There is no one-size-fits-all for managing talent. Yet, many organisations still behave as though there is. The wake-up call of changing workforce demographics and the mismatch between the skills that organisations need, and those that are on the market, is taking a greater toll.
As unemployment climbs in southern European markets and jobs remain unfilled in others, the question of how best to match skill with opportunity becomes more pressing. With almost 9 in 10 companies experiencing a talent shortage, according to research by McKinsey, and three-quarters saying that the inability to find skilled workers continues to have a negative effect on their business, the talent mismatch is becoming a growing issue for productivity.
The challenge for employers is to:
All of these talent management issues are critical to growth, to innovation and to overcoming the uncertainty stalemate across the EU region, and indeed much of the developed world.
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