Winning the Talent Management Battle — The Oil and Gas Industry's Business Challenge
Reap what you sow: Cultivating progress by getting to the root of the talent management challenge
One of the most prevalent business concerns in today's global economy is talent management. As a large percentage of experienced workers prepare for retirement, what can companies do now to prevent the potential knowledge loss, anticipate the workforce depletion and adapt to the shifting employee culture?
Despite increased investments in areas such as revamping people strategies, forming talent offices and re-evaluating human resources issues, companies are experiencing limited progress. What are corporations overlooking? Companies need to do more than just refocus their attention in order to effectively respond to the talent management challenge. Success is dependent upon creating a robust, enterprise-wide plan that addresses attracting and retaining the right skills, assessing organizational models and introducing effective governance processes. Talent management is a challenge that requires the continued attention of the business with a new approach by human resources (HR) leadership.
The talent crisis is particularly important among oil and gas companies, which are expected to face the greatest level of talent depletion. How should the energy industry respond to the depleting talent pool? How can business leaders and HR leaders alike create a talent road map that ensures their organization's survival in the competitive environment?
This new point of view, "Reap What You Sow: Cultivating Progress By Getting to the Root of the Talent Management Challenge," details steps that can be taken to help companies address the talent crisis and transform their HR leaders from "stewards" to "strategists."www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.