Talent Management Is Lowest Priority

Only 5 percent of managers count talent management as their biggest challenge, according to a new survey by Minneapolis-based Personnel Decisions International, Human Resource Executive Online reports. Perhaps unsurprisingly, 83 percent said that pressure to cut costs was their toughest business challenge.
But cutting costs isn’t always the best long-term strategy—we all know that. “The best executives are focusing on both short-term challenges and long-term strategies,” says Mark Sokol, SVP and global practice leader at PDI. “They recognize the need for key talent that can help the company get through current tough times, while also setting the stage for a competitive advantage once the recession ends.”
So how do you do that? More after the jump.

Sourcing is still a challenge among “recruiting decision-makers,” according to talent-management consulting firm The Newman Group. Though technology is “assumed” to be part of the process, companies are still debating the relative merits of LinkedIn, Twitter, wikis, and blogs. And at small companies, HR pros reported that their pool of talent to choose from was too small. So can you combine these two issues? Does social networking and reaching out to prospective employees via the Internet work, and what’s the way to do it right? It seems most companies are still wrestling with this question.
Caveat: The survey was conducted in December 2008 and January 2009 (why does it always take so long for these things to filter down, hm?), so it’s possible things have changed since then..but from what we’ve been reading in the news, not likely.

Publish date: April 1, 2009 https://stage.adweek.com/digital/talent-management-is-lowest-priority/ © 2020 Adweek, LLC. - All Rights Reserved and NOT FOR REPRINT