Deloitte: Execs Not Impressed With Their Companies’ Talent Development

A new Deloitte survey of 376 senior leaders at large companies (those with annual revenues of more than $500 million) throughout the world finds that only 17 percent bellieve their organizations’ talent programs are “world class across the board” and 83 percent believe significant improvements need to be made. The survey, Talent Edge 2020: Redrafting Talent Strategies for the Uneven Recovery, also finds that execs in the Asia-Pacific region are seeing significant talent shortages in areas such as research and development (68 percent), operations (64 percent) and strategy and planning (62 percent), while leaders in the Americas see executive leadership and operations as the main talent gaps (both 56 percent. Business leaders in Europe, the Middle East and Africa are far less concerned about talent shortfalls, according to the survey.

When asked what their top talent priorities are, developing leaders and succession planning was chosen by 30 percent of executives, the highest of any response in the survey. When asked to choose which “core talent priorities”  will increase within the next 12 months, 73 percent said performance management, 72 percent said talent assesssment and 71 percent chose high-potential employee development.

“Today’s top talent organizations are not sitting back and waiting for a slow recovery to solve their talent challenges,” said Alice Kwan, Deloitte Consulting’s talent-services leader. “These executives are more likely to invest … across the board on talent priorities and initiatives.”

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