Lack of leaders and the consequent need for programs to accelerate talent development and succession planning in companies. That is the highest current priority in the field of talent management in the world. According to a study by Deloitte titled Talent Edge 2020: Redrafting Talent Strategies for the Uneven Recovery, which involved 376 senior executives and talent managers from around the world, it will probably remain the top priority even in the next three years.
Other key findings of the study include:
Companies look for new sources of growth in the sluggish economy
More than a third of respondents identified improving top- and bottom-line performance as a top strategic priority along with expansion to global and new markets.
Increased pressure on talent development strategies on regional markets
Companies in the Asia Pacific region face significant talent shortages in research and development (68%), operations (64%) and strategy and planning (62%). In North and South America, executive leadership and operations (56%) are the most painful areas. In the EMEA region, the concerns about talent shortages are considerably smaller.
Corporate talent management programs fail in performance and investment
Only 17 percent of senior managers believe the talent management programs in their companies as "world class across the board". The remaining 83% admit the need of significant improvements and investments.
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