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World – Randstad Sourceright: Employers believe talent strategy is key to business growth

23 January 2019

With business leaders increasingly concerned about the global economy, organisations now see talent as the key to value creation, according a report published by Randstad Sourceright.

The report, “2019 Talent Trends”, is based on a survey of more than 800 C-suite and HR leaders, and 1,700 professionals across 17 countries. The annual survey provides a global snapshot of how talent leaders are uniquely positioned to make a significant impact on their business' performance.

According to Randstad Sourceright’s report, HR leaders say their role in building nimble workforces and constructing holistic talent models is more critical than ever before. The report showed that 83% of HR feel their goal is to have a measurable impact on their business' performance, up from 57% in 2016. Meanwhile, 80% of talent leaders say their recruitment strategy is more about value creation than cost savings.

"If your organisation is not able to attract, develop and retain new skills, it will almost certainly fall behind," Rebecca Henderson, CEO of Randstad Sourceright, said. "Whether through data insights, research or customer engagement, human capital leaders are in the driver's seat to deliver these skills and accelerate growth and market share."

Randstad Sourceright stated that by adopting a so-called 'total talent' approach, employers aren't just filling jobs, but thinking about how to best get the work done through traditional and non-traditional means. Talent scarcity, the widening skills gap, and better access to technology and data are driving the shift towards a more integrated approach to workforce planning.

Among the C-suite and HR leaders who have already adopted this total talent model, 98% report being extremely or very satisfied. And among organisations that have yet to implement this approach, 76% plan to do so in the next 12 months.

The report also offers a look at how different markets around the globe are eager to adopt total talent strategies. Countries that face the greatest talent shortages, such as Germany, Japan and the UK rank highest on the indices for total talent readiness and adoption.

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