Mishandled Talent
Companies that invest in talent management outperform those that don’t by a massive 67%, according to new research from consultancy Jackson Samuel.
The study found that 58% of respondents felt that talent management had not yet become embedded within their company.
Lesley Uren, CEO of Jackson Samuel, commented: “This report suggests that many chief executives are simply devolving their responsibilities when it comes to senior level appointments. We compared total shareholder return across the 58 respondent companies, and it is crystal clear that those companies where the CEO is taking a lead in terms of managing talent are returning significantly better value to shareholders. Those CEOs who think that when talent leaves their business a replacement is quick and easy to find need to take a long, hard look at the marketplace.”
“We are calling on the City and large shareholders to start asking some searching questions of companies”, commented Uren.
“Questions such as: how many internal promotions have you made at a senior level over one the past year and how much time does the CEO and the operating board actually spend each year on talent management?”
The full article was originally published in The Grapevine in January 2007.
