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Global Talent Gaps (and Risks) – A New Analysis Despite today’s high unemployment rates, the global talent risk is growing. Soon staggering talent gaps will appear in large parts of the world threatening economic growth. Talent Management Challenges Impede Growth Prospects As companies worldwide begin to position themselves for future growth in the face of an uncertain economic recovery, a new survey finds that concerns over their ability to attract and retain key talent, or to plan for an orderly replacement of talent, could thwart those efforts. The survey also found significant gaps in employers' capabilities to address talent management and succession planning issues. Global Talent Index 2011 - 2015 Judging by persistently high unemployment levels in many rich-world countries, and growing pools of potential recruits in the developing world, policymakers and business leaders may be forgiven for viewing “talent wars” as a relic of a pre-downturn idyll. Such views may be misplaced: big demographic trends such as population aging remain unchanged, and improving economic performance in the major economies over the next few years are likely to result in demand for talent again outstripping supply. Moreover, even in developed countries, there remain today serious shortages of recruits with the critical “soft” skills companies require most. The 2011 CEO Agenda - Growth, Talent, Cost Optimization, Innovation CEOs across the globe cite business growth as the most critical challenge they face, according to the results of The Conference Board CEO Challenge 2011, which were released recently. In this year’s survey, over 700 CEOs, presidents and chairmen from across geographies and industries identified the most pressing issues they face in today’s business environment. Retail Opens its Door to “Outsiders”. New Perspectives Sought A new survey of 135 CEOs and presidents within the retail industry revealed that 74% of the respondents say they will search for leadership positions from outside the industry in the next 5 years primarily because they "want leaders with a new perspective." The survey also found that 73% of the respondents revealed they do not have a formal CEO succession plan in place. |