For almost a decade, the highest priority for companies of all sizes was the high cost of healthcare. But there is a rising challenge that is greater: attracting and retaining top talent.

According to Deloitte Consulting's 2007 Top Five Total Rewards Priorities Survey, the top priority for companies with more than $1 billion in annual revenue is now meeting the challenge of talent shortages.

“For 2007 and the last eight consecutive years, survey respondents identified controlling the cost of health care benefits as their number one Total Rewards priority. However, for the first time there is now a clear divergence between opinions based on the size of respondents’ companies – companies with revenues of more than $1 billion see attraction and retention of a high-quality workforce as their number one priority for 2007.”

If that’s your new priority, talent management is your solution. Read Consistently Acquiring and Retaining Top Talent.