Playing both offense and defense
The study documents several major fi ndings about how executives around the world are planning and managing their workforces in today’s extremely challenging economic environment:
• Senior executives have no illusions about the severity of the economic crisis or about the chances of emerging from it soon.
• At the same time, they are keeping cool heads and taking deliberate actions to manage through the challenges. Executives are seeking to fi nd the right balance between reducing headcount and workforce costs and focusing on strategic talent issues.
• At the top of the strategic talent list, executives know they need experienced talent and strong leadership to navigate today’s diffi cult economic environment. Companies around the world are focused on retaining the critical talent they have while attracting seasoned leaders.
• Companies recognize the urgency of managing their workforce headcount and costs while maximizing their utilization of talent. But a surprisingly large percentage of companies report they do little to integrate workforce planning into all levels of their planning processes. Outside of workforce planning, companies are making only limited use of analytic tools and modeling in their talent processes.
See full Study.
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