Total Talent Journal

Read news on talent strategy and management, updated monthly.

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Facts on Talent Management and Strategy

1. 16% of companies have a Total Talent Acquisition strategy. Within the next two years this is expected to increase to 51%. (Cxcglobal)
2. In 2021, the demand for talent in Eastern Europe is projected to grow by 10%, while in Western Europe by 3.5%. (Cxcglobal)
3. 72.8% of employers are having a difficult time finding skilled candidates. 45% of employers are concerned about finding employees with the necessary talents. (Manpowergroup)
4. Companies with clear objectives outperform the market by 42%. (Jobholler)
5. The average cost of losing talent for the organisation is a surprising 33% of their annual revenue. (Benefitnews)
6. Referred talent is 55% faster to hire, compared with talent sourced through career sites. (Hrtechnologist)
7. Good talent management significantly affects organizational performance. 99% of respondents who reported very effective talent management say they outperform their competitors, compared with 56% of all other respondents. (Mckinsey)
8. Only 39% of respondents say their organizations are fast or very fast at reallocating talent strategicallya practice that leads to a 1.4timesgreater likelihood of outperformance. (Mckinsey)
9. 41% of surveyed executives rate competing for talent globally as one of their most pressing talent concerns. (Deloitte)
10. 58% of candidates cited clear and regular communication as their most important aspect in accepting an offer, followed by clear expectations (53%) and feedback regarding rejection (51%). (Keka)

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Please note: The insights provided in this section are commonly republished from third-party sources. Articles are the exclusive opinions of the authors. Workspend accepts no liability for their accuracy or for any consequential impacts of any actions resulting from the use of this information.

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