With talent hard to secure, executives are turning inside for competitive advantage.
Executives in our survey recognize that when it comes to growth and innovation, the risks and rewards associated with an organization’s talent are among the most critical areas.
With many major economies running at near-full employment, there is a clear focus on the need to retain and motivate their existing talent.
Having a flexible, well-trained and rewarded workforce is key to an organization’s ability to capitalize on changes in customer buying patterns and emerging technology. Companies need to be able to pivot quickly in response to new technologies or competitive disruption.
From building a culture where innovation thrives, to defining the company’s purpose, to retraining workers to meet the demands of evolving business models, a company’s people strategy is critical to competitive strength.