Time to Step Up: Challenges and Opportunities Facing Talent Management

In a complex and rapidly changing world there has never been a greater need for talent management executives to question themselves about what they do, why they do it, and the purpose of their work. More of the same—but executed better—is no longer good enough. HR needs to shift its thinking from focusing on annual processes the function administers to deliberate talent solutions that create impact against business measures— return on investment, return on assets, and return on expectations. This report looks at the opportunities and challenges facing the future of talent management and addresses four basic concerns that go the heart of the talent management function’s future:

• What are the fundamental changes and forces affecting the business and talent landscape?
• What are the implications of these changes and forces?
• What should companies do differently to be successful in this changing world?
• What questions should talent management executives ask of themselves and their executives?

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