October 13, 2021 | Research Report
CEOs and CHROs must work together to acquire the talent the organization needs to succeed, especially in today’s forever-changed labor market. The insights revealed in this report emphasize that, to be competitive, CEOs should ensure that TA, onboarding, and internal mobility practices are drivers of talent and organizational strategy. As organizations rethink their future talent strategies in a hybrid work world, this report examines the conversations CHROs need to have with their CEOs and their TA and HR leaders.
ARTICLE
Talent acquisition (TA), onboarding, and internal mobility have experienced intense turmoil in the past 18 months, and the next 18 months are likely to be no less turbulent. In 2021, the two top stressors worldwide for CEOs and C-suite executives were COVID-19 and recruiting and retaining top talent, according to the “C-Suite Challenge™ 2021: Leading in a Post-COVID-19 Recovery” report from The Conference Board. The pandemic put unprecedented focus on employees as organizations were required to prioritize health and safety and change the way work gets done. “HR has been center stage during COVID,”as one CHRO we interviewed put it. The labor market has gone haywire in the past 18 months; as of this writing, it is historically “tight,” meaning it is extraordinarily difficult to hire and retain talent. Voluntary turnover is the highest it’s ever been. CEOs and leaders are now more dependent on and more attuned to human resources (HR) than ever.
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