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Permanent Link - Talent Management: Winning Strategy for All Economic Seasons 09:09:52 am by Alice Snell

Talent Management: Winning Strategy for All Economic Seasons

Until last winter’s financial discontent, the US economy had been growing steadily since 2003. But the revaluation of subprime loans and record high energy prices threaten to slow growth and resurrect inflation, leading some economists to predict slow economic growth or a possible recession.

On the heels of the World Economic Forum in Davos, while they were pondering the global challenges of finding talent, business executives factored these economic forecasts into their plans. Although some may question making technology and process investments, they would be missing the point. Hiring continues even in rough economic times.

There are indications that gross job creation will continue to follow historical trends regardless of the economic season. Green collar jobs are poised for growth and IT jobs are still in high demand.

Talent management in a low growth economy offers new opportunities to deliver significant business performance benefits in the midst of financial constraints—especially internal mobility, performance management, and quality of hire. Citing historical data and demographic trends, a new Taleo Research paper dispels misconceptions that HR investments should be pared back when markets get frosty.

Talent Management in a Down Economy explores the relationship between talent management strategies, processes and practices, and the advantages that can be gained by organizations coping with an economic downturn. Learn why talent management is the key issue for businesses worldwide and remains a central strategy in any economic season.

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Taleo Blog - Talent Management Solutions

Taleo's Talent Management Solutions Blog is about developments in Talent Management - from its definition and practices - to the latest research in the field.

Alice Snell
Vice President, Taleo Research

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