This situation results in settling for less than desirable applicants. Consider a sports team— if you have the best athletes, you’ll win games. Fielding athletes with lesser talent isn't a recipe for success. The only time this works out is in the movies, when theOrganizations need to manage staff that are not exactly what they need, while wrestling with keeping employees from walking out the door.
He added, “Today’s competitive climate demands that businesses are more deliberate and strategic in their approach to talent management. The expectations of top talent have changed on everything from flexible work to speed of decision making. Businesses need to become more agile and make changes using decisions informed by real-time talent data and insights.” You’d think that most leaders would rank technology as mission-critical to success.
A third of respondents report their transition will happen one to two years from now and another 29% say they have two to three years to go, despite also acknowledging that an inability to handle talent challenges carries implications, including increased talent loss , competitive vulnerability , damage to brand reputation and failure to achieve growth plans . About 91% of business leaders want human resources to do more to support the business strategically.