HR often complains that they are not perceived to be strategic and dont represent much of the overall budget of a company. We have to acknowledge that indeed, as shown on the chart below, HR and certainly talent management as a percentage of revenue is often below 1%.
But for all of us that believe that business performance is driven by talent, it is at the center!
More importantly, this chart shows the huge leverage that superior Talent Management practices have. From a productivity standpoint to turnover impact, organizations with sub-optimal talent management practices are doomed to mediocrity.
If you want more details, please attend our webinar next week that will describe our latest research on this topic.
