Finding and retaining the right talent, and simultaneously managing costs, is a perennial challenge for businesses of every size in every sector worldwide. The competition for talent is as fierce as ever, as the global population ages, the nature of work changes and companies look for the skills they need to grow.

Many organisations also lack the sort of information they require to make informed plans and decisions – e.g., information about returns on investment in human capital, staff productivity and employees’ views.

What does this mean for your business?

Tackling such issues successfully involves adopting a more strategic approach, based on a powerful employer brand. With better information, companies can also identify the kinds of skills they need, and where they need those skills, to realise their short- and long-term plans.

One key step is to embed and integrate workforce planning into business planning from the start, rather than treating talent as an afterthought. This demands strong board support on talent sourcing and management, and close on-going collaboration between HR and the business.

Put simply, managing and capitalising on talent is no longer a role that can – or should – be left to the HR function alone. Talent strategy and business strategy must go hand in hand. Otherwise, there’s likely to be a big gap between what you aim to do and your ability to do it.

How we can help

    View our latest Talent research and insights

    Tomorrow's leaders today

    03 Jun 2016

    For the past 19 years, PwC’s Annual Global CEO Survey has been talking with the world’s CEOs about how the business landscape is changing. But what of the leaders of tomorrow? How do they see these global trends and business priorities?

    19th Annual Global CEO Survey - Talent Strategy in an unpredictable world

    16 May 2016

    Our 19th Annual Global CEO survey asked over 1,400 business leaders for their views. Issues around talent were high on the CEO agenda.

    Next Generation Survey 2016

    11 Apr 2016

    Great Expectations, PwC's surveyed over 250 next gens of family businesses to understand the issues they face as they prepare to take over. What we found is that succession, professionalisation and digital/technology are still top of mind for the next gen.

    Moving women with purpose

    02 Mar 2016

    Moving women with purpose. Creating gender inclusive international mobility programmes.

    CEO pulse: Pulse on robotics

    11 Aug 2015

    Are CEOs ready for the era of automation? Find out in our CEO pulse on robotics

    People strategy for the digital age: A new take on talent - 18th Annual Global CEO Survey

    21 Jun 2015

    The digital revolution is reshaping the way we live our lives and the way we work. As business strategies undergo a fundamental re-think, so must organisations’ people strategies. A wholesale re-design of work is now required.

    Female Millennials in Financial Services: strategies for a new era of talent

    09 Jun 2015

    Diversity and inclusiveness are now competitive imperatives and female millennials are set to play a critical part in future Financial Services growth.

    The female millennial: A new era of talent

    31 Mar 2015

    The female millennial: A new era of talent publication. Attracting, engaging, developing and retaining the female millennial.

    Developing female leaders: Addressing gender bias in global mobility

    25 Mar 2015

    By exploring and addressing the barriers to female mobility, there is an opportunity to enhance both individual careers and organisational performance.

    A new take on talent

    19 Feb 2015

    As industry transformation and disruption gather pace, financial services CEOs are more concerned than ever about the limited availability of key skills.

    18th Annual Global CEO Survey: diversity

    20 Jan 2015

    CEOs must expand their view of diversity to develop a talent mix that can compete in the future. Read more in PwC's 18th Annual Global CEO Survey.

    Key trends in human capital 2014: A new vision for growth

    16 Sep 2014

    This PwC study looks at workforce trends from around the world using data and benchmarking from PwC Saratoga

    The Future of Work – A journey to 2022

    02 Aug 2014

    What will the future of work look like for businesses, workforces and HR? How will you make sure you are not swept along into 2022?

    Are you ready for tomorrow’s workforce?

    01 Jul 2014

    It’s harder than ever for CEOs to find and keep the right people in the right place at the right time. Yet only 6 in 10 have taken tangible steps in the war for tomorrow’s talent.

    We the urban people

    16 Jun 2014

    Demographics are a knowledge tool around which policymakers in business, government, and education can understand the flow of emerging needs and can develop strategies to advance the well being of urban people and communities.

    CEO capabilities: 18th Annual Global CEO Survey: PwC

    What did CEOs in our 18th Annual Global CEO Survey name as the one capability that tomorrow’s leaders will need in order to succeed?