These new assets were published over the last month in our Member Center and are exclusively available to Brandon Hall Group members.
Brandon Hall Group, the leading independent HCM research and analyst firm, is launching a survey to understand the human capital management priorities of organizations in the coming year and how the continued disruption of COVID-19 and evolution of the hybrid workplace will impact goals and objectives.
Succession planning is an integral part of building a deep leader pipeline. Organizations often view it largely through the lens of talent reviews, usually held once or twice a year. In reality, succession planning is a continuous, integrated talent management process. Based on our 2021 quantitative leader development studies and scores of interviews, here are six recommendations for improving succession planning.
Coaching is a vital way to extend learning and training beyond the classroom and create an environment of continuous and personalized learning. But employers that use internal coaches, as opposed to professional and often-certified external coaches, must ensure they have the training they need to deliver value.
alent retention is a huge concern for employers. Addressing this challenge requires great insight into your organization, industry and market. In many cases, retention or other critical talent issues may require significant adjustments or redesign of your talent management strategy. In 2021, for example, 63% of organizations indicated they would invest moderately or heavily in improving the alignment between talent strategy and business goals, according to Brandon Hall Group research.
As employers — even large enterprises — struggle to build career paths that provide enough high-quality opportunities to attract employees to stay, matching employees to shorter-term options is an efficient and inclusive way to strategically align the aspirations of individual employees and the enterprise.
To help mitigate employees’ financial stress, providing the right resources to help employees understand their money goals and giving them the tools they need to achieve these goals requires financial education and support. Enabling employees to meet their short-term goals, such as paying the bills, as well as their long-term objectives like saving for a home or retirement can help relieve this stress. It really is no different than any other type of wellness. It’s all a matter of helping people find out where they currently stand, where they want to be and how to get there, the same as with dietary, fitness or productivity goals.
To understand the potential of employees to contribute to the future success of the business, employers focus predominately on reviewing and rating their past performance, according to Brandon Hall Group research. But even the current best performer may not be the best employee for the future.
Employers say their biggest human capital management challenges over the next six months will be retaining talent, employee engagement and acquiring new talent, though 15 distinct challenges are rated at least 3 on a 5-point scale. Organizations are pulled in many directions and most management functions present at least a moderate challenge, creating stress across organizations.
Organizations that fail to develop more senior women and other diverse leaders lack progress in ensuring leadership that reflects its employee and customer base, which will become increasingly diverse in the years ahead.