Only 18 Percent ‘Winning Talent War’

How well are organizations doing at finding, retaining, and developing top talent? According to consultant Marc Effron of the New Talent Management Network:

>> 18% of companies claim to be winning the war for talent.
>> 72% portrayed it as an endless struggle in which they were neither gaining nor losing ground.
>> 10% declared that the war for talent was winding down in defeat for their enterprise

According to Harvard Business Review’s George Anders, organizations commonly face three challenges in the talent war:

1) “We aren’t sure what we’re looking for.”
2)””Talent development is just a slogan, not a way of life.”
3) “We don’t know how to get better.”

Richard Nantel of Bersin & Associates suggests that organizations in the West have abandoned workforce development in favor of finding ready made talent. Anders’ statement No.2 above supports Nantel’s assumption.

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