Is Poor Talent Management Holding your Company Back?
A new CGMA report shows that 43% of chief executives, CFOs and human resources directors believe poor human capital management has kept their companies from reaching key financial targets in the previous 18 months. Forty per cent of executives said subpar talent management hinders their ability to innovate, and the respondents also linked inadequate talent management to issues including the inability to expand into new markets and complete major projects, difficulties forecasting growth and a slide in their company’s competitiveness.
The report, Talent pipeline draining growth: Connecting human capital to the growth agenda, came from results of a global survey of 313 chief executives, CFOs and HR directors. The report was conducted by the Economist Intelligence Unit for the Chartered Institute of Management Accountants (CIMA) and the American Institute of CPAs (AICPA).