Mercer

Ready to rebound: Getting your talent focused for growth

For talent managers, the global economic downturn was a game-changer. It disrupted well-laid plans for a host of talent programs – from careers and training to performance management and leadership succession – and forced organizations to scale back, sometimes dramatically.

 

Now, with growth again on the horizon, organizations face a new challenge: How to get their talent programs in synch with a business that’s operating in a very different environment. The downturn’s slow-growth aftermath – alongside the re-emergence of critical skill shortages and the complications of an aging workforce – will likely require an entirely new approach to meeting the most pressing talent demands.

 

The downturn's talent legacy

 

Organizations are facing a range of talent-related repercussions from the economic downturn:

 

  • Layoffs combined with a jobless recovery have depleted talent pipelines.
  • Disrupted succession plans have left gaps, especially at the leadership level.
  • “Battlefield promotions” meant new responsibilities for remaining employees – often without corresponding increases in pay and title.
  • Pay and bonus cuts put greater emphasis on careers as part of the employee value proposition, but career opportunities shrank as organizations downsized.
  • Revised business performance expectations created uncertainty about what organizations expect of employees and how their efforts will be rewarded.

Indeed, the issues that comprise today’s talent agenda are complex, interconnected and, left unexamined, stand as an obstacle to future business growth. So how can talent managers begin to get their arms around this challenge? The answer is straightforward: Employers must take stock of their talent programs and determine what needs to change, in what order.

 

Mercer’s strategic talent review: A blueprint for moving forward

 

Through our Strategic Talent Review, Mercer will examine your recent talent decisions and future talent needs, gather insights from key stakeholders, and synthesize these inputs to create a blueprint that moves you in the right direction. Drawing on both our expertise and proprietary research and analytic tools, we will quickly identify your most critical talent issues, guide you toward setting the right priorities and provide you with the facts to make informed choices or trade-offs.

 

The review is structured to closely examine the impact of the downturn-related business decisions on recruiting, careers, training, performance management, employee engagement, retention, leadership succession and more. The recommendations and guidance developed through the Strategic Talent Review will tell you:

 

  • Whether leadership is aligned around future talent priorities
  • Whether you have the talent to fuel current and future growth opportunities
  • Where to make future talent investments (in terms of numbers and capabilities of employees)
  • Which talent programs need to be modified – and how
  • How to prioritize program changes
  • How you can strengthen your value proposition and employee engagement

 

Learn more about our strategic talent review services and register for our upcoming webcasts in EMEA and the US.

 

Contacts


To learn more, contact our talent management consulting leaders globally.

 

Global/US

E-mail Jason Jeffay

Telephone +1 404 442 3125

Asia Pacific

E-mail Fermin Diez

Telephone +65 6327 7146

Canada

E-mail Stephen Diotte

Telephone +1 403 269 4945

EMEA

E-mail Dagmar Wilbs

Telephone +49 69 689778458

 


 

 


Future of Talent Management survey results

Mercer’s new survey asked more than 700 employers in the US and EMEA to identify their talent management challenges and future priorities. Download regional survey summaries and take our interactive survey to see how your organization compares.

Download Survey results



View our webcasts

View a replay of our recent webcasts to learn more about getting your organization ready to rebound and your talent focused for growth.

Asia Pacific webcast (one hour)

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EMEA webcast (one hour)

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US webcast (one hour)

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Mercer’s services

Learn more about Mercer’s strategic talent review consulting and diagnostic services.

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