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Managers “don’t have the time to develop talent”
Of the 240 firms polled, 84 per cent said managers didn’t have the time to manage talented staff
Anna Scott
Publication date: 27 August 2008
Source: People Management magazine
Firms are missing out on business because bosses haven’t got the time or skills to manage talent, research has revealed.
Half of the HR managers surveyed in the Hewitt Talent Survey 2008 said they had lost out on business opportunities because talented employees hadn’t been effectively managed.
Of the 240 firms polled, 84 per cent said managers didn’t have the time to manage talented staff, and 60 per cent thought managers didn’t have adequate skills.
The survey shows an increase in commitment to talent management, with 88 per cent of respondents thinking that talent had become a top strategic priority for senior managers, up from 53 per cent in 2006.
But over half of the HR managers (55 per cent) said they had not seen their talent strategy reflected in decisions made by line managers.
“Talent strategies are simply not filtering down to line managers,” said Nick Warren, head of talent consulting at Hewitt Associates.
“Amid a challenging economic environment we have seen a renewed interest in talent management as companies seek to secure competitive advantage. But companies and HR departments need to work much harder on implementation,” he added.