It has been over ten years since McKinsey & Co. coined the phrase, “War for Talent”. We certainly have had the opportunity to research the subject, develop a plan of action, implement the plan and now reap the rewards of our actions. Wrong! We have said, “Bah humbug” to the program and done nothing.
A new a survey offered these key findings:
- Talent acquisition planning is sorely lacking – less than 18% of the respondents report to have a plan implemented.
- Talent management will have an impact on all levels within every organization.
Identifying and developing leaders within organizations is as important as attracting new, top-flight talent.
- 71 percent of the respondents list retention as a major challenge for 2008
Other countries are better prepared than we are in the United States.
These findings are based on the “Talent Shortage Survey” conducted by Equation Research on behalf of Stanton Chase International and Birkman, International during the 3rd quarter of 2007.
Maybe it’s frustration or just the timing of the Holidays, but I have contacted over 1000 HR Professionals and no one appears interested in focusing on the development of a Process that can help their organizations with this talent management concern. Is it reality or perception? Are we just saying that we are willing to let our successors worry about solving that problem?
The winning formula is very simple:
- Engage the top level for attracting and hiring talent from all age groups as a routine and ongoing process
- Make a company wide commitment starting at the top to:
- Attract new talent ahead of the crisis of exits
- Retain valuable talent already in the company
- Rapidly develop processes for recognizing and developing leaders within the organization
- Utilize an assessment instrument(s) to aid in both leadership identification and development coupled with coaching/mentoring programs
Bah! Humbug! Nobody’s listening, if you are listening are you acting on it?
…twas the night before…