The Talent Gap – Is it Reality or Fiction?

The Talent Gap – Is it Reality or Fiction?
Human Resources

The Talent Gap – Is it Reality or Fiction?A simple Google search on the words “talent management” reveals almost 17 million hits, and if we look at studies in all countries over the last decade, every time CHRO’s & CEO’s are surveyed, two of the top three challenges they say they face are lack of talent and a shortage of leadership. It isn’t clear whether these two are linked (i.e. is talented leadership scarce; or is it that both leadership and specific talents at all organizational levels are in short supply.)

Whatever the answer, it does appear to be a universal and long-standing issue. One would think that if it is so important and companies have been working on it for decades, they would have found a solution by now.

This raises the question, with all this information and such a multiplicity of studies, why has it not been fixed? Thus we address the question “Is the talent gap reality or fiction?”

In a previous articles, we described a Human Resources Framework encapsulating the five knowledge competencies  which we believe are requisite elements for CHRO success:

  1. Strategic Business Planning and HR Alignment
  2. Talent Acquisition Allocation and Management
  3. People Management
  4. Compensation, Rewards and Recognition
  5. Employee and Leadership Professional Development

In our most recent article, Making of the Super CHRO, we discussed how HR must align people strategies with the overall corporate mission.  In this article, we cover the only sustainable factor that differentiates successful organizations from those that don’t make it – finding, developing and keeping talent.

The fact that it continues to be a problem means that either it isn’t as important as surveys say; or it is important but no one has the answer. This conundrum is a tough nut to crack.

There seem to be four overarching factors that make the issue a real challenge.

Receive email updates
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

You May Also Like

ARTICLES

Alison Darling
News
Queen’s IRC has a new website and participant portal!
As Queen’s IRC’s Director of Professional Programs, I am delighted to share we have launched a new website, compl...
Do employees have the right to work from home?
Labour Relations
Do Employees Have the Right to Work from Home?
At the onset of the COVID-19 pandemic in 2020, global workforces experienced a sudden and forced shift into remote wo...
Bridging Differences: Techniques for Building Conflict Competence
Human Resources
Bridging Differences: Techniques for Building Conflict Competence
Interpersonal conflict is unavoidable, but the good news is there are many strategies you can develop to help strengt...

PROGRAMS

A group of people sit against a large window with desks in front of them.
Workplace Restoration
Addressing a Toxic Workplace to Rebuild Relationships and Productivity.
Two sets of hangs tugging a rope in different directions.
Strategies for Workplace Conflicts
Practical and Effective Conflict Resolution Skills for Managing Everyday Workplace Disputes.

Share this article

Page link
Copied!

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.