Talent Management - Are we making a difference

I spoke with Prof EN Barkhuizen from the Talent Management Blueprint Conference and asked her for some of the Key Takeout’s from the conference held on 16th and 17th of October which unpacked Talent Management and Organisational Energy and behaviour

‘Are we making a Difference? ’Was her biggest question for Industry Leaders.

‘There are Only about 100 scientific publications on talent management. ‘There are 32, 4 million people aged between 15 and 64 years (working age population) in South Africa.

Of these 13, 1 million (40%) were employed and 4, 5 million (3, 8%) were unemployed.

This report further pointed out that 41, 0% of the unemployed were students

15, 0% were discouraged work seekers.

38 236 doctors and 5 560 dentists.

The doctor-to-population ratio is estimated to be 0.77 per 1 000.

But because the vast majority of GPs – 73% – work in the private sector, there is just one practicing doctor for every 4 219 people.

(Source: RSA.info, 2014)

From the above stats, it is apparent that we clearly need to become more Talent Intelligent.

Other staggering Stats from hashtag Marius Meyer were the following:         

Human Capital is the biggest concern for CEOs (PwC).        

Only 18% of CEOs feel confident that they have the right people in place to execute strategy (CEB).        

Human Capital is the biggest risk in business (HCI Africa).        

Skills crisis is the top obstacle to economic growth.        

Strikes cost SA R 200 million+ per day.        

SA losing R12 billion a year due to absenteeism.        

Only 19% auditors feel they use HR optimally (CG Index – Institute of Internal Auditors)        

Only 5% employees understand business strategy.        

World-wide 13% of employees actively engaged.        

Companies with engaged employees outperform others by 202% (Dale Carnegie).

Companies with good HR Practices outperform others by treating HR as critical business function, these companies are 105% more profitable.

Average ROI on wellness programmes: 300%.

‘So what do we do about all this? ‘I asked like Dr Lynne Derman, who is a renowned expert in the field of organisational energy and whose Doctoral Study was the first to investigate organizational energy in the South African context.’

‘I am passionate about employee well being, in fact managing talent effectively gives business a competitive advantage.

Aligning Talent Management with Business Strategy is imperative. It is equally important to be equipped with the correct tools‘.

For more information on individual and organisational well-being visit goldfish-consulting

Link: http://goldfish-consulting.co.za/services/talent-management