Talent Is Top Priority for CEOs, Overtaking Managing Risk

How talented are your employees?

According to findings from PricewaterhouseCoopers’ (PwC) 14th annual Global CEO survey, managing talent has eclipsed risk as CEOs’ top priority:

  • Approximately 83 percent of the 1,200 CEOs queried from 69 countries intend to change their firm’s talent management strategy over the next year, and for 31 percent, these changes will be drastic.
  • Behind talent management, the priorities are risk management and investment, with 77 percent and 76 percent of CEOs respectively anticipating changes in these areas.

In 2010, risk management was the top priority for 84 percent of CEOs, followed by investment — 81 percent — and talent — 79 percent.

The outlook varies from region to region. In Asia Pacific and the Middle East, 92 percent and 89 percent of CEOs, respectively, intend to make changes to their people strategy, whereas in North America, only 78 percent plan to do so.

“As we move out of the downturn, CEOs are putting the focus firmly on their people,” says Michael Rendell, global human resource services practice leader at PwC. “Competition for talent is intensifying as recruitment activity picks up in some sectors and there are increasing difficulties finding staff with the right skills.” Rendell continues to state that, “survey findings are encouraging, suggesting talent will be reflected more in company strategy. HR professionals need to help CEOs see what can and should be done.”

Contact Mary Hladio, (513) 984-9333 for a 30-minute complimentary consultation to discuss the talent in your organization.

WorldatWork (04/20/11)

Web: www.embercarriers.com|Twitter: www.twitter.com/embercarriers|LinkedIn: www.linkedin.com/in/mhladio

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