Redefining talent management key to achieving business growth

The key to achieving business growth is radically redefining how talent is managed, developed and incentivised with tightening labour markets, increased sophistication in hiring for best fit and a more demanding employee population.

According to Mercer's 2016 Global Talent Trends Study, the perspective of both employers and employees, a lack of development, outdated processes and discontent with the role of managers are the main drivers of workforce dissatisfaction.

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The study incorporates the views of both employers and employees on key workplace issues and priorities, and is based on the perspectives of more than 1,730 human resource (HR) leaders and over 4,500 employees in all industries across 17 countries.

Surprisingly, 85 per cent of organisations report that their talent management programmes and policies need an overhaul. Managing these changes requires support from leadership; however, only four per cent of HR professionals report that the HR function is viewed as a strategic business partner within their organisations.