Talent is receiving unprecedented recognition as a key determinant of business success in today’s age. In fact, talent management has become so crucial to business growth and economic progress that it is forcing organisations to re-examine how they attract, develop, retain and engage employees. This requires a strategic commitment to unlocking the potential of talent in an organisation. Below we have outlined the top talent management challenges HR’s will face.
Top Talent Management Challenges
Lack of skilled talent for key positions
Shortage of talent at all levels
Less than optimal employee engagement
Too few high potential leaders in the organisation
Loss of top talent to other organisations
“Talent impacts almost every major decision, and knowing how to access, mobilize and develop the right talent, no matter where it is in the world can have a significant impact on business success.”
Why has investing in talent become so important? Below are some of the top reasons why talent management is important and why your organisation needs to invest in it..