Why Talent is Strategy

January 17, 2019 / GuidesFor Team

In a 2018 report on the “Global Talent Crunch,” consulting firm Korn Ferry forecasts that by 2030, there will be “talent shortages of 85.2 million skilled workers, resulting in US$8.452 trillion in unrealized revenue across twenty of the world’s major economies.” There is no doubt that the issue of talent has a direct impact on the bottom line of any organization. This is why talent management is a critical aspect of strategy. Recruitment is only one step in an entire process that aims to yield long-term results. Managing talent can only be successful when HR teams effectively collaborate with management teams. Study the steps in the following article from the HR Exchange network for an introduction to the key elements of a strategic approach to talent management. – Jem Santos

Read the source article at HR Exchange Network

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