Human Capital Survey: Insights on Global Transformation
3-1-2008
The research, which is based on a survey of human resources (HR) executives across eight countries in Europe, North America, and Asia-Pacific, found that HR is focused on implementing short-term measures to recruit and retain talent: 90 percent are planning to hire external resources; 60 percent are looking to source offshore talent; and 59 percent plan to increase productivity without recruiting.
"Global corporations see the recruitment and retention of high-quality talent as an issue that transcends fluctuations in the global economy," said Chris Hagler, the Atlanta-based managing director of Global Strategic Services at Resources, the operating subsidiary of Resources Connection, Inc. (NASDAQ: RECN). "This is driven by social factors, such as the dramatic decline in employee loyalty, aging populations, the 'one child per family' policy in China, and different career expectations from younger generations.
"While it is understandable that HR leaders seek immediate solutions to address current problems, our research indicates that few companies have a clear vision of future skill requirements," Hagler said. "Moreover, most employers take a narrow, local view when considering demographic trends. Long-term measures such as strategic workforce planning are off the radar of HR leaders, who could benefit from workforce planning scenarios that consider a worldwide labor pool."
Other major findings from the survey include:
• Boards still need to see the value of HR
• Leadership development is a high priority for HR Leaders
• There are relatively low levels of HR process outsourcing
Project Announcements
Fibrebond Corporation Expands Webster Parish, Louisiana, Operations
04/19/2024
Master Steel Expands Hardeeville, South Carolina, Operations
04/19/2024
L3Harris Technologies Expands Orange County, Virginia, Operations
04/18/2024
Republic Airways Holdings Plans Tuskegee, Alabama, Training Operations
04/18/2024
South Africa-Based Radel Plans Winston-Salem, North Carolina, Operations
04/18/2024
Firestone Industrial Products Expands Dyersburg, Tennessee, Operations
04/18/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024