The talent hurdles of the future — the not-so-distant future — will be far different from what they are today. Deep shifts in the global marketplace are already reshaping the supply and demand for the best and the brightest. Faced with structural changes — economic realignment, advances in technology, globalization of markets, new customer needs and increased competition — organizations around the world are demanding new skills from their employees.
According to Global Talent 2021, the vast majority of companies are undertaking transformation initiatives to rethink their global strategies, business models and organizational approaches as a result of rapid shifts in the marketplace — 41% have recently completed such an initiative or are currently undergoing one, and another 47% are preparing to do so.
Business transformation and the new geography of talent call for a fresh way of doing things in HR. Very soon, organizations will have to rely on HR executives skilled at working in diverse cultures and managing complexity, who apply the latest analytical tools — and creatively fill critical-skill gaps — before they emerge and put a damper on productivity.
Leveraging the insights from Global Talent 2021, a study that includes insights from a global survey of 352 HR professionals, two-thirds of whom were chief HR officers and senior vice presidents or vice presidents of HR, HR leaders will glean insights to help them rethink and refine their HR strategies for the new global marketplace.