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Reaching The Summit - Professional Development Market Trend

 

 

Talent shortages push companies to leverage their existing workforce

Nine out of ten North American business and HR executives recently surveyed say their companies are experiencing increased competition for talent, increasing the amount it takes to hire new workers, forcing them to offer higher compensation packages, and reducing their overall business flexibility. As a result, these executives say, they will increasingly look to their existing workforces.

These findings were part of a study titled the 2007 Performance and Talent Management Trend Survey, which presents responses from 726 business executives and HR professionals.

88% percent of respondents say the critical competencies needed in their organization are changing, and nearly half say they are changing to a “high” or “very high” degree.

The survey underscores the growing need for improved processes and systems for talent management and development, as well as the significant positive effects that the implementation of talent management solutions can make. But it demonstrates that a large percentage of companies don’t have adequate talent management practices in place.

Nearly three quarters of all respondents either strongly or very strongly agreed that talent management was a strategic priority within their company. However, only 57% said their companies have formal plans to identify, grow and retain talent.

 

The demands on your leaders continue to increase. The bar is going up … what are your plans to deal with these challenges?

Cognition Network's service is directed at proactively equipping leadership teams for the challenges they face by challenging each other to keep raising the bar, increasing the level of trust and transparency, encouraging fresh perspectives, breakthrough ideas and innovative solutions, demonstrating a bias for strategic change, reawakening creativity, developing a shared sense of urgency, enhancing the team’s level of cohesion and collaboration along with creating a forum for validating decisions.

Your leadership team will show demonstrable progress in their leadership and professional development.

Members create and execute development plans that support organizational objectives and address their needs for soft, technical & business skills utilizing a library of development planning and execution resources.

Cognition Network’s delivery model overcomes the weaknesses of traditional approaches creating accountability to the executive sponsor, other workgroup members and to the members themselves. Accelerated leadership development takes place through use of advanced problem solving and issue management methods.

How is your professional development plan working for you?

Cognition Network would like to provide you with an opportunity to further your development. The featured book summary for this market trend article is Play to Your Strengths by Haig R. Nalbantian, Richard A. Guzzo, Dave Kieffer and Jay Doherty

 

 
   

Cognition Network provides high performance facilitation of Professional & Leadership Development through accountability workgroups