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Employers Worry about Scarcity of Talent
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Employers Worry about Scarcity of Talent
PHILADELPHIA – February 7, 2012 – Lack of potential leaders is the most pressing human resource challenge organizations expect to face in 2012, according to a survey by Right Management, the talent and career management experts within ManpowerGroup.
Thirty-one percent of respondents cited their organization’s lack of high-potential leaders, while 23% indicated a shortage of talent at all levels.
Right Management surveyed senior executives at more than 600 firms across the U.S. representing government, non-profit, public and private organizations.
Survey respondents were asked what they expect to be their organization’s most pressing HR challenge in 2012:
| Latest | Year ago |
Lack of high-potential leaders in the organization | 31% | 30% |
Low engagement and lagging productivity | 26% | 22% |
Shortage of talent at all levels | 23% | 18% |
Defection of top talent to other organizations | 19% | 30% |
“After three years of organizational contraction and less internal investment companies are taking a hard look at their onboard talent and aren’t pleased with what they find,” said Michael Haid, Senior Vice President of Talent Management for Right Management. “Lean times make it hard for organizations seeking to recruit, retain or develop future leaders. And they’re keenly aware of the tough competitive environment they’re in and the need to hold onto and build leadership.”
Defection of top talent is also a ranking concern of many employers, observed Haid. “In fact, for nearly one-in-five of our respondents it’s the main worry…losing strong performers to other companies which may be enticing to individuals who may feel stifled with their present employer. This is the kind of concern that HR people lose sleep over.”
Right Management conducted the online survey between November and December 2011. Participating were 631 senior executives and HR professionals.
About Right Management
Right Management is a global leader in talent and career management workforce solutions within ManpowerGroup. The firm designs and delivers solutions to align talent strategy with business strategy. Expertise spans Talent Assessment, Leader Development, Organizational Effectiveness, Employee Engagement, and Workforce Transition and Outplacement. With offices in over 50 countries, Right Management partners with companies of all sizes – including more than 80% of the Fortune 500 – to help grow and engage their talent, increase productivity and optimize business performance.
Media Contact: Shari Fryer, shari@fryerassociates.com, 970-846-6607