Forty-five percent of executives say talent management is the most important business strategy for global companies, according to a survey by Korn/Ferry International, a talent management company.

Although talent management is considered so critical, only 35 percent of respondents say they have talent management strategies. Respondents also report that other important strategies include marketing at 26 percent, financial management at 21 percent and capitalization at 7 percent.

Another 86 percent of respondents agree that a strong management team is the most essential part of a company's success, supporting the need for top talent. Even so, 43 percent of respondents say they do have the right management teams for the next 12 months, and 56 percent of respondents doubt they will have the right teams five years from now regardless that only 7 percent of respondents say they will follow the same strategies in five years.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
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.