Talent isn’t just a piece of the puzzle – it’s the cornerstone of transformation. We have observed recurring pitfalls that organisations make concerning their talent strategy during transformation phases. Here are the biggest ones:
- Neglecting strategic role alignment
- Limited talent scouting
- Inadequate future-readiness
But why are these the missteps such an issue? A recent Bain & Company study revealed that effective alignment of talent with strategic roles is pivotal. Only 58% of underperforming companies recognise their critical roles compared to 76% of successful ones. Many rely too heavily on their known “star players”, risking burnout and overlooking potential in the “hidden gems”.
Adding to that issue, over 50% of today’s high performers are not equipped with future-critical capabilities. They focus solely on current skills, without preparing for future demands.
So, how do you move forward?
- Align talent with transformation goals: ensure every role is filled by someone capable of pushing the agenda forward.
- Diversify talent sources: look beyond your current stars and consider potential from all levels within and outside your organisation.
- Prepare for the future: develop a roadmap for talent development that anticipates the skills needed for tomorrow’s challenges, not just today’s.