Stay in Front of the Talent Curve

Abstract

OVERVIEW:Although executives are faced daily with making critical decisions about the number and type of talent they need to run their businesses, they often lack the complete and accurate information required to make these decisions. This makes it difficult for them to manage their talent portfolio so as to have the right people in the right place at the right time to implement the business strategies—to ensure they stay in front of the talent curve. However, companies can stay ahead of the talent curve through the implementation of strategic workforce planning. One such approach that has been used by a variety of innovation-based companies is known as Human Capital Planning©. This four-stage approach helps companies forecast future talent through talent segmentation, talent supply and demand dynamics, and “buy/build” decision making.