At a time when organisations need to opti
mise their workforces by addressing talent
challenges promptly and appropriately, most companies are still struggling to institutionalise effective talent management
practices and programs, a recent study has found.
The study, conducted by Hewitt Associ
ates, found that only 17 per cent of com
panies said their workforce strategy was
consistently aligned with their business
strategy across the organisation, while even
fewer (7 per cent) reported consistently
using a specific framework to ensure in
vestments in talent management are aligned
with business results.
Furthermore, increased awareness of the
importance of talent management had not led
to well-executed talent management programs
that are aligned with business imperatives,
the study concluded.
“Today’s uncertain economic environment
has created an even stronger sense of ur
gency among companies to address talent
issues quickly and effectively,” said Cather
ine Mudford, leader of Hewitt’s talent man
agement practice in Australia and New
Zealand.
“Organisations need to make talent man
agement a shared business and HR respon
sibility, where business leaders consistently
emphasise the importance of talent man
agement, are actively engaged in the process
and hold themselves accountable in tangible
ways for engaging and developing talent at
all levels.”
