Lack of accountability for talent management is a primary reason companies have difficulty executing in this area, according to "The State of Talent Management: Today's Challenges, Tomorrow's Opportunities," a new study released by the Human Capital Institute in partnership with Hewitt Associates. Key findings were as follows:
• Less than 10 percent of organizations hold managers or senior executives accountable for developing their direct reports through performance management processes.
• Human capital is not sufficiently aligned with business strategy: Only 17 percent of leaders indicate their workforce strategy is aligned with their business strategy consistently across the organization.
• While 68 percent of companies conduct workforce planning across all divisions/business units, only 15 percent do so consistently.
• Less than 10 percent of companies utilize metrics to measure the effectiveness of talent management programs, track the quality of talent, or use specific quantitative frameworks to align human capital investments with the business strategy.
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