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.
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.
11 Aug 2015
Are CEOs ready for the era of automation? Find out in our CEO pulse on robotics
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.
03 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.
01 Apr 2015
The female millennial: A new era of talent publication. Attracting, engaging, developing and retaining the female millennial.
25 Mar 2015
By exploring and addressing the barriers to female mobility, there is an opportunity to enhance both individual careers and organisational performance.
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.
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.
15 Oct 2014
Explore growth, succession and global trends impacting family businesses today.
16 Sep 2014
This PwC study looks at workforce trends from around the world using data and benchmarking from PwC Saratoga
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?
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.
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.
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?