A recent study by the Economist Intelligence Unit and PricewaterhouseCoopers states:
Workforce investments represent a singular untapped opportunity for technology companies to drive financial performance in the coming decade. The effectiveness of these investments may well determine which companies succeed or fail; which companies continue to innovate, cut costs and drive productivity; and which companies spend too much energy just to replace the talnt they once had or work without cohesion due to poor leadership and direction.
The studies main observations about talent management for technology executives:
1. A priority with failing grades. Many technology executives are making human capital management a greater priority, but the survey shows they do not have a high regard for their firms’ capabilities in this area.
2. Acquiring hybrids. Executives are beginning to experience a painful scarcity for the essential employee: that talented, technically-savvy individual who can collaborate, innovate, and manage change.
3. Harvesting talent from within. Technology companies worldwide are focusing on personnel development and training, and, by inference, on the retention of new hires and existing personnel.
4. Managing global markets and global talent. Nearly half of all technology companies say they difficulty finding technical talent in emerging markets, and just under half say these difficulties include the retention of skilled people around the globe.
Read the study at:
Technology Executive Connections: Successful Strategies for Talent Management. [Economist Intelligence Unit and PricewaterhouseCoopers]
Workforce Vision * Post: Bill Inman * Human Capital * Contingent Workforce * Globalization * Trends * Outsourcing
