The Fight for Talent | KPMG | CA

The Fight for Talent

The Fight for Talent

Talent management is now firmly on the C-suite’s agenda with organizations competing for top talent on an unprecedented scale

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The Fight for Talent

The Fight for Talent

Time for a more holistic approach to talent risk

Talent management is now firmly on the C-suite's agenda with organizations competing for top talent on an unprecedented scale.

Despite the increasing concern for talent issues, new research findings from KPMG International reveal that many organizations take a narrow approach to talent management – one that is steadily weakening their organization’s competitiveness and agility.

The resulting report - Time for a more holistic approach to talent risk - shows many organizations are seeing only half the picture. Many organizations are being driven to implement short term ‘point solutions’, ignoring the need to configure their talent management efforts in a broader, more sustainable ways.

 

What does this mean for Canadian companies?

The survey reports organizations are downplaying talent risks in the areas of connection, diversity and performance management.

  • The lack of emphasis on "connection" is a concern given the nature of work today as well as the entry of younger generations into the workforce.
  • In Canada, downplaying Diversity has increasing importance with the recent announcement from the Ontario Securities Commission requiring companies to annually publish a description of their diversity policies. This new standard is the first of its kind in Canada and will likely be the catalyst for change in diversity in many organizations.
    • Retention continues to be a key concern consistent with last year's global survey - Canada rated this the #1 Challenge in the Rethinking Human Resources in Changing World Survey
    • Cost as a driver/concern is best considered a more balanced view of talent needs and challenges
    • The survey points to a difference of opinion between HR and line Managers about talent needs and priorities.

Please contact us for more information on how your organization can minimize talent risk.

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