In 2019, 99% of companies decided on preparing for the future workforce. Furthermore, 73% of companies expected a significant disruption, says Mercer. Well, 2020 is knocking at our doors. Where we’re stationed at? Do we still have the time to personalize other trends?
Talent management is the new engine for the upcoming economy. With more and more companies looking to thrive in an uncertain situation today, more attention is being focused on the role of talent development.
In the same manner, companies today are seeking newer processes and techniques to keep the current workforce engaged. However, there are certain challenges that HR and talent management professionals are facing.
- Escalating talent expectations – with changing the workforce, organizations will need to take a look at how they approach talents – their needs and how to escalate their expectations.
- Changing the talent profiles – top companies are quite skeptical about choosing their talent profiles. Due to digitization profiles, it could go for a toss, thus it is critical to learn valuable lessons about the changing scenario of talent development.
With economic growth, unemployment is yet slow owing to the difficult recruitment process. But it is also predicted that the economy would be slow in 2019 and 2020, due to which the approach should be more strategic.
Talent managers are facing challenges in finding qualified talent. Thus, organizations must also focus on moving their current employees into available opportunities in the current job market.
What are the progressive measures that these talent managers need to cater towards? The “Talent Development Factsheet” has all the answers to your questions.
Talent Development Trends In 2019
- The rise of everyday performance – this has already been widely adopted. It is said that 76% of organizations have shifted toward a continuous management approach and is expected to rise.
- Personalized benefits – compensation still plays a major role in analyzing how satisfied your employees are, however, this change is now moving beyond personalized benefits.
- Employer branding – for an organization to attract top employees, it is important that the company builds an employer brand.
- Employee-led learning – organizations are now gradually moving away from top-bottom development frameworks. Instead, they’re now allowing employees to lead their learning paths. In terms of securing development opportunities, an 80% increase in employees requesting managerial approval to undertake learning activity has been seen, a report by PageUp.
What your truth beyond 2020?
The Talent Development Factsheet is a must-read for talent managers, HR, and talent management professionals. As we move toward a new beginning in 2020, employees are looking for ways to gain the best talent insights.
The war for talent is growing aggressively than ever. However, to win a place in the current workforce, it requires more than just talent acquisition.
Upskilling has always been a major challenge for human resources. As a result, to keep up with the latest trends in the industry, organizations should facilitate the upskilling of the workforce while also updating themselves to respond to the latest business challenges.