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.
Take the opportunity to give us your assessment of the situation and development of Talent Management in your company.
Current TCI results for the first half of 2020
The corona crisis leads to positive talent climate for the first time
For the first time since the TCI surveys began in 2016, the talent climate is positive. Both the current talent situation and the expectations regarding the future availability of talent have been significantly eased by the pandemic. There are particularly positive expectations with regard to the development of the external labor market. Those surveyed predict that the availability of talent on the external and internal labor market will be nearly as good in the future.
Commitment climate nevertheless does not decline
In contrast to the talent climate, the commitment climate remains relatively stable and even increases slightly during the coronavirus pandemic. Despite the fact that internal and external talent is more readily available, talent management is evidently not immediately given a lower priority, but remains the focus of HR departments, managers, and the top management.
Corona leads to new focal topics in HR work
Contrary to what one might expect due to the crisis, staff cuts are not at the center of the HR focal topics compared to other staff and allocation measures. In contrast, employee and talent retention is particularly relevant in times of crises and working remotely. The topic of “remote work” will continue to dominate HR work for some time to come, both the establishment of remote work and the associated new demands on managers.
Remote leadership is a relevant focal topic. Against the background of these new demands on both managers and employees, topics such as resilience and “healthy leadership” are also becoming the focus of HR work to enable healthy working under new conditions.