Originally Published in HR.com | By Joy London | March 17, 2017
The role of the Chief Talent Officer is critical to a company’s ability to attract and retain top talent effectively. Today’s talent management executives must work across business functions to implement best practices that will help foster a strong company culture and keep their best employees engaged. Earlier this year, Consero Group surveyed a cross-industry collection of corporate talent management executives to identify the main challenges and priorities for this group of senior executive leaders.
The results are provided in the 2017 Talent Management Report, which provides data in four key areas that Chief Talent Officers should closely monitor to ensure that their organizations are attracting and retaining the kind of employee base that will move their business forward.
Implementing New Technology: The report found that two-thirds of talent management executives are dissatisfied with their current HR analytics program. However, the use of predictive analytics to assess and improve talent acquisition and management programs seems to be growing, as 22% of survey respondents recently launched the use of a predictive analytics software and 48% have it under consideration. However, none of those surveyed have what they consider to be a fully mature predictive analytics program. It seems likely that the industry will see an increase in adoption and implementation of new and efficient software over time, which should play a significant role in improving talent strategy.
Focus on Efficiency: Talent management executives need to create the most productive program that is tailored to the company’s needs. To ensure this, talent management executives should work with business leaders in their organization to define a clear talent management strategy that allows the company to retain the right talent for the business. The survey found that the largest area of focus and strategy for the future was recruitment, followed by leadership development and performance management.
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