Managing The Global Talent Gap
As companies worldwide look to regain market share and rebuild around core competencies, innovation and emerging technology, a surprising number believe they lack the executive talent and management bench strength to create, maintain or regain a competitive edge over the competition.
For this reason, corporate Human Resources teams around the world are putting more focus on management development to grow and season more of their own leaders from within. Chief among their leadership development targets are so-called ‘high potential’ managers who have gained and demonstrated significant business skill and expertise while at the same time cultivated a high level of professional and interpersonal synchronicity with enterprise mission, culture and strategy.
In light of the continuing albeit starkly uneven global economic recovery depending on a company’s regional, industry, regulatory and competitive dynamic, as employers increase recruitment of senior management executives they acknowledge performance expectations have swelled to very high levels.
To manage the Talent Gap, some 31 percent of global companies represented in a recent survey by leading global executive search firm TRANSEARCH International indicated their organisations have created a specialized Talent Management function to track human capital return-on-investment and its sustainable impact on business growth.
Corporate Human Resources departments are increasingly working to establish processes that can link more measurably and consistently to organisational performance. Toward realizing that objective, some are developing a focused Talent Management function and the required expertise to more effectively link talent investment with business results.
Note to Editors: About TRANSEARCH International
Executive search firm TRANSEARCH International has representation in most of the major economic centres of the world with 59 offices in 37 countries. TRANSEARCH International was founded in 1982 and is a leading global executive search firm.
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