According to a recent study, 97% of executives expect to see increased competition for talent over the next 12 months.
That’s the view shared by thousands of business executives who responded to business consultant Mercer’s 2019 Global Talent Trends Study.
And, the study found, more than half of executives from high-growth companies – 52% – see the length of time it takes to find and hire new talent as their biggest people-related challenge.
‘Human capital risks’
That’s why more organizations are focusing on how to address what the study labels “human capital risks.”
They are working to understand where their workforces lack skills needed to compete now and in the future.
And they’re looking to HR to develop people strategies focused on identifying and filling those gaps.
According to Mercer’s analysis, that requires breaking down HR silos.
The consultancy recommends closely integrating talent acquisition, compensation and benefits, career development and learning and aligning them with organizations’ strategic priorities.
With competition for talent so intense and market trends so unpredictable, developing the skills of existing employees becomes more urgent.
Source - Read More at: www.hrmorning.com