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."

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.