Given the slow economy, employers are still doing more with fewer employees; however, only one-third of employers effectively manage their talent, according to a survey of global leaders by the Korn/Ferry Institute.
Specifically, three-quarters of respondents say they do not have the necessary budget, staff and skills to manage talent effectively while only 29 percent of respondents report that their organizations have the required technology to integrate talent data.
"It's clear that organizations have more work to do in the way they manage talent," says Ilene Gochman, Ph.D., global leader of integrated talent management at Korn/Ferry. "Companies must invest in resources to support talent management and to differentiate talent based on well-defined measures of potential and performance. The good news, though, is that most organizations already have the foundational basics in place."
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