What will the value of talent management be in 2012?
As predictions go, the importance of talent in the year ahead is a pretty easy one to make. Companies are under increasing pressure to stay competitive and having the right people in place is an essential part of that. US employers anticipate that the fight for recruiting good candidates will get 33.3% more competitive in 2012 (Source: Jobvite 2011 Social Survey Recruiting Results). What could the value of effective talent managementmean to you in 2012?
Skills drain:
Failing to address the competition for talent now could create problems well beyond 2012. A skills drain in which talented candidates move on to other companies could significantly reduce your competitive edge and your revenue.
Resources drain:
The cost of continually recruiting and rehiring talent is an obvious drain on financial and other resources. It also has a knock on effect on the surrounding team and organisation.
Reduced performance:
Losing the fight for talent could create a serious reduction in performance in 2012, 2013, 2014 and beyond.
