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Future business leaders' skills and competences change

Study “Paradigm shift: building a new talent management model to boost growth” finds there is a general lack of investment in talent management in most companies. While performing companies get financial rewards investing more in building talented teams and decentralizing operations globally, more than half (45%) say they gain efficiency by investing in talent management to achieve financial goals. This figure drops to 36% for poorly performing companies.

Performing organizations are more likely to decentralize operations and to compete in a globalized business environment, according to the latest Ernst & Young report “Paradigm shift: building a new talent management model to boost growth”.Following the surveyof  600 executives worldwide, the study revealed that these organizations provide greater freedom in decision making within direct reporting relationships (49 percent compared with 35 percent of polled poorly performing organizations) and redefine roles in a more open and flexible way. (46 percent versus 34 percent).

Although 9 percent of survey respondents work for companies with operations run exclusively in the country where their headquarters are, only half of them (51 percent) creates opportunities for employees to work in different countries. Multinational companies strive to prepare future managers for leadership positions, giving them exposure to different business areas and cultural backgrounds.


Find the full version in romanian language here or find the full EN version of the study in the pdf. document.