Stormy times or sunny prospects? Talent management is affected by changes and trends – just like the general economic situation. Profil M regularly cooperates with Prof. Dr. Klaus P. Stulle of Fresenius University to analyse the “Talent Climate Index”. This allows us to provide you with regular information about developments in internal and external labour markets, as well as the key trends in talent management in organisations that operate on an international scale. What are the current and future tendencies regarding the options for acquiring talent internally or externally? How well prepared are organisations to utilise these developments effectively? How do managers and HR experts assess the extent of the stakeholders’ commitment? The Talent Management Index uses five key questions as the basis for a pertinent analysis of the current situation and trend forecasts in talent management. The survey focuses on a representative selection of companies and is carried out at regular intervals.
Results for the second half of 2017
Talent climate continues to deteriorate at great speed:
The negative trend on the labor market continues unabated: While there was still hope in the second half of 2016 that the worst may be over, this hope was in vain.
Internal and external talent situation continues to be critical:
65% to 77% of those surveyed currently consider the situation to be neutral to poor. The deterioration compared to the first half of 2017 is clearly visible.
Forecasts even more critical:
While expectations for internal talents are pessimistic, attracting external talents is thought to become even more difficult. Only 10% of those surveyed expect the situation to improve.
Declining commitment of the HR departments:
The willingness to invest resources in talent management has fallen slightly in general. Commitment in the HR departments has significantly declined for the first time. Is HR still willing and motivated to face the challenges?
Little satisfaction with processes and tools:
Less than half of those surveyed are satisfied with the various talent management success factors. There is currently a need for action above all with regard to installing supporting structures in the form of processes and tools for functioning talent management.
The most important results on the current talent climate can be download here.
The survey takes just four minutes to complete. Make use of this opportunity to submit your assessment of the situation and developments in talent management in your company.
What is the current talent situation in your sector? How does the commitment of top management influence the ability of your company to develop talent? Are you interested in the detailed results of the Talent Climate Study? If yes, we can send it to you by e-mail twice a year. To sign up for this, please either enter your contact details at the end of the survey or write us an e-mail.
Where are you headed, labor market? (Published in: Personalwirtschaft 06_2017)
Good times, bad times: In which direction is the labor market developing? The “Talent Climate Index” is to provide information on the talent situation and talent expectation. Initial results above all point to a strong commitment with regard to active talent management.
The full article can be download here.