News: Performance Management
'Lack of talent leadership affecting businesses'
01 April 2008
Business leaders feel their companies are suffering due to difficulties attracting talented employees, research claims.
The Sunday Times reports that in a survey by headhunting company DDI, 70 per cent of chief executives said a lack of leadership talent is having a negative impact upon their business.
At a conference held by talent management company Executive Grapevine, Bill Hester, head of consulting at DDI, reported that only three per cent of chief executives think they are doing an excellent job on talent management while 55 per cent believe they are doing a 'fair or poor' job at identifying talent.
Group talent management director at insurance group Aviva Arvinder Dhesi claims that employees must be made to feel significant to encourage talent among workers to increase.
"We have to move away from this industrial model of work where the employee is seen as a replaceable cog in the machine," he told the newspaper.
"We have to treat the employee as an investor, someone who has made the choice to invest their time and their energy with you," Mr Dhesi added.
Meanwhile, a recent report by the Kenexa Research Institute (KRI) showed that measures such as goal development, regular feedback from managers and progress tracking have a positive effect on employee job satisfaction and motivation, Management Issues reports.
