Inadequate Preparation Cited

According to Softscape’s third annual “State of the Global Talent Nation” survey report, an unprecedented 94 percent of this year’s respondents do not believe that their personnel are adequately prepared to meet their companies’ future goals. With a 30 percent rise in workforce preparedness concerns since just 2006, it is no surprise that the top concerns facing organizations today are all related to employee retention, development and performance.

These concerns have the full attention of senior management. Survey data shows executives clearly understand that to effectively compete and grow their businesses, they need to employ a high-achieving workforce that is not bogged down by cumbersome, time-intensive manual processes. Some of the worldwide trends fueling changes to staff issues:

>> Workforce productivity is a new focus as organizations seek to do more with less while trying to contain costs.

>> Individual roles are becoming more multi-functional and are requiring ongoing skill development and real-time learning.

>> Whether they are expanding or downsizing, companies are seeking to leverage centralized shared services to support global initiatives.

>> Productivity gains and cost reductions are being realized through systematic focus on improving talent management processes.

>> Changing workforce demographics are forcing organizations to deploy new approaches to how they plan, hire, develop and retain their staffs. 

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