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Talent management 'is key for businesses'

Published: Monday, 14 April 2008   Category: Life after graduation

New research has indicated that managing talent is the most important people challenge globally and will continue to be a high priority on executive agendas in every region and industry for the foreseeable future.

A study undertaken by the Boston Consulting Group and the World Federation of Personnel Management Associations (WFPMA) surveyed some 4,471 executives in 83 countries and found that managers saw improving leadership development and managing work/life balance as other top priorities.

Florent Francoeur, president of the WFPMA deemed it "the most comprehensive review of global HR practices ever conducted", and said it will provide an insight into challenges facing businesses.

Frances Wilson, CIPD international adviser, added: "Global talent shortages loom, even in these turbulent economic times, and companies must take steps now if they hope to address these shortages.

"To fully exploit global, highly skilled professionals, companies should source their talent throughout the world."


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