When talent is the biggest driver of business transformation, it can’t be an afterthought

Most organizations are feeling the frenzy to lock candidates in, but poor hiring decisions are happening and carry dramatic consequences. (Image: Shutterstock)

Recent research conducted with more than 500 C-Suite and senior business leaders found that transformation in talent, not technology, is now the number one priority for business transformation. With this in mind, it’s no surprise that for many years HR has been moving closer to the heart of business. But despite this, today’s turnover tsunami has inflicted a major, global, talent crisis. Our Talent Index data shows an astonishing 53% of workers in the U.S. and UK are planning to quit their jobs over the next 12 months and 23% are actively looking.

As the Great Resignation rages on, let’s consider the famous words of Albert Einstein who said, “In the midst of every crisis lies great opportunity.” This has never been as relevant as right now as it relates to talent. While mostly portrayed as a negative event, the mass movement of the workforce is also a positive catalyst in changing the relationship between businesses and talent for the better. In the spirit of putting people first in the workplace and winning a talent war of intense magnitude, let’s look at the following four challenges that businesses must overcome in order to realize their full potential to drive transformative change with talent: