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 TKI results for the second half of 2019
Purpose is of great importance, but challenging for most:
The topic of “Purpose and meaning at the workplace” is of great importance to most of the respondents and should be increasingly taken into account to attract/retain internal and external talent. However, this goal poses a serious challenge in day-to-day business, which companies have so far met with very heterogeneous intensity. Companies differ greatly in terms of the extent to which they have already taken action in this respect.
Positive talent climate trend was not sustainable:
While the last two surveys pointed to an easing of the internal and external talent climate, this trend was interrupted in the second half of 2019. At the moment, the values are roughly at the level of 2016/17. In absolute terms, the talent climate remains negative.
Close correlation between talent climate and economy:
For the first time, the TCI results were compared with the data from the ifo Business Climate Index, which was collected at the same time. As expected and statistically confirmed, this shows a mirror image relationship: If economic forecasts are positive, the talent climate is negative and the perceived availability of internal and external talent decreases. This is the first time that the clear correlation between general business development and the labor market has been proven.