How can organisations sell the importance of TM to their shareholders when they do not measure the financial impact of their TM strategy?
Here is the next part of this series of blogs summarising our 2012 findings into the Future of Talent Management.
Whilst the review and assessment of TM strategies are recognised as important few organisations measure the ROI. Indeed, only 5% of Leaders said their organisation had a valid and reliable measure of return on investment (ROI) of their TM practices. 44% say they never measure the ROI of their TM practices, 26% are not sure and 25% have a process but do not consistently use it. In addition to this only 2% consistently assess the impact of TM strategy on Total Shareholder Return (TSR) with 53% reporting it is not assessed at all, 25% being unsure, 14% reporting it not applicable and the remaining 6% reporting it being assessed on some strategies. » Read more: The Future of Talent Management: What does the future look like? Part 2