to attract, retain, a nd engage key employees in today’s global business environment. Mercer’s Critical Talent Practices Survey found that 75% of surveyed companies have processes for identifying critical talent, but only about one-third say their programs for managing it are extremely effective. The new survey included responses from 124 employers across the for-profit and not-for-profit sectors in the US and Canada.
“Companies are not capitalizing on all the approaches and resources available, such as monitoring talent through workforce analytics,” said Loree Griffith, Principal in Mercer’s Talent business. “Formally tracking and communicating the development of talent can make talent strategies more effective.”
Added Matthew Stevenson, Mercer’s North America Workforce Analytics & Planning Business Leader, “While companies believe managing critical employees is necessary, most do not take the time to forecast critical talent needs and develop employees for roles that could positively affect retention and engagement efforts.”
Learn more about strategies for managing critical talent.
Learn more about Mercer’s Critical Talent Practices Survey.
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<a href="http://mthink.mercer.com/efforts-to-manage-critical-talent-fall-short/"><img src="http://mthink.mercer.com/wp-content/uploads/2014/05/140515-Mercer-135-CriticalTalent1-final.png" alt="Efforts to Manage Critical Talent Fall Short" title="Efforts to Manage Critical Talent Fall Short" /></a><br /><a href="http://www.mercer.com/">Infographic by Mercer Insights</a>